Arch Capital Group Ltd. (NASDAQ:ACGL) has witnessed a notable uptick in activity lately. The group's short interest expanded by 31.3%, while its stock has risen 2.2% since the last earnings report. ACGL announced a significant special dividend of $1.9 billion, alongside senior executive promotions. Renowned investment entities like the Healthcare of Ontario Pension Plan Trust Fund, UBS ASSET MANAGEMENT AMERICAS LLC, and Northwest & Ethical Investments L.P. increased their holdings in Arch Capital. In the past five years, investors in the company have experienced a gain of 152%. The company's YTD rally sits at 35%. On the flip side, the Bank of Montreal Can and Harvest Fund Management Co. Ltd reduced their stake in the company. ACGL progressed from a 'Moderate Buy' rating to recently hit a fresh high. The 3-year revenue growth rate stands at 20.2%. Resultantly, it is being considered the most profitable and undervalued NASDAQ stock. ACGL reported strong performance for Q3 2024. The company is honoring the legacy of its former CEO, Dinos Iordanou, amidst leadership transitions. The group's fundamentals appear strong, despite its stock dipping amid market uptick.
Arch Capital Group Ltd ACGL News Analytics from Mon, 29 Apr 2024 07:00:00 GMT to Sat, 30 Nov 2024 10:42:20 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor -4
