Last Updated: 13 Nov 2024
Executive Summary
Arch Capital Group Ltd. (ACGL) is a leading global insurance and reinsurance company with a market capitalization of $37.8 billion. The company has a strong financial position with an EBITDA of $5.17 billion and a trailing P/E ratio of 6.75. Analysts are bullish on ACGL, with a consensus target price of $122.13 and 13 out of 18 analysts rating the stock as a "Buy" or "Strong Buy."
Company Overview
Arch Capital Group Ltd. offers a wide range of insurance and reinsurance products, including property and casualty, accident and health, and life insurance. The company operates in over 50 countries and has a global workforce of over 4,000 employees. Arch Capital Group Ltd. is headquartered in Pembroke, Bermuda.
Fundamental Analysis
Arch Capital Group Ltd. has a strong financial track record. The company has reported positive earnings per share (EPS) growth in each of the past five years. In 2023, the company reported EPS of $14.90, up from $14.02 in 2022. Arch Capital Group Ltd. also has a strong balance sheet, with total assets of $57.23 billion and total liabilities of $45.39 billion.
Technical Analysis
The technical analysis of Arch Capital Group Ltd. stock is bullish. The stock is currently trading above its 50-day and 200-day moving averages. The stock also has a relative strength index (RSI) of 65, which indicates that it is overbought. However, the stock is still below its 52-week high of $116.47.
Short Term Outlook
The short-term outlook for Arch Capital Group Ltd. stock is positive. The stock is currently trading near its 52-week high and has a strong technical setup. The company is also expected to continue to report strong financial results.
Long Term Outlook
The long-term outlook for Arch Capital Group Ltd. stock is also positive. The company is a leader in the global insurance and reinsurance market and is well-positioned to benefit from the growing demand for insurance products. The company also has a strong financial foundation and is expected to continue to generate strong cash flow.
Analyst Recommendations
Analysts are bullish on Arch Capital Group Ltd. stock. The consensus target price for the stock is $122.13, which represents a potential upside of 20.8% from the current price of $101.12. Out of 18 analysts, 13 rate the stock as a "Buy" or "Strong Buy," while 5 rate it as a "Hold."
