Arch Capital Group Ltd. , together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide.
Arch Capital Group stock last closed at $65.61, up 3.9% from the previous day, and has increased 39.15% in one year. It has overperformed other stocks in the Insurance - Diversified industry by 0.51 percentage points. Arch Capital Group stock is currently +59.83% from its 52-week low of $41.05, and -9.23% from its 52-week high of $72.28.
At the moment, there are 371.2M shares of ACGL outstanding. The market capitalization of ACGL is $24.35B. In the last 24 hours, 2.42M ACGL shares were traded.
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You can view all of the due diligence checks on ACGL's stock page.
You can use a variety of different financial metrics, analyses, models, and charts to gauge ACGL's true value.
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Out of 10 sell side analysts who give ratings on ACGL, the consensus analyst rating on ACGL is a Buy
Please keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.
Brian Meredith, a top 13% analyst from UBS maintains ACGL with a strong buy rating and raises their ACGL price target from $66.00 to $79.00, on Feb 21, 2023.
Maintaining his Strong Buy rating, Meredith raised his price target on Arch Capital Group Ltd. by 19.7% following the release of the company's Q4 2022 earnings report on 2023/02/13.
The company is well-positioned to take advantage of the favorable property insurance and reinsurance pricing environment, the analyst told investors.
Specifically, Arch Capital will use its "ample excess capital and room" to raise its Probable Maximum Loss* (PML) and drive both revenue and margin improvement coming out of 2023/01/01 renewals**, Meredith said, adding that the company also "has opportunities to grow in specialty lines and through its Lloyd's operations."
* From here: Probable maximum loss (PML) is the maximum loss that an insurer would be expected to incur on a policy. Probable maximum loss (PML) is most often associated with insurance policies on property, such as fire insurance or flood insurance.
** During the Q4 earnings call on 2023/02/16, management commented that the 2023/01/01 renewals, whose pricings were strong, were not included in its Q4 report and will be reflected in Q1 2023 results.
For Q4 2022, Arch Capital reported:
For FY 2022:
Management did not provide guidance in its press release or earnings call.
CFO Francois Morin commented on the earnings call: "Most of our lines of business still benefit from excellent market conditions, both in the US and internationally, and our expectations for the coming year remain very positive."
Meyer Shields, a top 17% analyst from Keefe, Bruyette & Woods maintains ACGL with a buy rating and raises their ACGL price target from $69.00 to $75.00, on Feb 16, 2023.
Elyse Greenspan, a top 4% analyst from Wells Fargo maintains ACGL with a strong buy rating and raises their ACGL price target from $72.00 to $78.00, on Feb 15, 2023.
Mark Dwelle, a top 8% analyst from RBC Capital maintains ACGL with a buy rating and raises their ACGL price target from $70.00 to $74.00, on Feb 15, 2023.
Tracy Benguigui, a top 17% analyst from Barclays maintains ACGL with a strong buy rating and raises their ACGL price target from $72.00 to $77.00, on Feb 15, 2023.
You can dive deeper into what analysts are forecasting on the Arch Capital Group stock forecast page.
Last year, ACGL earnings were $1.44B. In the past 5 year, ACGL's earnings have gone up by 22.74% per year. This was faster than the Insurance - Diversified industry average of 8.04%.
Last year, ACGL revenue was $9.61B. Over the last 5 year, ACGL's revenue has increased by 11.31% per year. This was faster than the Insurance - Diversified industry average of 0.28%.
Learn more about ACGL's earnings and revenue performance here.
Over the last 12 months, insiders at ACGL have bought more shares than they have sold.
David Gansberg, CEO GLOBAL MORTGAGE GROUP of ACGL, was the latest ACGL insider to sell. They sold $295,415.35 worth of ACGL stock on Mar 10, 2023.
Dig into more about who owns ACGL stock here.
No, Arch Capital Group doesn't provide an income stream by paying out dividends.
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