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ACGL or ALL: Which P&C Insurance Stock Should You Buy Now?
zacks.com· 2024-05-24 18:16
Increased exposure, higher retention, streamlined operations, global presence, better pricing, solid underwriting and a strong capital position have helped the Zacks Property and Casualty Insurance industry perform well. The industry has risen 13% year to date, outperforming the Zacks S&P 500 composite’s rise of 10.8% and the Finance sector’s increase of 3.7%.Per Fitch Ratings, an improved performance at personal auto, coupled with better investment results and lower claims, should fuel insurers' performanc ...
7 Must-Buy Stocks if You Only Have $1,000 to Spend: May Edition
investorplace.com· 2024-05-22 13:22
If you have a budget of around $1,000 and you’d like to buy some solid stocks to beat the market, I’ve got you covered! The stocks in this article total around ~$383 as of writing if you bought one of each. With a modest $1,000 investment, you have ample dry powder to allocate into whichever stocks you like the most and potentially have money left over to dabble in some penny stocks as well.Investing with a limited budget can be daunting, but as the saying goes, “Mighty oaks from little acorns grow.” Even w ...
S&P 500 Achieves a New Milestone: 5 Non-Tech Picks
zacks.com· 2024-05-17 13:35
U.S. stock markets have maintained their northbound journey in the first quarter of 2024 after an impressive 2023. After that, Wall Street melted in April, only to regain momentum in May. April is generally known to be favorable to investors. However, this year’s April was a disappointing one. Similarly, the adage — “Sell in May and go away” — is unlikely to prevail this year.Year to date, the three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — have rallied 5.8%, 11.9% and 13.4%, res ...
Why Arch Capital Group (ACGL) is a Top Value Stock for the Long-Term
zacks.com· 2024-05-16 14:41
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.It also includes access to the Zacks Style Scores.What ar ...
Should You Invest in Arch Capital (ACGL) Based on Bullish Wall Street Views?
zacks.com· 2024-05-16 14:30
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Arch Capital Group (ACGL) .Arch Capital currently has an average ...
5 Must-Buy Property & Casualty Insurers for Stellar Returns
zacks.com· 2024-05-16 13:11
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 and Casualty Insurance industry is currently in the top 14% of the Zacks Industry Rank. In the past year, the industry has provided 26.6% returns, while its year-to-date return is 15.1%. Since it is ranked in the top hal ...
Arch Capital (ACGL) Rises 35% YTD: Will the Rally Last?
Zacks Investment Research· 2024-05-13 18:15
Arch Capital Group Ltd.’s (ACGL) shares have rallied 34.8% year to date, outperforming the industry’s growth of 15.9%, the Finance sector’s rise of 4.3% and the Zacks S&P 500 composite’s increase of 9.8%. With a market capitalization of $37.5 billion, the average volume of shares traded in the last three months was 1.8 million.New business opportunities, rate improvement, growth in existing accounts and a solid capital position continue to drive Arch Capital. This Zacks Rank #1 (Strong Buy) insurer has a so ...
Why You Shouldn't Bet Against Arch Capital (ACGL) Stock
Zacks Investment Research· 2024-05-13 13:30
One stock that might be an intriguing choice for investors right now is Arch Capital Group Ltd. (ACGL) . This is because this security in the Insurance - Property and Casualty space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably takin ...
Buy 5 High ROE Stocks as Markets Ride on Investor Optimism
Zacks Investment Research· 2024-05-13 13:06
The broader U.S. equity markets witnessed an upward trajectory over the past few trading days in one of the longest winning streaks since the beginning of 2024, buoyed by the optimism regarding a probable interest rate cut by the Federal Reserve in the near future. With weaker-than-expected job growth per the April nonfarm payrolls report and moderating wage gains, investors are pricing in a second rate cut by the end of the year with a nearly 50% likelihood of a 25-basis point rate cut in September.Recent ...
Arch Capital .(ACGL) - 2024 Q1 - Quarterly Report
2024-05-09 20:22
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 endedMarch 31, 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 ...