Things For Investors To Watch In Arch Capital Group Ltd (NASDAQ: ACGL)

Arch Capital Group Ltd (NASDAQ:ACGL) does about 1.70M shares in volume on a normal day but saw 1334423 shares change hands in Monday trading. The company now has a market cap of 36.90B USD. Its current market price is $98.26, marking an increase of 0.11% compared to the previous close of $98.15. The 52 week high reached by this stock is $103.79 whilst the lowest price level in 52 weeks is $72.85.

Arch Capital Group Ltd (ACGL) has a 20-day trading average at $100.08 and the current price is -5.33% off the 52-week high compared with 34.88% distance from its 52-week low. The 50-day simple moving average of the closing price is $99.26 and its 200-day simple moving average is $87.87. If we look at the stock’s price movements over the week, volatility stands at 1.72%, which increases to 1.78% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 43.58 to suggest the stock is neutral.

The consensus objective for the share price is $108.56, suggesting that the stock has a potential upside of 9.49% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 10, 2024 when TD Cowen initiated the stock to “Outperform” and issued a price target of $96. Citigroup initiated its price target at $91.

Arch Capital Group Ltd (ACGL) stock is down -2.61% over the week and -1.42% over the past month. Its price is 32.30% year-to-date and 33.02% over the past year.

The stock last released its quarterly earnings report for quarter ended 3/31/2024, with the company’s earnings per share (EPS) of 1.92 above consensus estimates by 0.34. The company’s next earnings report forecasts estimating quarterly EPS at 2.19 and 8.55 for whole year. Expected sales for next quarter are $3.99B, which analysts say will come at $16.11B for the current fiscal year and next year at $18.1B. In addition, estimates put the company’s current quarterly revenue at an average of $3.99B.

To reach the target analysts have set, the stock logically needs to grow 9.49 percent from here.

The company has a return on investment of 21.77% and return on equity of 29.08%. The price to earnings ratio (P/E ratio) amounts to 7.76 while the forward price to earnings ratio is 11.12. The beta has a value of 0.58. Price to book ratio is 1.99 and price to sales ratio is 2.62.