ACGL Stock Summary and Trading Ideas (Arch Capital Group Ltd. | NASDAQ:ACGL)

Arch Capital Group Ltd is a Bermuda company which writes insurance and reinsurance with operations in Bermuda, the United States, Canada, Europe, Australia and United Kingdom. The business operates through three underwriting segments: insurance, reinsurance, and mortgage two operating segments: corporate and other. The insurance segment provides specialty risk solutions to client across a variety of industries. The reinsurance segment provides reinsurance services which cover property catastrophe, property, liability, marine, aviation and space, trade credit and surety, agriculture, accident, life and health, and political risk. The mortgage business provides risk management and risk financing products to the mortgage insurance sectors through platforms in the U.S., Europe and Bermuda.

Arch Capital Group Ltd. trades on the NASDAQ stock market under the symbol ACGL.

As of October 17, 2024, ACGL stock price climbed to $108.25 with 1,853,714 million shares trading.

ACGL has a beta of 0.18, meaning it tends to be less sensitive to market movements. ACGL has a correlation of 0.01 to the broad based SPY ETF.

ACGL has a market cap of $40.70 billion. This is considered a Large Cap stock.

Last quarter Arch Capital Group Ltd. reported $4 billion in Revenue and $2.57 earnings per share. This fell short of revenue expectation by $-405 million and exceeded earnings estimates by $.37.

In the last 3 years, ACGL traded as high as $116.47 and as low as $40.24.

The top ETF exchange traded funds that ACGL belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.

ACGL has underperformed the market in the last year with a price return of +26.3% while the SPY ETF gained +35.2%. However, in the short term, ACGL had mixed performance relative to the market. It has outperformed in the last 3 months, returning +11.5% vs +3.4% return in SPY. But in the last 2 weeks, ACGL shares have been beat by the market, returning -4.8% compared to an SPY return of +2.4%.

ACGL support price is $105.54 and resistance is $109.40 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ACGL shares will trade within this expected range on the day.