As of close of business last night, Arch Capital Group Ltd’s stock clocked out at $90.69, down -1.67% from its previous closing price of $92.23. In other words, the price has decreased by -$1.54 from its previous closing price. On the day, 2039740 shares were traded.
Ratios:
To gain a deeper understanding of ACGL’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.16 whereas as Long-Term Debt/Eq ratio is at 0.16.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on January 10, 2024, initiated with a Outperform rating and assigned the stock a target price of $96.
On December 14, 2023, Evercore ISI started tracking the stock assigning a In-line rating and target price of $88.
On November 22, 2023, Citigroup started tracking the stock assigning a Neutral rating and target price of $91.Citigroup initiated its Neutral rating on November 22, 2023, with a $91 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 07 ’24 when Papadopoulo Nicolas sold 60,000 shares for $87.52 per share. The transaction valued at 5,251,302 led to the insider holds 651,931 shares of the business.
Morin Francois sold 25,689 shares of ACGL for $2,247,030 on Mar 07 ’24. The EVP AND CFO now owns 221,779 shares after completing the transaction at $87.47 per share. On Mar 05 ’24, another insider, Rajeh Maamoun, who serves as the CHAIRMAN & CEO ARCH RE GROUP of the company, sold 50,000 shares for $87.48 each. As a result, the insider received 4,374,025 and left with 336,170 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ACGL now has a Market Capitalization of 33.92B and an Enterprise Value of 36.74B. As of this moment, Arch’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.81, and their Forward P/E ratio for the next fiscal year is 10.72. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.40. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.54 while its Price-to-Book (P/B) ratio in mrq is 1.93. Its current Enterprise Value per Revenue stands at 2.76.
Stock Price History:
Over the past 52 weeks, ACGL has reached a high of $92.57, while it has fallen to a 52-week low of $63.69. The 50-Day Moving Average of the stock is 84.82, while the 200-Day Moving Average is calculated to be 80.20.
Shares Statistics:
It appears that ACGL traded 1.66M shares on average per day over the past three months and 1.85M shares per day over the past ten days. A total of 373.40M shares are outstanding, with a floating share count of 362.75M. Insiders hold about 3.05% of the company’s shares, while institutions hold 89.22% stake in the company. Shares short for ACGL as of Feb 29, 2024 were 3.01M with a Short Ratio of 1.81, compared to 3.13M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.80% and a Short% of Float of 0.94%.
Earnings Estimates
As of right now, 15 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $2.05 for the current quarter, with a high estimate of $2.18 and a low estimate of $1.82, while EPS last year was $1.73. The consensus estimate for the next quarter is $2.1, with high estimates of $2.37 and low estimates of $1.87.
Analysts are recommending an EPS of between $8.5 and $7.35 for the fiscal current year, implying an average EPS of $8. EPS for the following year is $8.51, with 15 analysts recommending between $9.5 and $7.75.
Revenue Estimates
In the current quarter, 5 analysts expect revenue to total $3.82B. It ranges from a high estimate of $4.1B to a low estimate of $3.68B. As of the current estimate, Arch Capital Group Ltd’s year-ago sales were $3.42B, an estimated increase of 11.50% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $3.86B, an increase of 15.50% over than the figure of $11.50% in the same quarter last year. There is a high estimate of $3.98B for the next quarter, whereas the lowest estimate is $3.75B.
A total of 7 analysts have provided revenue estimates for ACGL’s current fiscal year. The highest revenue estimate was $15.95B, while the lowest revenue estimate was $14.43B, resulting in an average revenue estimate of $15.16B. In the same quarter a year ago, actual revenue was $13.47B, up 12.60% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $16.4B in the next fiscal year. The high estimate is $17.52B and the low estimate is $15.16B. The average revenue growth estimate for next year is up 8.20% from the average revenue estimate for this year.
