Arch Capital Group Ltd. (ACGL): What Technical Indicators Show

Arch Capital Group Ltd. (NASDAQ:ACGL) saw a downside of -1.90% to close Monday at $40.17 after subtracting -$0.78 on the day. The 5-day average trading volume is 1,561,200 shares of the company’s common stock. It has gained $41.29 in the past week. An average of 2,241,045 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,899,412.

ACGL’s 1-month performance is 3.16% or $1.23 on its low of $37.44 reached on 10/04/21. The company’s shares have touched a 52-week low of $28.55 and high of $42.54, with the stock’s rally to the 52-week high happening on 08/24/21. YTD, ACGL has achieved 11.37% or $4.10. However, the current price is down -5.57%% from the 52-week high price.


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Insider Transactions

On Aug 20, 53 days have gone by since the last insider trading activity for Arch Capital Group Ltd. (ACGL). Morin Francois (EVP and CFO) most recently sold 5,000 shares at $42.04 per share on Aug 20. This transaction cost the insider $210,223. Director, Posner Brian S, sold 4,000 shares at a price of $25.24 on Jun 14. Then, on May 27, SVP & Chief Investment Officer Hutchings W Preston sold 37,500 shares at a price of $39.51 per share. This transaction amounted to $1,481,715.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 32.92 and a low of 6.010. ACGL stock has a beta of 0.89. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.73 while the price-to-book (PB) in the most recent quarter is 1.26, with the price to cash flow ratio at 5.05.

As well, the company’s long term debt to equity for the quarter ending June 29 was 0.24, while the total debt to equity was 0.24 while for the period ending June 29; Arch Capital Group Ltd.’s operating margin was 24.00%. The firm’s gross profit as reported stood at $1.58 billion against revenue of $8.53 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected ACGL to announce $0.71 per share in earnings in its latest quarter, but it posted $0.85, representing a 19.70% surprise. EBITDA for the quarter stood at more than $814.13 million. ACGL stock balance sheet for the quarter ending June 29 shows that, with total debt at $3.19 billion. Shareholders hold equity totaling $396.04 million

Technical Picture

Let’s look briefly at Arch Capital Group Ltd. (ACGL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 57.79% to suggest the stock is trending Neutral, with historical volatility in this time period at 25.23%.

The stock’s 5-day moving average is $40.28, reflecting a +5.18% or $1.98 change from its current price. ACGL is currently trading +0.70% above its 20-day SMA, +0.42% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +3.00% and +14.51% respectively.

Stochastic %K and %D was 85.61% and 91.89% and the average true range (ATR) pointed at 0.90. The RSI (14) points at 54.99%, while the 14-day stochastic is at 70.85% with the period’s ATR at 0.86. The stock’s 9-day MACD Oscillator is pointing at 1.19 and 1.34 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Arch Capital Group Ltd. (NASDAQ: ACGL), Wolfe Research launched coverage with an Outperform rating. Analysts offering their rating for ACGL stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate ACGL as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 10 have offered a “buy” rating.

What is ACGL’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $44.00 and a high of $58.00, with their median price target at $47.00. Looking at these predictions, the average price target given by analysts is for Arch Capital Group Ltd. (ACGL) stock is $47.82.

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