With over 0.24 million Arch Capital Group Ltd. (ACGLN) shares trading Friday and a closing price of $19.07 on the day, the dollar volume was approximately $4.49 million. The shares have shown a negative half year performance of -1.04% and its price on 01/13/23 lost nearly -0.16%.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 13 analysts who have offered their price forecasts for ACGLN have a consensus price objective of $65.45. The analysts have set the share’s price value over the next 12 months at a high of $75.00 and a low of $55.00. The average price target is 71.58% above its recent price level and an upside to the estimated low will see the stock gain 65.33% over that period. But an upside of 74.57% will see the stock hit the forecast high price target while median target price for the stock is $66.00.
The top 3 mutual fund holders in Arch Capital Group Ltd. are iShares Preferred & Income Securi, Invesco Preferred ETF, and First Trust Preferred Securities. iShares Preferred & Income Securi owns 1.5 million shares of the company’s stock, all valued at over $25.83 million. Invesco Preferred ETF sold 107.0 shares to see its total holdings shrink to 0.87 million shares valued at over $15.08 million and representing 4.37% of the shares outstanding. First Trust Preferred Securities bought 255.0 shares to bring its total holdings to over 0.58 million shares at a value of $10.01 million. First Trust Preferred Securities now owns shares totaling to 2.90% of the shares outstanding.
Shares of Arch Capital Group Ltd. (NASDAQ: ACGLN) opened at $18.90, down -$0.2 from a prior closing price of $19.10. However, the script later moved the day high at 19.19, down -0.16%. The company’s stock has a 5-day price change of -1.55% and 5.24% over the past three months. ACGLN shares are trading 10.42% year to date (YTD), with the 12-month market performance down to -25.57% lower. It has a 12-month low price of $17.02 and touched a high of $25.69 over the same period. ACGLN has an average intraday trading volume of 56.34K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.43%, 2.53%, and -0.07% respectively.
Institutional ownership of Arch Capital Group Ltd. (NASDAQ: ACGLN) 20.00M shares outstanding. Mutual fund holders own -20.34%, while other institutional holders and individual stakeholders account for 24.24% and — respectively.
It has a market capitalization of $23.58B. The stock’s trailing 12-month PE ratio is 4.07, while the earnings-per-share (ttm) stands at $4.69. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.27% over the week and 2.07% over the month.
Specifically, 10 Wall Street analysts polled rate the stock as a buy, while 1 of the 13 advise that investors “hold,” and 0 rated it as a “Sell.”