ACGL Stock Forecast: Can (NASDAQ: ACGL) Price Surpass $100 Mark?

ACGL Stock Forecast: Can (NASDAQ: ACGL) Price Surpass $100 Mark?

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ACGL stock price rose 4.64% over the last week and trading above major EMA’s.
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Arch Capital Group Ltd. (NASDAQ: ACGL) stock’s 52-week price range is between $41 – $86.
ACGL stock had total assets of $44.68 Billion and total liabilities of $30.04 Billion in the quarter ending June 2023. This shows that ACGL owed 67.23% of its assets to creditors and other parties.
In the latest quarterly earnings report for the period ending June 2023, ACGL displayed a revenue of $3.09 Billion, with a net income of $671.00 Million, and a profit margin from the last quarter of 21.69%. This quarter, the ACGL stock’s reported revenue exceeded analysts’ estimates by $240.141 Million (7.53%).
Moreover, the ACGL stock reported an EPS of $1.92 for the period ending June 2023, beating the analysts’ estimate of $1.612 by 19.08%. The ACGL next quarter’s revenue is estimated to be $3.249 Billion and the estimated EPS to be $1.612. The report will be released on Octo

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