Arch Capital Group (ACGL, Financial) shares experienced a sudden drop of 1.70%. The stock is currently priced at $99.97, with a trading volume of 901,363 shares and a turnover rate of 0.24%. The price volatility for the stock is noted at 2.07%.
Recent earnings reports indicate Arch Capital Group generated $4.551 billion in revenue and a net profit of $988 million. The company's price-to-earnings ratio stands at 6.72.
Among the 18 institutions that rated ACGL, 72% recommend buying, 22% suggest holding, and 6% advise selling. The insurance sector, where ACGL operates, saw an overall decline of 1.37%.
In the same sector, notable gainers include eHealth, Root, Inc., and Fundamental Global Inc., while active stocks include Root, Inc., Reliance Global Group, Inc., and Lemonade, Inc. Stocks with significant price fluctuations are Abacus Life Inc C/Wts 30/06/2028, Root, Inc., and RenaissanceRe Holdings Ltd.
Arch Capital Group Ltd., a Bermuda-based company, operates globally through two primary segments: underwriting and mortgage. The insurance segment provides specialized risk solutions, while the reinsurance segment offers extensive coverage across various sectors including property, casualty, marine, aviation, trade credit, agriculture, and political risk. The mortgage segment supplies risk management and financing products for the mortgage insurance industry via platforms in the U.S., Europe, and Bermuda.
