Michael Zaremski from Capital One Financial set a price target of $104 for NASDAQ:ACGL, indicating a potential increase of approximately 8.58%.
ACGL’s current stock price is $101.70, with a year’s trading range between $72.85 and $116.47, showcasing its volatility and growth potential.
With a market capitalization of $38.25 billion and a trading volume of 3,179,134 shares, ACGL stands as a significant player in the insurance and reinsurance industry.
Arch Capital Group (NASDAQ:ACGL) is a prominent player in the insurance and reinsurance industry. The company offers a wide range of insurance products and services, catering to various sectors. Arch Capital competes with other major insurance firms, striving to provide innovative solutions and maintain a strong market presence.
On November 6, 2024, Michael Zaremski from Capital One Financial set a price target of $104 for ACGL. At that time, the stock was trading at $95.78, suggesting a potential price increase of approximately 8.58%. This optimistic outlook aligns with the recognition of ACGL as a top-ranked value stock by Zacks Investment Research.
ACGL’s current stock price is $101.70, reflecting a 5.39% increase or $5.20 rise. The stock has fluctuated between $100.18 and $101.96 during the day. Over the past year, it has seen a high of $116.47 and a low of $72.85, indicating significant volatility and potential for growth.
With a market capitalization of approximately $38.25 billion, ACGL is a substantial entity in the financial market. The trading volume for the day is 3,179,134 shares, showing active investor interest. The Zacks Style Scores system highlights ACGL’s potential to deliver significant returns, making it an attractive option for investors seeking strong, market-beating stocks.
