At the last check on Thursday, Arch Capital Group Ltd.’s (NASDAQ:ACGL) stock was down -$2.01, moving down -2.61 percent to $74.94. The average number of shares traded per day over the past five days has been 1,199,030 shares. 4 times new highs have been achieved over the past 5 days, with a -$1.60 fall in that time frame. In the last twenty days, the average volume was 2,011,877, while in the previous 50 days, it was 1,989,967.
Since last month, ACGL stock retreated -6.61%. Shares of the company fell to $74.70 on 08/17/23, the lowest level in the past month. A 52-week high of $84.83 was reached on 07/27/23 after having rallying from a 52-week low of $41.05. Since the beginning of this year, ACGL’s stock price has risen by 19.38% or $12.20, and marked a new high 36 times. However, the stock has declined by -11.65% since its 52-week high.
ACGL stock investors should be aware that Arch Capital Group Ltd. (ACGL) stock had its last reported insider trading activity 90 days ago on May 19. GRANDISSON MARC, the CEO of the company, disposed of 200,000 shares for $76.10 on May 19. It resulted in a $15,220,920 divestment by the insider. PETRILLO LOUIS T sold 15,406 shares at an average price of $76.79 on May 10. The insider now owns 105,254 shares following the transaction. On May 09, CHAIRMAN & CEO ARCH RE GROUP Rajeh Maamoun sold 40,000 shares at $76.41 apiece. The transaction was valued at $3,056,200.
Valuation Metrics
Right now, Arch Capital Group Ltd. (ACGL) has a P/E ratio of about 12.71. The stock’s beta is 0.72. Besides these, the trailing price-to-sales (P/S) ratio of 2.41, the price-to-book (PB) ratio of 2.00, and the price-to-cash flow ratio of 6.32 may also be considered.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.20, and the total debt-to-equity ratio was 0.20. In the year ended June 29, operating margins totaled 19.70%. Based on annual data, ACGL earned $1.56 billion in gross profit and brought in $9.61 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 8.90%. Return on equity (ROE) for the past 12 months was 17.80%.
In Arch Capital Group Ltd.’s quarter-end financial report for June 29, it reported total debt of $2.73 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ACGL’s revenue rose 29.95% to $3.17 billion during the quarter, while net income inched up to $3.16 billion. While analysts expected Arch Capital Group Ltd. to report $1.58 quarterly earnings, the actual figure was $1.92 per share, beating the consensus estimate by 21.50%. During the quarter, the company generated $776.0 million in EBITDA. The value of shareholders’ equity is $372.95 million.
Technical Picture
This quick technical analysis looks at Arch Capital Group Ltd.’s (ACGL) price momentum. With a historical volatility rate of 22.54%, the RSI 9-day stood at 33.64% on 16 August.
With respect to its five-day moving average, the current Arch Capital Group Ltd. price is down by -2.09% percent or -$1.60. At present, ACGL shares trade -8.00% below its 20-day simple moving average and +13.52% percent above its 100-day simple moving average. However, the stock is currently trading approximately +5.31% above its SMA50 and +32.29% above its SMA200.
Stochastic coefficient K was 16.85% and Stochastic coefficient D was 16.94%, while ATR was 1.61. Given the Stochastic reading of 7.22% for the 14-day period, the RSI (14) reading has been calculated as 40.58%. As of today, the MACD Oscillator reading stands at -0.40, while the 14-day reading stands at -0.55.
Analyst Ratings
Morgan Stanley launched its rating on Arch Capital Group Ltd. (NASDAQ: ACGL) to an Overweight in a note to investors on June 20, 2023. Arch Capital Group Ltd. (ACGL) has been rated Buy by analysts. According to 0 brokerage firms, ACGL is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Arch Capital Group Ltd. stock as buy, with 12 recommending it as overweight.
With a median target price of $90.00, the current consensus forecast for the stock is $78.00 – $100.00. Based on these forecasts, analysts predict Arch Capital Group Ltd. (ACGL) will achieve an average price target of $89.77.
