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Friday, June 2, 2023

What Are The Chances Of Arch Capital Group Ltd. (NASDAQ: ACGL) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Arch Capital Group Ltd. (ACGL) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.01, or -0.01%, to $76.60. The Arch Capital Group Ltd. has recorded 25,673 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Arch Capital Group Ltd. Reports 2023 First Quarter Results.

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Stocks Info

As a NASDAQ listed company, ACGL falls under the Financial sector while operating within the Insurance – Diversified industry segment. At the end of the last regular session, the stock closed at $76.61 and fluctuated between $76.63 as its day high and $75.87 as its day low. The current market capitalization of Arch Capital Group Ltd. is $27.82B. A total of 1.69 million shares were traded on the day, compared to an average of 2.28M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, ACGL has seen 17 BUY and 14 SELL insider trades, representing the acquisition of 251,757 and the disposition of 200,302 shares. Over the last 12 months, there were 34 BUYs and 43 SELLs from insiders. Insiders purchased 858,706 shares during that period but sold 1,318,112.

In the most recent transaction, Papadopoulo Nicolas sold 70,000 shares of ACGL for 75.48 per share on May 03. After the transaction, the OFFICER OF SUBSIDIARY now owns 689,970 company shares. In a previous transaction on May 01, Rajeh Maamoun sold 35,940 shares at 76.07 per share. ACGL shares that CHAIRMAN & CEO ARCH RE GROUP owns now total 375,378.

Among the insiders who sold shares, Papadopoulo Nicolas disposed of 30,000 shares on Mar 02 at a per-share price of $70.16. This resulted in the OFFICER OF SUBSIDIARY holding 759,970 shares of ACGL after the transaction. In another insider transaction, Morin Francois sold 15,814 shares at $67.61 per share on Feb 21. Company shares held by the EVP AND CFO now total 185,869.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for ACGL in the last 3 months, the mean price target is $80.71 with high estimates of $90.00 and low estimates of $65.00. In terms of 52-week highs and lows, ACGL has a high of $76.92 and a low of $41.05.

As of this writing, ACGL has an earnings estimate of $1.58 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $1.88 per share and a lower estimate of $1.29. The company reported an EPS of $2.14 in the last quarter, which was 59.70% higher than expectations of $1.34.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. ACGL’s latest balance sheet shows that the firm has $22.40B in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $35.82, while its Total Shareholder’s Equity was $13.56B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ACGL is Buy with a score of 4.60.

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