Arch Capital Group Ltd.’s Stock Price Soars to $100.90, Marking a Robust Increase of 3.24%

Arch Capital Group Ltd. (ACGL)

100.90 USD +3.17 (+3.24%) Volume: 1.24M

Arch Capital Group Ltd.’s stock price has shown a remarkable performance, currently trading at 100.90 USD, with a significant daily increase of +3.24%. With a trading volume of 1.24M and an impressive YTD percentage change of +35.86%, ACGL’s stock continues to attract investor interest, reflecting strong financial growth.

Latest developments on Arch Capital Group Ltd.

Arch Capital Group Ltd. (NASDAQ:ACGL) has seen a 32% rally year-to-date, with shares acquired by Sequoia Financial Advisors LLC. Despite a lowered price target to $110 from $111 by Wells Fargo, the company rose after beating street expectations. Zacks Research forecasts Q3 2024 earnings of $1.64 per share for Arch Capital. Various investment firms have made moves with Arch Capital, including Securian Asset Management Inc. reducing holdings and Gateway Investment Advisers LLC selling shares. SG Americas Securities LLC has a significant stock position in Arch Capital, while also lowering holdings. The company’s collaboration with Cytora to expand Arch Insurance into the US market further adds to the potential for growth.

A look at Arch Capital Group Ltd. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Arch Capital Group Ltd. shows a positive long-term outlook. With high scores in Growth and Momentum, the company is positioned well for future expansion and market performance. Despite lower scores in Value and Dividend, the company’s strong performance in Growth and Momentum factors indicate potential for long-term success.

Arch Capital Group Ltd. is a Bermuda-based insurance and financial services company that provides reinsurance and insurance products globally. With above-average scores in Growth and Resilience, the company demonstrates a strong ability to adapt to changing market conditions and drive future growth. Investors may find Arch Capital to be a promising investment option based on its overall Smartkarma Smart Scores.

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