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Tuesday, September 26, 2023

It’s Not Over Yet For Arch Capital Group Ltd. (NASDAQ: ACGL)

After Hours

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. After-hours trades for Arch Capital Group Ltd. (ACGL) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.01, or 0.01%, to $80.58. The Arch Capital Group Ltd. has recorded 45,427 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Arch Capital Group Ltd. Reports 2023 Second Quarter Results.

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Stocks Info

Arch Capital Group Ltd. is listed on the NASDAQ as a member of the Financial sector and is a part of the Insurance – Diversified industry. At the end of the last regular session, the stock closed at $80.57 and fluctuated between $80.84 as its day high and $79.07 as its day low. The current market capitalization of Arch Capital Group Ltd. is $30.07B. A total of 1.21 million shares were traded on the day, compared to an average of 1.88M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, ACGL has seen 2 BUY and 1 SELL insider trades, representing the acquisition of 86,299 and the disposition of 54,219 shares. Over the last 12 months, there were 50 BUYs and 42 SELLs from insiders. Insiders purchased 834,255 shares during that period but sold 1,258,086.

In the most recent transaction, GRANDISSON MARC sold 200,000 shares of ACGL for 76.10 per share on May 19. After the transaction, the CEO now owns 2,287,157 company shares. In a previous transaction on May 10, PETRILLO LOUIS T sold 15,406 shares at 76.79 per share. ACGL shares that OFFICER OF SUBSIDIARY owns now total 105,254.

Among the insiders who sold shares, Rajeh Maamoun disposed of 40,000 shares on May 09 at a per-share price of $76.41. This resulted in the CHAIRMAN & CEO ARCH RE GROUP holding 335,378 shares of ACGL after the transaction. In another insider transaction, Morin Francois sold 10,000 shares at $76.11 per share on May 08. Company shares held by the EVP AND CFO now total 193,109.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for ACGL in the last 3 months, the mean price target is $89.07 with high estimates of $100.00 and low estimates of $78.00. In terms of 52-week highs and lows, ACGL has a high of $84.83 and a low of $41.05.

As of this writing, ACGL has an earnings estimate of $1.31 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $1.82 per share and a lower estimate of $0.85. The company reported an EPS of $1.73 in the last quarter, which was 19.30% higher than expectations of $1.45.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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 $37.46, while its Total Shareholder’s Equity was $13.56B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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 4.38.

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