Arch Capital Group Ltd (ACGL) concluded trading on Thursday at a closing price of $98.56, with 3.43 million shares of worth about $338.29 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 3.56% during that period and on October 31, 2024 the price saw a loss of about -6.26%. Currently the company’s common shares owned by public are about 373.40M shares, out of which, 363.32M shares are available for trading.
Stock saw a price change of -7.92% in past 5 days and over the past one month there was a price change of -13.35%. Year-to-date (YTD), ACGL shares are showing a performance of 32.70% which increased to 13.71% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $72.85 but also hit the highest price of $116.47 during that period. The average intraday trading volume for Arch Capital Group Ltd shares is 1.56 million. The stock is currently trading -9.04% below its 20-day simple moving average (SMA20), while that difference is down -10.85% for SMA50 and it goes to 0.58% higher than SMA200.
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Arch Capital Group Ltd (NASDAQ: ACGL) currently have 373.40M outstanding shares and institutions hold larger chunk of about 89.11% of that.
The stock has a current market capitalization of $37.06B and its 3Y-monthly beta is at 0.60. PE ratio of stock for trailing 12 months is 6.93, while it has posted earnings per share of $14.21 in the same period. Its PEG reads 1.17 while making debt-to-equity ratio of 0.13. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ACGL, volatility over the week remained 2.33% while standing at 2.45% over the month.
Stock’s fiscal year EPS is expected to rise by 6.09% while it is estimated to increase by 0.19% in next year. EPS is likely to shrink at an annualized rate of 5.95% for next 5-years, compared to annual growth of 46.40% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on September 05, 2024 offering an Equal weight rating for the stock and assigned a target price of $120 to it. Coverage by ROTH MKM stated Arch Capital Group Ltd (ACGL) stock as a Buy in their note to investors on August 23, 2024, suggesting a price target of $125 for the stock. On January 10, 2024, TD Cowen Initiated their recommendations, while on December 14, 2023, Evercore ISI Initiated their ratings for the stock with a price target of $88. Stock get a Neutral rating from Citigroup on November 22, 2023.
