Core Insights - Arch Capital Group reported revenue of $4.38 billion for the quarter ended September 2024, reflecting a year-over-year increase of 24.6% and surpassing the Zacks Consensus Estimate by 8.12% [1] - The company's EPS for the quarter was $1.99, down from $2.31 in the same quarter last year, but above the consensus estimate of $1.94 by 2.58% [1] Financial Performance Metrics - Combined Ratio - Total: 86.6%, better than the average estimate of 87.1% [3] - Loss Ratio - Total: 60.5%, higher than the estimated 58.6% [3] - Expense Ratio - Other Operating Expense Ratio: 8.9%, lower than the average estimate of 9.8% [3] - Combined Ratio - Insurance Segment: 93.1%, compared to the average estimate of 96.4% [3] - Net premiums earned: $3.97 billion, exceeding the estimate of $3.66 billion, with a year-over-year increase of 22.2% [3] - Net investment income: $399 million, surpassing the estimate of $372.52 million, with a year-over-year change of 48.3% [3] - Equity in net income (loss) of investment funds: $171 million, significantly higher than the estimate of $56.80 million, representing a year-over-year change of 189.8% [3] - Other underwriting income: $5 million, above the average estimate of $3.73 million [3] - Net premiums earned - Insurance Segment: $1.77 billion, exceeding the estimate of $1.54 billion, with a year-over-year increase of 25% [3] - Net premiums earned - Reinsurance Segment: $1.89 billion, slightly above the estimate of $1.84 billion, with a year-over-year change of 22.6% [3] - Net premiums earned - Mortgage Segment: $313 million, exceeding the estimate of $279.90 million, with a year-over-year increase of 6.8% [3] - Other income: $8 million, above the estimate of $4.67 million, but reflecting a year-over-year change of -300% [3] Stock Performance - Arch Capital's shares have returned -7.7% over the past month, contrasting with the Zacks S&P 500 composite's +1.8% change [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [4]

Core Viewpoint - Arch Capital Group (ACGL) reported quarterly earnings of $1.99 per share, exceeding the Zacks Consensus Estimate of $1.94 per share, but down from $2.31 per share a year ago, indicating a 13.9% year-over-year decline [1] - The company achieved revenues of $4.38 billion for the quarter, surpassing the Zacks Consensus Estimate by 8.12% and showing a significant increase from $3.51 billion year-over-year [2] Group 1: Earnings Performance - Arch Capital's earnings surprise for the quarter was 2.58%, following a previous quarter where it exceeded expectations by 18.43% [1][2] - The company has consistently surpassed consensus EPS estimates over the last four quarters [2] Group 2: Revenue Performance - The reported revenue of $4.38 billion represents a 24.6% increase from the same quarter last year [2] - Arch Capital has topped consensus revenue estimates three times in the last four quarters [2] Group 3: Stock Performance and Outlook - Arch Capital shares have increased approximately 41.1% year-to-date, outperforming the S&P 500's gain of 22.3% [3] - The future stock price movement will largely depend on management's commentary during the earnings call [3][4] Group 4: Earnings Estimates and Industry Outlook - Current consensus EPS estimate for the upcoming quarter is $2.30, with expected revenues of $4.23 billion, and for the current fiscal year, the estimates are $9.12 EPS on $16.05 billion revenues [7] - The Zacks Industry Rank for Insurance - Property and Casualty is in the top 38% of over 250 industries, indicating a favorable outlook for the sector [8]

[I. Financial Highlights](index=3&type=section&id=I.%20Financial%20Highlights) [Financial Highlights](index=3&type=section&id=Financial%20Highlights) The company saw strong nine-month growth in premiums and net income, though Q3 underwriting income declined due to a higher combined ratio Q3 2024 vs. Q3 2023 Performance | Metric | Q3 2024 | Q3 2023 | Change | | :--- | :--- | :--- | :--- | | Gross Premiums Written | $5,440M | $4,527M | 20.2% | | Net Premiums Earned | $3,970M | $3,248M | 22.2% | | Underwriting Income | $538M | $721M | (25.4)% | | Net Income to Common Shareholders | $978M | $713M | 37.2% | | Diluted EPS | $2.56 | $1.88 | 36.2% | | Combined Ratio | 86.6% | 77.9% | +8.7 pts | Nine Months Ended Sep 30, 2024 vs. 2023 Performance | Metric | Nine Months 2024 | Nine Months 2023 | Change | | :--- | :--- | :--- | :--- | | Gross Premiums Written | $16,755M | $14,152M | 18.4% | | Net Premiums Earned | $10,957M | $9,096M | 20.5% | | Underwriting Income | $2,036M | $1,897M | 7.3% | | Net Income to Common Shareholders | $3,347M | $2,079M | 61.0% | | Diluted EPS | $8.78 | $5.50 | 59.6% | | Combined Ratio | 81.6% | 79.4% | +2.2 pts | - Net cash provided by operating activities increased by **24.9% to $5.1 billion** for the first nine months of 2024, up from $4.1 billion in the prior-year period[5](index=5&type=chunk) [II. Consolidated Financial Statements](index=4&type=section&id=II.%20Consolidated%20Financial%20Statements) [Consolidated Statements of Income](index=4&type=section&id=a.%20Consolidated%20Statements%20of%20Income) Nine-month revenue and net income grew substantially, driven by higher net premiums earned and net investment income Nine Months Ended September 30 - Income Statement Highlights | Metric | 2024 | 2023 | Change | | :--- | :--- | :--- | :--- | | Net Premiums Earned | $10,957M | $9,096M | 20.5% | | Net Investment Income | $1,090M | $710M | 53.5% | | Total Revenues | $12,892M | $9,659M | 33.5% | | Total Expenses | ($9,355M) | ($7,462M) | 25.4% | | Net Income to Common Shareholders | $3,347M | $2,079M | 61.0% | | Diluted EPS | $8.78 | $5.50 | 59.6% | [Consolidated Balance Sheets](index=5&type=section&id=b.%20Consolidated%20Balance%20Sheets) Total assets and shareholders' equity grew significantly as of September 30, 2024, boosting book value per common share Balance Sheet Comparison | Metric | Sep 30, 2024 | Sep 30, 2023 | Change | | :--- | :--- | :--- | :--- | | Total Investments | $41,903M | $31,380M | 33.5% | | Total Assets | $73,656M | $55,227M | 33.4% | | Total Liabilities | $51,382M | $39,986M | 28.5% | | Total Shareholders' Equity | $22,274M | $15,239M | 46.2% | | Book Value per Common Share | $57.00 | $38.62 | 47.6% | [Consolidated Statements of Changes in Shareholders' Equity](index=6&type=section&id=c.%20Consolidated%20Statements%20of%20Changes%20in%20Shareholders'%20Equity) Shareholders' equity increased by $3.9 billion in the first nine months of 2024, primarily driven by net income Shareholders' Equity Roll-Forward (Nine Months Ended Sep 30, 2024) | Item | Amount (in millions) | | :--- | :--- | | Beginning Equity (Dec 31, 2023) | $18,353 | | Net Income | $3,377 | | Change in AOCI | $500 | | Share-based Compensation & Other | $138 | | Share Repurchases | ($40) | | Preferred Dividends | ($30) | | **Ending Equity (Sep 30, 2024)** | **$22,274** | [Consolidated Statements of Cash Flows](index=7&type=section&id=d.%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operations increased to $5.1 billion for the first nine months of 2024, reflecting strong business performance Cash Flow Summary (Nine Months Ended Sep 30) | Activity | 2024 | 2023 | | :--- | :--- | :--- | | Net Cash from Operating Activities | $5,100M | $4,084M | | Net Cash used for Investing Activities | ($4,881M) | ($3,936M) | | Net Cash used for Financing Activities | ($35M) | ($52M) | [III. Segment Information](index=8&type=section&id=III.%20Segment%20Information) [Overview](index=8&type=section&id=a.%20Overview) The company operates through Insurance, Reinsurance, and Mortgage segments, with performance evaluated based on underwriting income - The company's three core operating segments are Insurance, Reinsurance, and Mortgage, which offer specialty commercial products, worldwide reinsurance, and mortgage credit solutions, respectively[11](index=11&type=chunk)[12](index=12&type=chunk)[14](index=14&type=chunk) - Management measures segment performance based on underwriting income, while investment income is managed at the corporate level and not allocated to segments[10](index=10&type=chunk) [Consolidated Segment Results](index=9&type=section&id=b.%20Consolidated%20Results) The Reinsurance segment led in premiums written, while the Mortgage segment generated the highest underwriting income in Q3 2024 Q3 2024 Segment Performance | Segment | Net Premiums Written | Underwriting Income | Combined Ratio | | :--- | :--- | :--- | :--- | | Insurance | $1,820M | $120M | 93.1% | | Reinsurance | $1,945M | $149M | 92.3% | | Mortgage | $282M | $269M | 14.8% | Nine Months 2024 Segment Performance | Segment | Net Premiums Written | Underwriting Income | Combined Ratio | | :--- | :--- | :--- | :--- | | Insurance | $4,920M | $315M | 93.3% | | Reinsurance | $6,158M | $894M | 83.4% | | Mortgage | $835M | $827M | 12.2% | [Insurance Segment Results](index=13&type=section&id=c.%20Insurance%20Segment%20Results) The Insurance segment's net premiums written grew, but its combined ratio increased due to higher catastrophe losses Insurance Segment Key Metrics (Q3 2024 vs. Q3 2023) | Metric | Q3 2024 | Q3 2023 | Change | | :--- | :--- | :--- | :--- | | Net Premiums Written | $1,820M | $1,522M | 19.6% | | Underwriting Income | $120M | $129M | (7.0)% | | Combined Ratio | 93.1% | 90.9% | +2.2 pts | - The combined ratio excluding catastrophic activity and prior year development was **88.9% in Q3 2024**, compared to 89.1% in Q3 2023[21](index=21&type=chunk) - North America operations represented **71.5% of the segment's net premiums written** in Q3 2024, with International operations accounting for the remaining 28.5%[23](index=23&type=chunk) [Reinsurance Segment Results](index=15&type=section&id=d.%20Reinsurance%20Segment%20Results) The Reinsurance segment's net premiums written grew strongly, but its combined ratio deteriorated significantly due to catastrophe events Reinsurance Segment Key Metrics (Q3 2024 vs. Q3 2023) | Metric | Q3 2024 | Q3 2023 | Change | | :--- | :--- | :--- | :--- | | Net Premiums Written | $1,945M | $1,562M | 24.5% | | Underwriting Income | $149M | $310M | (51.9)% | | Combined Ratio | 92.3% | 80.0% | +12.3 pts | - The Q3 2024 combined ratio was heavily impacted by **19.3 points from current accident year catastrophic events**, compared to a 9.3 point impact in Q3 2023[25](index=25&type=chunk) - By line of business, **'Other specialty' (39.5%)** and **'Property excluding property catastrophe' (34.5%)** were the largest contributors to net premiums written in Q3 2024[26](index=26&type=chunk) [Mortgage Segment Results](index=17&type=section&id=e.%20Mortgage%20Segment%20Results) The Mortgage segment delivered strong underwriting income and a very low combined ratio, benefiting from favorable prior year development Mortgage Segment Key Metrics (Q3 2024 vs. Q3 2023) | Metric | Q3 2024 | Q3 2023 | Change | | :--- | :--- | :--- | :--- | | Net Premiums Written | $282M | $271M | 4.1% | | Underwriting Income | $269M | $282M | (4.6)% | | Combined Ratio | 14.8% | 4.7% | +10.1 pts | - The combined ratio excluding prior year development was **37.6% in Q3 2024**, compared to 38.2% in Q3 2023[27](index=27&type=chunk) - U.S. primary mortgage insurance Risk In Force (RIF) was **$76.4 billion** as of September 30, 2024, with a weighted average FICO score of 748 and a weighted average LTV of 93.1%[29](index=29&type=chunk)[31](index=31&type=chunk) - The delinquency rate for insured loans in the U.S. primary mortgage business was **1.96%** at the end of Q3 2024, up from 1.65% at the end of Q3 2023[32](index=32&type=chunk) [Consolidated Underwriting Results](index=22&type=section&id=f.%20Segment%20Consolidated%20Results) The consolidated combined ratio increased significantly in Q3 2024, driven primarily by higher catastrophic event losses Consolidated Underwriting Ratios (Q3 2024 vs. Q3 2023) | Ratio | Q3 2024 | Q3 2023 | | :--- | :--- | :--- | | Loss Ratio | 60.5% | 50.7% | | Acquisition Expense Ratio | 17.2% | 17.7% | | Other Operating Expense Ratio | 8.9% | 9.5% | | **Combined Ratio** | **86.6%** | **77.9%** | - The combined ratio excluding catastrophic activity and prior year development was **78.3% in Q3 2024**, compared to 77.0% in Q3 2023[36](index=36&type=chunk) [Selected Information on Losses and Loss Adjustment Expenses](index=23&type=section&id=g.%20Selected%20Information%20on%20Losses%20and%20Loss%20Adjustment%20Expenses) Q3 2024 results included $450 million in catastrophe losses, primarily in the Reinsurance segment, partially offset by favorable prior year development Q3 2024 Loss Development & Catastrophes (in millions) | Segment | Net Favorable Prior Year Development | Current Year Catastrophe Losses | | :--- | :--- | :--- | | Insurance | ($12) | $86 | | Reinsurance | ($36) | $364 | | Mortgage | ($71) | N/A | | **Total** | **($119)** | **$450** | - Catastrophic events added **11.3 points** to the consolidated combined ratio in Q3 2024, while favorable prior year development reduced it by **3.0 points**[38](index=38&type=chunk) [IV. Investment Information](index=24&type=section&id=IV.%20Investment%20Information) [Investable Asset Summary and Investment Portfolio Metrics](index=24&type=section&id=a.%20Investable%20Asset%20Summary%20and%20Investment%20Portfolio%20Metrics) Total investable assets reached $42.8 billion, consisting primarily of high-quality fixed maturities with a short effective duration Composition of Investable Assets (Sep 30, 2024) | Asset Class | Amount (in millions) | % of Total | | :--- | :--- | :--- | | Total Fixed Maturities | $29,531 | 69.1% | | Investments using Equity Method | $5,244 | 12.3% | | Total Short-term Investments | $3,402 | 8.0% | | Total Equity Securities | $1,630 | 3.8% | | Other | $3,121 | 7.3% | | **Total Investable Assets** | **$42,751** | **100.0%** | - Key portfolio metrics as of September 30, 2024 include an average effective duration of **2.68 years** and an average S&P/Moody's credit rating of **AA-/Aa3**[40](index=40&type=chunk) [Composition of Net Investment Income, Yield and Total Return](index=25&type=section&id=b.%20Composition%20of%20Net%20Investment%20Income,%20Yield%20and%20Total%20Return) Net investment income increased significantly in Q3 2024, driven by higher income from fixed maturities and a strong total return Net Investment Income (Q3 2024 vs. Q3 2023) | Source | Q3 2024 | Q3 2023 | | :--- | :--- | :--- | | Fixed Maturities | $340M | $243M | | Short-term Investments | $38M | $19M | | Other | $44M | $27M | | Investment Expenses | ($23M) | ($20M) | | **Net Investment Income** | **$399M** | **$269M** | - The pre-tax investment income yield was **4.40% for Q3 2024**, up from 3.68% in Q3 2023[42](index=42&type=chunk) [Composition of Fixed Maturities](index=26&type=section&id=c.%20Composition%20of%20Fixed%20Maturities) The $29.5 billion fixed maturity portfolio is primarily allocated to corporate bonds and U.S. government securities Fixed Maturity Portfolio by Type (Sep 30, 2024) | Security Type | Fair Value (in millions) | % of Total | | :--- | :--- | :--- | | Corporates | $15,081 | 51.1% | | U.S. Government & Agencies | $5,867 | 19.9% | | Asset-backed Securities | $2,989 | 10.1% | | Non-U.S. Government | $2,861 | 9.7% | | Other | $2,733 | 9.2% | | **Total** | **$29,531** | **100.0%** | [Credit Quality Distribution and Maturity Profile](index=27&type=section&id=d.%20Credit%20Quality%20Distribution%20and%20Maturity%20Profile) The fixed maturity portfolio maintains high credit quality, with a concentration in short-to-medium term maturities - The credit quality of the fixed maturity portfolio is strong, with **77.1% rated 'A' or higher** (including U.S. government/agencies)[45](index=45&type=chunk) - The majority of the portfolio (**55.0%**) has a maturity of one to five years, indicating a relatively low duration risk[45](index=45&type=chunk) [Analysis of Corporate Exposures](index=28&type=section&id=e.%20Analysis%20of%20Corporate%20Exposures) The corporate bond portfolio is concentrated in the Industrials and Financials sectors, with diversified issuer exposure - The corporate bond portfolio is concentrated in two main sectors: **Industrials (54.0%)** and **Financials (34.5%)**[47](index=47&type=chunk) Top 5 Corporate Issuers by Fair Value (Sep 30, 2024) | Issuer | Fair Value (in millions) | % of Investable Assets | | :--- | :--- | :--- | | JPMorgan Chase & Co. | $412 | 1.0% | | Morgan Stanley | $359 | 0.8% | | Bank of America Corporation | $332 | 0.8% | | The Goldman Sachs Group, Inc. | $263 | 0.6% | | Citigroup Inc. | $257 | 0.6% | [Structured Securities](index=29&type=section&id=f.%20Structured%20Securities) The structured securities portfolio grew to $5.4 billion and is primarily composed of highly-rated asset-backed and mortgage-backed securities Structured Securities Composition (Sep 30, 2024) | Security Type | Total Fair Value (in millions) | | :--- | :--- | | Asset-backed securities | $2,989 | | Residential mortgage-backed securities | $1,313 | | Commercial mortgage-backed securities | $1,146 | | **Total** | **$5,448** | [V. Other Information](index=30&type=section&id=V.%20Other) [Comments on Non-GAAP Financial Measures](index=30&type=section&id=a.%20Comments%20on%20Non-GAAP%20Financial%20Measures) The company uses non-GAAP measures like after-tax operating income to provide insight into core business performance - Management uses **after-tax operating income** to evaluate performance, as it excludes items not indicative of the insurance underwriting process[52](index=52&type=chunk) - Other non-GAAP measures include underwriting income and adjusted combined ratios to analyze the performance of the underwriting segments[52](index=52&type=chunk) [Operating Income Reconciliation and Annualized Operating Return on Average Common Equity](index=31&type=section&id=b.%20Operating%20Income%20Reconciliation%20and%20Annualized%20Operating%20Return%20on%20Average%20Common%20Equity) After-tax operating income was $762 million in Q3 2024, resulting in an annualized operating return on average common equity of 14.8% Reconciliation of Net Income to After-tax Operating Income (Q3 2024) | Item | Amount (in millions) | | :--- | :--- | | Net Income to Common Shareholders | $978 | | Less: Net Realized Gains | ($169) | | Less: Equity Method Investment Income | ($171) | | Add: Net Foreign Exchange Losses | $63 | | Add: Transaction Costs | $30 | | Add: Income Tax Impact | $31 | | **After-tax Operating Income** | **$762** | - The annualized operating return on average common equity was **14.8% for Q3 2024**, compared to the annualized net income return of 19.0%[53](index=53&type=chunk) [Operating Income and Effective Tax Rate Calculations](index=32&type=section&id=c.%20Operating%20Income%20and%20Effective%20Tax%20Rate%20Calculations) Pre-tax operating income for Q3 2024 was $839 million after adjusting for non-operating items like realized gains and foreign exchange effects Calculation of Pre-tax Operating Income (Q3 2024) | Item | Amount (in millions) | | :--- | :--- | | Income before income taxes | $1,050 | | Adjustments (Gains, FX, etc.) | ($241) | | Income from operating affiliates | $36 | | **Pre-tax operating income** | **$839** | [Capital Structure and Share Repurchases](index=33&type=section&id=Capital%20Structure%20and%20Share%20Repurchases) The company maintained a strong capital position with a debt-to-total capital ratio of 10.9% and did not repurchase shares in Q3 2024 Capital Structure Summary (Sep 30, 2024) | Component | Amount (in millions) | | :--- | :--- | | Total Debt | $2,727 | | Total Shareholders' Equity | $22,274 | | **Total Capital** | **$25,001** | - Key leverage and value metrics as of September 30, 2024 include a **Debt/Total Capital ratio of 10.9%** and a **Book Value per Common Share of $57.00**[57](index=57&type=chunk) - The company had a **$1.0 billion share repurchase authorization** remaining, effective through December 31, 2024, with no shares repurchased in Q3 2024[58](index=58&type=chunk)

Core Viewpoint - Analysts project Arch Capital Group (ACGL) will report quarterly earnings of $1.98 per share, a decline of 14.3% year over year, with revenues expected to reach $4.04 billion, an increase of 14.9% from the same quarter last year [1] Earnings Estimates - The consensus EPS estimate for the quarter has been adjusted downward by 1% over the past 30 days, indicating a reassessment by covering analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions to the stock [3] Revenue Projections - Consensus estimate for 'Revenues- Net investment income' is $372.52 million, reflecting a change of +38.5% from the prior-year quarter [5] - 'Revenues- Net premiums earned' are forecasted to reach $3.65 billion, indicating a change of +12.3% from the year-ago quarter [5] - 'Revenues- Net premiums earned- Insurance Segment' is expected to be $1.52 billion, a change of +7.6% from the year-ago quarter [5] - 'Revenues- Net premiums earned- Reinsurance Segment' is projected at $1.84 billion, showing a change of +19.5% from the prior-year quarter [6] Loss and Expense Ratios - The 'Loss Ratio - Total' is expected to reach 58.6%, compared to 50.7% from the previous year [6] - The estimated 'Combined Ratio - Total' is 87.0%, up from 77.9% year-over-year [6] - 'Expense Ratio - Other Operating Expense Ratio' is projected at 9.8%, compared to 9.5% last year [7] - 'Expense Ratio - Total Acquisition Expense Ratio' is expected to be 18.8%, up from 17.7% year-over-year [7] - 'Combined Ratio - Mortgage Segment' is projected to reach 25.4%, significantly higher than 4.7% from the previous year [7] Underwriting Ratios - 'Underwriting Expense Ratio - Other Operating Expense Ratio - Mortgage Segment' is likely to be 16.1%, slightly down from 16.2% last year [8] - 'Underwriting Expense Ratio - Total' is expected to be 28.3%, compared to 27.2% from the same quarter last year [8] Market Performance - Shares of Arch Capital have decreased by 7.2% in the past month, contrasting with a +2% move of the Zacks S&P 500 composite [9] - With a Zacks Rank 3 (Hold), ACGL is anticipated to mirror the overall market performance in the near future [9]

Arch Capital Group Ltd. (ACGL) is slated to report third-quarter 2024 earnings on Oct. 30, after market close. The insurer delivered an earnings surprise in each of the last four quarters, the average beat being 28.93%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Factors to ConsiderIncreases in most lines of business due in part to new business opportunities and rate changes and growth in existing accounts in the Insurance and Reinsurance segments are likely to have favored net p ...

Arch Capital Group (ACGL) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on October 30, 2024, might help the stock move higher if these key numbers are bet ...

The most recent trading session ended with Arch Capital Group (ACGL) standing at $107.79, reflecting a -0.65% shift from the previouse trading day's closing. This change lagged the S&P 500's daily loss of 0.05%. Elsewhere, the Dow lost 0.02%, while the tech-heavy Nasdaq added 0.18%.The property and casualty insurer's stock has dropped by 4.54% in the past month, exceeding the Finance sector's loss of 4.85% and lagging the S&P 500's gain of 2.76%.The investment community will be paying close attention to the ...

Arch Capital Group (ACGL) closed the most recent trading day at $107.47, moving -0.55% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.47% for the day. Meanwhile, the Dow experienced a rise of 0.79%, and the technology-dominated Nasdaq saw an increase of 0.28%.Shares of the property and casualty insurer have depreciated by 5.18% over the course of the past month, underperforming the Finance sector's loss of 3.28% and the S&P 500's gain of 3.48%.Investors ...

Editor's note: Seeking Alpha is proud to welcome Pythia Research as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access.Pythia Research offers a unique perspective by combining a deep social sciences and psychology background with hands-on portfolio management and stock analysis expertise. Initially rooted in the behavioral sciences, Pythia’s journey began w ...

Arch Capital Group (ACGL) ended the recent trading session at $113.90, demonstrating a +0.72% swing from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily loss of 0.21%. On the other hand, the Dow registered a loss of 0.14%, and the technology-centric Nasdaq decreased by 0.05%.Shares of the property and casualty insurer have appreciated by 3.04% over the course of the past month, outperforming the Finance sector's loss of 4.48% and lagging the S&P 500's gain of ...