Arch Capital Group Ltd. (NASDAQ:ACGL) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $118.38.

Several brokerages have weighed in on ACGL. Jefferies Financial Group upped their price objective on shares of Arch Capital Group from $114.00 to $134.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Royal Bank of Canada dropped their price target on Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Bank of America reduced their price objective on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Barclays started coverage on Arch Capital Group in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $120.00 target price for the company. Finally, JMP Securities upped their price target on shares of Arch Capital Group from $115.00 to $125.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 15th.

Hedge Funds Weigh In On Arch Capital Group

A number of large investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC boosted its position in shares of Arch Capital Group by 2.6% during the second quarter. Sequoia Financial Advisors LLC now owns 20,871 shares of the insurance provider’s stock worth $2,106,000 after buying an additional 519 shares during the period. Cetera Advisors LLC lifted its stake in Arch Capital Group by 70.9% in the 1st quarter. Cetera Advisors LLC now owns 13,700 shares of the insurance provider’s stock valued at $1,266,000 after acquiring an additional 5,684 shares in the last quarter. Swedbank AB acquired a new position in Arch Capital Group during the 1st quarter worth approximately $25,060,000. Banque Cantonale Vaudoise grew its stake in shares of Arch Capital Group by 172.2% during the 3rd quarter. Banque Cantonale Vaudoise now owns 55,423 shares of the insurance provider’s stock worth $6,201,000 after acquiring an additional 35,060 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Arch Capital Group by 10.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 71,721 shares of the insurance provider’s stock worth $8,024,000 after acquiring an additional 6,521 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Price Performance

Arch Capital Group stock opened at $100.74 on Thursday. The business has a 50 day simple moving average of $106.11 and a 200 day simple moving average of $103.39. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market capitalization of $37.90 billion, a PE ratio of 6.76, a price-to-earnings-growth ratio of 1.59 and a beta of 0.61. Arch Capital Group has a one year low of $72.85 and a one year high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, beating the consensus estimate of $1.94 by $0.05. The company had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.05 billion. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. During the same quarter in the previous year, the company earned $2.31 EPS. On average, sell-side analysts forecast that Arch Capital Group will post 8.99 EPS for the current fiscal year.

Arch Capital Group Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Wednesday, December 4th. Investors of record on Monday, November 18th will be given a $5.00 dividend. The ex-dividend date of this dividend is Monday, November 18th.

About Arch Capital Group

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.