BUZZ-Arch Capital falls after Q4 profit drop

Insurer Arch Capital Group's ACGL.O shares fall over 4% to $87.79 in morning trading

Co reported a more than 60% fall in quarterly profit on Monday

Profit available to common shareholders was $925 million, or $2.42 per share, for the three months ended December 31, compared with $2.32 billion, or $6.12 per share, last year

Co's losses and loss adjustment expenses jumped 45.6% to $2.38 bln

Co forecast its share of the California wildfires-related losses between $450 million and $550 million

Thirteen of 17 brokerages rate the stock "buy" or higher, and 4 "hold"; their median PT is $120 - data compiled by LSEG

Including session's moves, ACGL shares down over 4% YTD; stock rose 30.8% in 2024