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Arch Capital Group (ACGL) Increases Despite Market Slip: Here's What You Need to Know
ZACKS· 2024-06-24 23:21
The latest trading session saw Arch Capital Group (ACGL) ending at $102.43, denoting a +0.53% adjustment from its last day's close. This change outpaced the S&P 500's 0.31% loss on the day. Elsewhere, the Dow gained 0.67%, while the tech-heavy Nasdaq lost 1.09%.The property and casualty insurer's shares have seen a decrease of 1.42% over the last month, surpassing the Finance sector's loss of 1.77% and falling behind the S&P 500's gain of 2.73%.The upcoming earnings release of Arch Capital Group will be of ...
Why Arch Capital Group (ACGL) Outpaced the Stock Market Today
ZACKS· 2024-06-18 23:05
Company Performance - Arch Capital Group (ACGL) closed at $100.80, with a gain of +1.6% from the previous trading session, outperforming the S&P 500's gain of 0.25% [1] - Over the past month, shares of Arch Capital Group have decreased by 0.96%, while the Finance sector has lost 2.3% and the S&P 500 has gained 3.34% [1] - The upcoming earnings release is expected to show an EPS of $2.16, a 12.5% increase year-over-year, and projected revenue of $3.9 billion, reflecting a 21.62% rise from the same quarter last year [1] Fiscal Year Estimates - For the entire fiscal year, earnings are projected at $8.55 per share and revenue at $16 billion, indicating changes of +1.18% and +18.58% from the prior year [2] - Recent changes to analyst estimates indicate positive revisions, reflecting optimism about the company's business and profitability [2] Valuation Metrics - Arch Capital Group has a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate having increased by 0.02% in the past month [3] - The company is currently trading at a Forward P/E ratio of 11.6, which is below the industry average of 12.3, suggesting it is trading at a discount [3] - The PEG ratio for Arch Capital Group is 1.7, compared to the industry average PEG ratio of 1.49 [3] Industry Overview - The Insurance - Property and Casualty industry is part of the Finance sector and holds a Zacks Industry Rank of 20, placing it in the top 8% of over 250 industries [4] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]
PITTCO ANNOUNCES ACQUISITION OF MINORITY INTEREST IN PERSHING SQUARE
Prnewswire· 2024-06-13 14:00
MEMPHIS, Tenn., June 13, 2024 /PRNewswire/ -- Pittco Management, LLC ("Pittco") is pleased to announce its equity investment in Pershing Square through a primary equity sale transaction. Pershing Square Capital Management, L.P. ("PSCM") sold a 10% common equity interest in Pershing Square Holdco, L.P. ("Pershing Square")—a newly formed limited partnership owning 100% of PSCM—to a consortium of strategic investors for $1.045 billion. In addition to Pittco, this consortium includes Arch Capital Group Ltd. (NA ...
Arch Capital Group (ACGL) Stock Declines While Market Improves: Some Information for Investors
ZACKS· 2024-06-11 23:01
Arch Capital Group (ACGL) closed at $99.58 in the latest trading session, marking a -0.99% move from the prior day. This change lagged the S&P 500's daily gain of 0.27%. Elsewhere, the Dow saw a downswing of 0.31%, while the tech-heavy Nasdaq appreciated by 0.88%.The the stock of property and casualty insurer has risen by 2.73% in the past month, leading the Finance sector's loss of 0.29% and undershooting the S&P 500's gain of 2.85%.The upcoming earnings release of Arch Capital Group will be of great inter ...
Arch Capital (ACGL) Rises 35% YTD: Can It Retain the Upside?
ZACKS· 2024-06-11 17:05
Arch Capital Group Ltd. (ACGL) , banking on the strength of new business opportunities, rate improvement, growth in existing accounts and a solid capital position, has performed well so far this year and has the potential to retain the momentum ahead.Shares have rallied 35.4% year to date, outperforming the industry’s growth of 15.9%, the Finance sector’s rise of 4% and the Zacks S&P 500 composite’s increase of 12.4%. With a market capitalization of $37.5 billion, the average volume of shares traded in the ...
Arch Capital Group (ACGL) Stock Dips While Market Gains: Key Facts
ZACKS· 2024-06-05 23:01
The latest trading session saw Arch Capital Group (ACGL) ending at $99.68, denoting a -1.17% adjustment from its last day's close. This change lagged the S&P 500's daily gain of 1.19%. On the other hand, the Dow registered a gain of 0.25%, and the technology-centric Nasdaq increased by 1.96%.The property and casualty insurer's stock has climbed by 2.7% in the past month, exceeding the Finance sector's gain of 1.86% and lagging the S&P 500's gain of 3.35%.The investment community will be paying close attenti ...
Here's Why Arch Capital Group (ACGL) is a Strong Value Stock
ZACKS· 2024-06-03 14:46
Group 1: Zacks Premium Overview - Zacks Premium offers various tools for investors to enhance their stock market strategies, including daily updates on Zacks Rank and Industry Rank, Equity Research reports, and Premium stock screens [1] - The service includes Zacks Style Scores, which help investors identify stocks with the highest potential to outperform the market [2] Group 2: Zacks Style Scores - Zacks Style Scores rate stocks based on value, growth, and momentum characteristics, assigning ratings from A to F, with A indicating the highest potential for outperformance [2][3] - The Value Score focuses on identifying undervalued stocks using financial ratios like P/E and Price/Sales [2] - The Growth Score assesses a company's financial health and future outlook based on earnings and sales projections [3] - The Momentum Score evaluates stocks based on price trends and earnings estimate changes to identify favorable investment opportunities [3] - The VGM Score combines the three Style Scores to highlight stocks with attractive value, growth, and momentum characteristics [4] Group 3: Zacks Rank and Style Scores Integration - The Zacks Rank is a proprietary model that uses earnings estimate revisions to help investors build successful portfolios, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988 [5] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal investment potential [6] Group 4: Company Spotlight - Arch Capital Group (ACGL) - Arch Capital Group Ltd., established in 1995 and headquartered in Bermuda, provides a range of insurance and reinsurance products globally [7] - ACGL currently holds a Zacks Rank of 3 (Hold) and has a VGM Score of A, with a Value Style Score of B due to a forward P/E ratio of 12 [7] - For fiscal 2024, ACGL's earnings estimate has been revised upwards by seven analysts, increasing the Zacks Consensus Estimate by $0.55 to $8.55 per share, with an average earnings surprise of 28.4% [8]
Why Is Arch Capital (ACGL) Up 9.3% Since Last Earnings Report?
zacks.com· 2024-05-29 16:35
It has been about a month since the last earnings report for Arch Capital Group (ACGL) . Shares have added about 9.3% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Arch Capital due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Arch Capital Q1 Earnings Beat on Soli ...
Is the Options Market Predicting a Spike in Arch Capital (ACGL) Stock?
zacks.com· 2024-05-28 13:36
Group 1 - Arch Capital Group Ltd. (ACGL) is experiencing significant activity in the options market, particularly with the Jun 21, 2024 $45.00 Put showing high implied volatility, indicating potential for a major price movement [1] - Implied volatility reflects market expectations for future stock movement, suggesting that investors anticipate a significant event that could lead to a rally or sell-off [2] - Arch Capital holds a Zacks Rank 3 (Hold) in the Insurance - Property and Casualty industry, which is in the top 14% of the Zacks Industry Rank, with recent earnings estimates for the current quarter increasing from $2.11 to $2.21 per share [3] Group 2 - The high implied volatility may indicate a developing trading opportunity, as options traders often seek to sell premium on options with such volatility, aiming to benefit from time decay [4]
Arch Capital Group (ACGL) is a Top-Ranked Growth Stock: Should You Buy?
zacks.com· 2024-05-27 14:51
Core Insights - Zacks Premium provides tools for investors to enhance their stock market engagement and confidence through various resources like daily updates, research reports, and stock screens [1] Zacks Style Scores - Zacks Style Scores rate stocks based on value, growth, and momentum, offering an alphabetic rating from A to F, where A indicates the highest potential for market outperformance [2] - The Value Score focuses on identifying undervalued stocks using financial ratios such as P/E and Price/Sales [2] - The Growth Score assesses a company's financial health and future outlook through projected earnings and sales [3] - The Momentum Score identifies trends in stock prices and earnings estimates to optimize entry points for investments [3] - The VGM Score combines all three Style Scores, providing a comprehensive indicator for selecting stocks with attractive value, growth, and momentum [4] Zacks Rank - The Zacks Rank is a proprietary model that leverages earnings estimate revisions to guide investors, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [5] - Investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal returns [6] - Stocks with lower ranks, even with good Style Scores, may still face downward price pressure due to negative earnings forecasts [6] Company Spotlight: Arch Capital Group (ACGL) - Arch Capital Group, established in 1995, provides a range of insurance and reinsurance products globally, focusing on specialty lines [8] - Currently rated 3 (Hold) by Zacks, ACGL has a VGM Score of A and a Growth Style Score of B, with a projected year-over-year earnings growth of 1.2% for the current fiscal year [8] - Recent upward revisions by seven analysts have increased the Zacks Consensus Estimate for ACGL to $8.55 per share, with an average earnings surprise of 28.4% [9]