Arch Capital Group Ltd. (NASDAQ:ACGL) shares fell to a low of $39.95 before closing at $40.19. Intraday shares traded counted 2.32 million, which was -2.39% lower than its 30-day average trading volume of 2.27M. ACGL’s previous close was $39.92 while the outstanding shares total 400.81M. The firm has a beta of 0.85, a 12-month trailing P/E ratio of 9.92, and a growth ratio of 0.18. The stock’s Relative Strength Index (RSI) is 54.52, with weekly volatility at 2.39% and ATR at 0.87. The ACGL stock’s 52-week price range has touched low of $20.93 and a $41.28 high. The stock traded higher over the last trading session, gaining 0.68% on 05/14/21.
Investors have identified the Insurance – Diversified company Arch Capital Group Ltd. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $16.11 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Having a look at the company’s valuation, the company is expected to record 4.17 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on ACGL sounds very interesting.
Is the stock of ACGL attractive?
In related news, Chairman & CEO Arch Re Group, Rajeh Maamoun sold 29,790 shares of the company’s stock in a transaction that recorded on May 10. The sale was performed at an average price of 40.52, for a total value of 1,207,025. As the sale deal closes, the President & CEO, GRANDISSON MARC now bought 23,500 shares of the company’s stock, valued at 575,750. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.60%.
9 out of 11 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on Arch Capital Group Ltd.. 0 analysts has assigned a Sell rating on the ACGL stock. The 12-month mean consensus price target for the company’s shares has been set at $48.88.