Arch Capital Group Ltd (NASDAQ: ACGL) has reported earnings for its first fiscal quarter (ending March 31) of $2.99 versus $1.92 for the same period a year ago — an increase of 56%. This result exceeded the consensus estimate of $2.20 by $0.79. For the latest four quarters through March 31, E.P.S. were $13.00 versus $5.33 for the same period a year ago — an increase of 144%.
Recent Price Action
Arch Capital Group Ltd (NASDAQ: ACGL) stock rose modestly by 0.4% on 4/29/24. The stock closed at $91.25. Moreover, this advance was accompanied by unusually high trading volume at 162% of normal. The stock has been strong relative to the market over the last nine months but has declined -1.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, ACGL is expected to continue to be a Value Builder.
Arch Capital Group has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Arch Capital Group has a slightly positive Appreciation Score of 69 and a good Power Rating of 80, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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