ACGL - Arch Capital: Record High P/B Is Too Rich
2024-02-07 23:55:08 ET
Summary
- Arch Capital is a multinational insurer with strong operating results and a bold rally in its stock price in 2023.
- The company's business model focuses on specialty insurance, with a diversified set of income streams that protect against cyclicality and high claims.
- ACGL has a strong balance sheet and a history of positive earnings growth, but the current stock price is overvalued, making it a sell.
Arch Capital Group ( ACGL ) is a multinational insurer with operations in North America, Bermuda, and Europe. With strong operating results over many years, even the challenging years of 2022, the company has experienced strong growth and, consequently, a bold rally in its price over the course of 2023....
Arch Capital: Record High P/B Is Too Rich