Arch Capital Group Ltd. (NASDAQ:ACGL) finished Friday with a subtraction of -$0.79 to close at $74.62, a downside of -1.05 percent. An average of 1,167,000 shares of common stock have been traded in the last five days. There was a fall of -$0.62 in the past week, and it reached a new high 57 times over the past 12 months. The last 20 days have seen an average of 1,486,340 shares traded, while the 50-day average volume stands at 1,980,226.
ACGL stock has decreased by -6.34% in the last month. The company shares reached their 1-month lowest point of $73.50 on 08/18/23. With the stock rallying to its 52-week high on 07/27/23, shares of the company touched a low of $41.05 and a high of $84.83 in 52 weeks. It has reached a new high 36 times so far this year and achieved 18.86% or $11.84 in price. In spite of this, the price is down -12.04% from the 52-week high.
Insider Transactions
ACGL stock investors should be aware that Arch Capital Group Ltd. (ACGL) stock had its last reported insider trading activity 99 days ago on May 19. In this transaction, the insider spent $15,220,920. OFFICER OF SUBSIDIARY, PETRILLO LOUIS T, disposed of 15,406 shares at a price of $76.79 on May 10. The insider now owns more than $1,183,071 worth of shares. Prior to that, CHAIRMAN & CEO ARCH RE GROUP Rajeh Maamoun went on to Sale 40,000 shares at $76.41 each on May 09. An amount of $3,056,200 was transacted.
Valuation Metrics
Arch Capital Group Ltd. (ACGL) has a trailing price-to-earnings (P/E) ratio of 12.66. The stock’s beta is 0.72. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.37, the price-to-book (PB) ratio at 1.99, and the price-to-cash flow ratio at 6.21.
Financial Health
Further, the company has a long term debt to equity ratio of 0.20 and a total debt to equity ratio of 0.20 for the quarter ending June 29. Its gross profit as reported stood at $1.56 billion compared to revenue of $9.61 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Arch Capital Group Ltd.’s return on assets was 4.50%.
Earnings Surprise
For the three-month period that ended June 29, Arch Capital Group Ltd. had $2.73 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $661.0 million in the quarter, while revenues were grew 40.37%. The analyst consensus anticipated Arch Capital Group Ltd.’s latest quarter earnings to come in at $1.58 per share, but it turned out to be $1.92, a 21.50% surprise. For the quarter, EBITDA amounted to $776.0 million. At the end of the quarter ending June 29, Arch Capital Group Ltd.’s stock balance sheet showed total debt was $2.73 billion. Shareholders own equity worth $372.95 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Arch Capital Group Ltd. (ACGL) price momentum. RSI 9-day as of the close on 25 August was 37.68%, suggesting the stock is Neutral, with historical volatility in this time frame at 20.63%.
As of today, ACGL’s price is $74.99 -0.82% or -$0.62 from its 5-day moving average. ACGL is currently trading -3.40% lower than its 20-day SMA and +8.76% higher than its 100-day SMA. However, the stock’s current price level is +6.48% above the SMA50 and +28.63% above the SMA200.
The stochastic %K and %D were 32.98% and 31.33%, respectively, and the average true range (ATR) was 1.52. With the 14-day stochastic at 23.93% and the average true range at 1.55, the RSI (14) stands at 41.61%. The stock has reached -0.28 on the 9-day MACD Oscillator while the 14-day reading was at -0.77.
Analyst Ratings
Morgan Stanley launched coverage on Arch Capital Group Ltd. (NASDAQ: ACGL) in its analyst report released on June 20, 2023. The firm assigned the stock an Overweight rating.
What is ACGL’s price target for the next 12 months?
Analysts predict a range of price targets between $78.00 and $100.00, with a median target of $90.00. Taking a look at these predictions, the average price target given by analysts for Arch Capital Group Ltd. (ACGL) stock is $89.77.
