The U.S. is about to get slammed by a ‘very active' hurricane season—but the carnage could be good news for these five insurance stocks, analyst says [Fortune]
Arch Capital Group Ltd. (ACGL)
Last arch capital group ltd. earnings: 2/11 04:31 pm
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Source: Fortune
active” season could bring 11 total hurricanes, including five “major” hurricanes (category three to five), and 23 named storms, compared to an average of 14.4 between 1990 and 2020. Meanwhile, the University of Pennsylvania's Department of Earth and Environmental Sciences is forecasting an even more dire 33 named storms this year, citing high ocean surface temperatures in the Gulf of Mexico. For most insurance companies, it's a nightmare outlook that will lead to soaring costs as catastrophe claims spike—but for some, the carnage may perversely provide opportunity. “If this grim forecast comes to fruition, it will likely buoy pricing for many lines of property-casualty insurance and reinsurance, providing certain underwriters' shares with a catalyst,” CFRA Research analyst Catherine Seifert argued in a recent note. Seifert described how some insurance providers and brokers that aren't heavily exposed to hurricane-related catastrophe claims are benefitting from the strong pricin
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News
- Arch Capital Group (ACGL) Stock Moves -0.13%: What You Should Know [Yahoo! Finance]Yahoo! Finance
- What Propels Arch Capital (ACGL) Stock Price Higher? [Yahoo! Finance]Yahoo! Finance
- Arch Capital Group Ltd. (NASDAQ: ACGL) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- The U.S. is about to get slammed by a ‘very active' hurricane season—but the carnage could be good news for these five insurance stocks, analyst says [Yahoo! Finance]Yahoo! Finance
- 4 Low-Beta Insurance Stocks to Watch Amid High Market Volatility [Yahoo! Finance]Yahoo! Finance
ACGL
Earnings
- 4/29/24 - Beat
ACGL
Sec Filings
- 6/3/24 - Form 8-K
- 5/13/24 - Form 4
- 5/13/24 - Form 4
- ACGL's page on the SEC website