Arch Capital Group Ltd (NASDAQ: ACGL) has reported E.P.S. of $3.38 for its second fiscal quarter (ending June 30) versus $1.79 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $14.59 compared to $6.05 a year ago.
Recent Price Action
Arch Capital Group Ltd (NASDAQ: ACGL) stock increased 1.2% on 7/30/24. The shares closed at $98.20. NORMAL trading volume accompanied the advance. The stock has risen 1.7% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above 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). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Arch Capital Group has a good Appreciation Score of 71 and a very high Power Rating of 87, producing the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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