In recent trading session, Arch Capital Group Ltd. (NASDAQ:ACGL) saw 1,564,411 shares changing hands with its beta currently measuring 0.84. Company’s recent per share price level of $30.15 trading at $0.7 or 2.38% at recent trade assigns it a market valuation of $12.22 Billion. That current trading price of ACGL’s stock is at a discount of -60.27% from its 52-week high price of $48.32 and is indicating a premium of 30.58% from its 52-week low price of $20.93. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.73 Million shares which gives us an average trading volume of 1.46 Million if we extend that period to 3-months.
For Arch Capital Group Ltd. (ACGL), analysts’ consensus is at an average recommendation of Overweight while assigning it a mean rating of 2.2. Splitting up the data highlights that, out of 12 analysts covering the stock, none rated the stock as a Sell while none recommended an Overweight rating for the stock. 4 suggested the stock as a Hold whereas 8 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.16 in the current quarter.
Arch Capital Group Ltd. (NASDAQ:ACGL) trade information
Upright in the green today for gaining 2.38%, in the last five days ACGL remained trading in the green while hitting it’s week-highest on Friday, Oct 23 when the stock touched $32.16- price level, adding 7.06% to its value on the day. Arch Capital Group Ltd.’s shares saw a change of -30.31% in year-to-date performance and have moved -5.65% in past 5-day. Arch Capital Group Ltd. (NASDAQ:ACGL) showed a performance of 3.53% in past 30-days. Number of shares sold short was 3.38 Million shares which calculate 2.32 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $37.6 to the stock, which implies a rise of 24.71% to its current value. Analysts have been projecting $30 as a low price target for the stock while placing it at a high target of $44. It follows that stock’s current price would jump +45.94% in reaching the projected high whereas dropping to the targeted low would mean a loss of -0.5% for stock’s current value.
Arch Capital Group Ltd. (ACGL) estimates and forecasts
Statistics highlight that Arch Capital Group Ltd. is scoring comparatively lower than the scores of other players of the relevant industry. The company added +22.56% of value to its shares in past 6 months, showing an annual growth rate of -58.16% while that of industry is -7.5. Apart from that, the company came lowering its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to decline by -74.6% in the current quarter and calculating -41.9% decline in the next quarter. This year revenue growth is estimated to rise 22.4% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.67 Billion for the same. And 4 analysts are in estimates of company making revenue of $1.56 Billion in the next quarter that will end in December 01, 2020. Company posted $1.46 Billion and $1.34 Billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 14.7% while estimating it to be 15.9% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 14.1% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 124.2% while estimates for its earnings growth in next 5 years are of 1.31%
Arch Capital Group Ltd. (NASDAQ:ACGL)’s Major holders
Insiders are in possession of 2.87% of company’s total shares while institution are holding 88.74% percent of that, with stock having share float percentage of 91.37%. Investors also watch the number of corporate investors in a company very closely, which is 609 institutions for Arch Capital Group Ltd. that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at ACGL for having 36.53 Million shares of worth $1.05 Billion. And as of June 29, 2020, it was holding 9% of the company’s outstanding shares.
The second largest institutional holder is Artisan Partners Limited Partnership, which was holding about 31.4 Million shares on June 29, 2020. The number of shares represents firm’s hold over 7.73% of outstanding shares, having a total worth of $899.5 Million.
On the other hand, Artisan International Value Fund and Growth Fund Of America Inc are the top two Mutual Funds which own company’s shares. As of June 29, 2020, the former fund manager was holding 17910789 shares of worth $513.14 Million or 4.41% of the total outstanding shares. The later fund manager was in possession of 11.73 Million shares on September 29, 2020, making its stake of worth around $343.15 Million in the company or a holder of 2.89% of company’s stock.