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5 Stocks to Buy From the Prospering P&C Insurance Industry
ZACKS· 2024-08-23 17:22
The Zacks Property and Casualty Insurance (P&C) industry is likely to benefit from better pricing, prudent underwriting and exposure growth. Industry players like Arch Capital Group Limited (ACGL) , W.R. Berkley Corporation (WRB) , RLI Corporation (RLI) , Axis Capital Holdings Limited (AXS) and Palomar Holdings (PLMR) are poised to grow despite a rise in catastrophic activities. Given an active catastrophe environment, the policy renewal rate should accelerate. Also, the increasing adoption of technology an ...
Are Finance Stocks Lagging Arch Capital Group (ACGL) This Year?
ZACKS· 2024-08-23 14:40
Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Is Arch Capital Group (ACGL) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Arch Capital Group is one of 860 companies in the Finance group. The Finance group currently sits at #1 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups ...
Arch Capital Group Ltd. (ACGL) Soars to 52-Week High, Time to Cash Out?
ZACKS· 2024-08-22 14:16
Have you been paying attention to shares of Arch Capital Group (ACGL) ? Shares have been on the move with the stock up 8.5% over the past month. The stock hit a new 52-week high of $104.72 in the previous session. Arch Capital Group has gained 40.8% since the start of the year compared to the 14% move for the Zacks Finance sector and the 23.8% return for the Zacks Insurance - Property and Casualty industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it h ...
Wall Street Analysts See Arch Capital (ACGL) as a Buy: Should You Invest?
ZACKS· 2024-08-16 14:35
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Arch Capital Group (ACGL) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Arch Capital currently has an average brokerage recom ...
Arch Capital (ACGL) Rallies 32% YTD: More Room for Growth?
ZACKS· 2024-08-14 18:01
Shares of Arch Capital Group Ltd. (ACGL) have rallied 31.6% year to date, outperforming the industry’s growth of 20.1%, the Finance sector’s rise of 8.4% and the Zacks S&P 500 composite’s increase of 14.1%. With a market capitalization of $36.7 billion, the average volume of shares traded in the last three months was 1.6 million.New business opportunities, rate improvement, growth in existing accounts and a solid capital position drive this Zacks Rank #2 (Buy) insurer, which has the potential to retain the ...
Buy 5 Property & Casualty Insurers to Enhance Your Portfolio
ZACKS· 2024-08-14 14:05
The Property and Casualty (P&C) insurance space is set to benefit from better pricing, prudent underwriting, increased exposure, an improving rate environment and a solid capital position. With the ongoing economic expansion, insurers remain well-poised for growth. The Zacks-defined Property & Casualty Insurance Industry is currently in the top 24% of the Zacks Industry Rank. In the past year, the industry has provided 19.7% returns, while its year-to-date return is 19.5%. Since it is ranked in the top half ...
Arch Capital (ACGL) Upgraded to Buy: Here's Why
ZACKS· 2024-08-07 17:00
Arch Capital Group (ACGL) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual ...
Is Arch Capital Group (ACGL) Stock Outpacing Its Finance Peers This Year?
ZACKS· 2024-08-07 14:40
Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Arch Capital Group (ACGL) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.Arch Capital Group is a member of our Finance group, which includes 860 different companies ...
Arch Capital .(ACGL) - 2024 Q2 - Quarterly Report
2024-08-06 20:38
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-16209 ARCH CAPITAL GROUP LTD. (Exact name of registrant as specified in its charter) Bermuda 98-0374481 (State or other jurisdiction of incorporation or organization) (I.R.S ...
Arch Capital .(ACGL) - 2024 Q2 - Earnings Call Transcript
2024-07-31 18:13
Arch Capital Group Ltd. (NASDAQ:ACGL) Q2 2024 Earnings Conference Call July 31, 2024 11:00 AM ET Company Participants Marc Grandisson - Chief Executive Officer Francois Morin - Chief Financial Officer Conference Call Participants Elyse Greenspan - Wells Fargo Jamminder Bhullar - JPMorgan Joshua Shanker - Bank of America Michael Zaremski - BMO Capital Markets David Motemaden - Evercore ISI Charles Lederer - Citigroup Inc. Andrew Kligerman - TD Cowen Brian Meredith - UBS Meyer Shields - Keefe, Bruyette & Wood ...