Professional
Added to YB: 2024-08-01
Pitch date: 2024-06-30
ACGL [bullish]
Arch Capital Group Ltd.
-3.14%
current return
Author Info
No bio for this author
Company Info
Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products in the United States, Canada, Bermuda, the United Kingdom, Europe, and Australia.
Market Cap
$33.2B
Pitch Price
$96.96
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.82
P/E
8.61
EV/Sales
1.82
Sector
Insurance
Category
growth
ClearBridge Mid Cap Strategy Portfolio Holding: Arch Capital Group Ltd.
ACGL: Strong Q1, benefiting from hardening insurance market & higher reinvestment returns. Higher-for-longer rates, capital discipline, inflation > litigation costs, & solid underwriting driving ROE growth. Macro tailwinds support positive outlook for Arch Capital & Hartford Financial.
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