Arch Capital Group saw its IBD SmartSelect Composite Rating rise to 96 Wednesday, up from 92 the day before.
The upgrade means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
Arch Capital Group has now climbed above a proper buy zone after clearing the 50.83 buy point in a consolidation.
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The stock sports an 84 EPS Rating, meaning its recent quarterly and annual earnings growth tops 84% of all stocks.
Its Accumulation/Distribution Rating of A- shows heavy buying by institutional investors, such as mutual funds and pension funds, over the last 13 weeks.
The company reported 69% EPS growth for Q4. Sales growth increased 33%, up from 14% in the prior quarter. That marks two consecutive reports with rising growth.
Arch Capital Group earns the No. 2 rank among its peers in the Insurance-Property/Casualty/Title industry group. Kinsale Capital Group is the No. 1-ranked stock within the group.
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