Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
Arch Capital Group Ltd (NASDAQ: ACGL) closed the day trading at $90.16 up 2.15% from the previous closing price of $88.26. In other words, the price has increased by $2.15 from its previous closing price. On the day, 1.73 million shares were traded.
Ratios:
For a better understanding of ACGL, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.13 whereas as Long-Term Debt/Eq ratio is at 0.13.
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, Barclays on September 05, 2024, initiated with a Equal Weight rating and assigned the stock a target price of $120.
On August 23, 2024, ROTH MKM reiterated its Buy rating and also lowered its target price recommendation from $110 to $125.
On January 10, 2024, TD Cowen started tracking the stock assigning a Outperform rating and target price of $96.TD Cowen initiated its Outperform rating on January 10, 2024, with a $96 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 16 ’24 when Morin Francois sold 11,460 shares for $102.46 per share. The transaction valued at 1,174,170 led to the insider holds 221,779 shares of the business.
Morin Francois bought 11,460 shares of ACGL for $1,174,170 on Aug 16 ’24. On May 06 ’24, another insider, Gansberg David, who serves as the CEO, GLOBAL MORTGAGE GROUP of the company, sold 10,000 shares for $96.64 each. As a result, the insider received 966,444 and left with 228,035 shares of the company.
Valuation Measures:
As of this moment, Arch’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.06, and their Forward P/E ratio for the next fiscal year is 9.44. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.09. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.01 while its Price-to-Book (P/B) ratio in mrq is 1.70.
Stock Price History:
Over the past 52 weeks, ACGL has reached a high of $110.75, while it has fallen to a 52-week low of $79.04. The 50-Day Moving Average of the stock is -3.23%, while the 200-Day Moving Average is calculated to be -6.94%.
Shares Statistics:
A total of 376.40M shares are outstanding, with a floating share count of 363.49M. Insiders hold about 3.39% of the company’s shares, while institutions hold 90.52% stake in the company.
