During the last session, Arch Capital Group Ltd (NASDAQ:ACGL)’s traded shares were 2.59 million, with the beta value of the company hitting 0.58. At the end of the trading day, the stock’s price was $94.90, reflecting an intraday gain of 4.18% or $3.81. The 52-week high for the ACGL share is $93.12, that puts it up 1.88 from that peak though still a striking 29.11% gain since the share price plummeted to a 52-week low of $67.27. The company’s market capitalization is $35.51B, and the average intraday trading volume over the past 10 days was 1.94 million shares, and the average trade volume was 1.72 million shares over the past three months.
Arch Capital Group Ltd (NASDAQ:ACGL) trade information
Arch Capital Group Ltd (ACGL) registered a 4.18% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 4.18% in intraday trading to $94.90, hitting a weekly high. The stock’s 5-day price performance is 2.66%, and it has moved by 6.85% in 30 days. Based on these gigs, the overall price performance for the year is 39.78%. The short interest in Arch Capital Group Ltd (NASDAQ:ACGL) is 2.91 million shares and it means that shorts have 1.59 day(s) to cover.
Arch Capital Group Ltd (ACGL) estimates and forecasts
Statistics show that Arch Capital Group Ltd has underperformed its competitors in share price, compared to the industry in which it operates. Arch Capital Group Ltd (ACGL) shares have gone up 17.95% during the last six months, with a year-to-date growth rate less than the industry average at -5.33% against 17.40. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 19.10% this quarter and then jump 10.40% in the quarter after that. In the rating firms’ projections, revenue will increase 12.60% compared to the previous financial year.
Revenue for the current quarter is expected to be $3.82 billion as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to $3.86 billion by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $3.42 billion and $3.34 billion respectively. In this case, analysts expect current quarter sales to grow by 11.50% and then jump by 15.50% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 46.40%. While earnings are projected to return -5.17% in 2024, the next five years will return 19.70% per annum.
ACGL Dividends
Arch Capital Group Ltd is due to release its next quarterly earnings between April 24 and April 29. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Arch Capital Group Ltd (NASDAQ:ACGL)’s Major holders
Arch Capital Group Ltd insiders own 3.01% of total outstanding shares while institutional holders control 88.65%, with the float percentage being 91.40%. Vanguard Group Inc is the largest shareholder of the company, while 1,104 institutions own stock in it. As of Jun 29, 2023, the company held over 40.95 million shares (or 10.98% of all shares), a total value of $3.07 billion in shares.
The next largest institutional holding, with 26.52 million shares, is of Blackrock Inc.’s that is approximately 7.11% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $1.99 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Arch Capital Group Ltd (ACGL) shares are Artisan International Value Fund and Vanguard Total Stock Market Index Fund. Data provided on Jun 29, 2023 indicates that Artisan International Value Fund owns about 17.81 million shares. This amounts to just over 4.78 percent of the company’s overall shares, with a $1.33 billion market value. The same data shows that the other fund manager holds slightly less at 11.05 million, or about 2.96% of the stock, which is worth about $826.95 million.
