Arch Capital Group (ACGL) Stock Moves -0.69%: What You Should Know

In the latest market close, Arch Capital Group (ACGL) reached $90.09, with a -0.69% movement compared to the previous day. The stock exceeded the S&P 500, which registered a loss of 0.76% for the day. At the same time, the Dow lost 1.14%, and the tech-heavy Nasdaq lost 0.18%.Shares of the property and casualty insurer witnessed a loss of 0.81% over the previous month, beating the performance of the Finance sector with its loss of 5.26% and the S&P 500's loss of 7.29%.The investment community will be paying close attention to the earnings performance of Arch Capital Group in its upcoming release. The company's earnings per share (EPS) are projected to be $1.68, reflecting a 31.43% decrease from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.56 billion, up 21.05% from the year-ago period.In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $8.27 per share and a revenue of $18.94 billion, indicating changes of -10.88% and +13.93%, respectively, from the former year.Any recent changes to analyst estimates for Arch Capital Group should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an 8.17% decrease. Arch Capital Group is holding a Zacks Rank of #3 (Hold) right now.Looking at its valuation, Arch Capital Group is holding a Forward P/E ratio of 10.98. This represents a discount compared to its industry's average Forward P/E of 11.31.It is also worth noting that ACGL currently has a PEG ratio of 3.84. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Insurance - Property and Casualty was holding an average PEG ratio of 1.73 at yesterday's closing price.The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 34, which puts it in the top 14% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Arch Capital Group Ltd. (ACGL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks