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Are Finance Stocks Lagging Arch Capital Group (ACGL) This Year?
Arch Capital .Arch Capital .(US:ACGL) ZACKSยท2024-08-23 14:40

Group 1 - Arch Capital Group (ACGL) is currently ranked 2 (Buy) in the Zacks Rank system, indicating strong potential for outperforming the market in the near term [1] - The Zacks Consensus Estimate for ACGL's full-year earnings has increased by 5.2% over the past three months, reflecting improved analyst sentiment [2] - Year-to-date, ACGL has returned 43.4%, significantly outperforming the average return of 14% for Finance companies [2] Group 2 - Arch Capital Group is part of the Insurance - Property and Casualty industry, which is ranked 23 in the Zacks Industry Rank, with a year-to-date gain of 24.6% [3] - In contrast, Enact Holdings, Inc. operates in the Insurance - Multi line industry, currently ranked 53, with a year-to-date increase of 10.8% [3] - Both Arch Capital Group and Enact Holdings, Inc. are expected to maintain solid performance in the Finance sector [3]