Arch Capital Group Ltd (ACGL) has mostly performed positively in various fronts with the Q3 2024 earnings hitting outstanding figures. ACGL topped revenues through higher premiums and its stock value exceeded expectations, causing the consensus to update its estimates.
abrdn plc bought 10,626 shares of ACGL while
Cambiar Investors LLC reduced its holdings. Despite seeing a drop in stock price by
3.85% on Oct 31, ACGL rebounded and recorded an impressive performance amid catastrophe challenges. It celebrated a splendid
156% return over the last five years, hinting at strong financial prospects. ACGL hit a 52-week high and critics predict that this run will continue. However, caution is urged due to possible bearish signals seen from insiders disposing stocks.
RBC cut ACGL's stock price target to
$125 from
$128 but maintained an outperform rating. Finally, ACGL has undergone leadership transitions and honored its former CEO, Dinos Iordanou.
Arch Capital Group Ltd ACGL News Analytics from Mon, 29 Apr 2024 07:00:00 GMT to Sat, 02 Nov 2024 13:03:10 GMT -
Rating 8
- Innovation 6
- Information 8
- Rumor -3
