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

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have been assigned an average recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $105.56.

Several analysts have recently weighed in on the stock. Wells Fargo & Company dropped their price objective on shares of Arch Capital Group from $111.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 12th. Evercore ISI lifted their price objective on Arch Capital Group from $100.00 to $104.00 and gave the company an “in-line” rating in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft increased their target price on Arch Capital Group from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, July 1st. Bank of America cut their price target on Arch Capital Group from $119.00 to $118.00 and set a “buy” rating for the company in a report on Thursday, July 11th. Finally, Roth Mkm reiterated a “buy” rating and set a $110.00 price target on shares of Arch Capital Group in a research report on Tuesday, April 30th.

Insider Transactions at Arch Capital Group

In related news, CFO Francois Morin sold 11,460 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $102.46, for a total value of $1,174,191.60. Following the transaction, the chief financial officer now directly owns 221,779 shares in the company, valued at $22,723,476.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Arch Capital Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ACGL. Larson Financial Group LLC acquired a new position in shares of Arch Capital Group during the 4th quarter worth about $30,000. UMB Bank n.a. acquired a new position in Arch Capital Group during the second quarter valued at approximately $30,000. Baldwin Brothers LLC MA increased its stake in Arch Capital Group by 50.7% in the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 104 shares in the last quarter. Richardson Financial Services Inc. acquired a new stake in Arch Capital Group in the fourth quarter worth $33,000. Finally, Rothschild Investment LLC bought a new position in shares of Arch Capital Group during the second quarter worth $35,000. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

Shares of NASDAQ:ACGL opened at $103.00 on Tuesday. The stock has a market capitalization of $38.73 billion, a price-to-earnings ratio of 8.13, a price-to-earnings-growth ratio of 1.83 and a beta of 0.58. The business’s fifty day moving average price is $98.64 and its two-hundred day moving average price is $94.77. Arch Capital Group has a fifty-two week low of $72.85 and a fifty-two week high of $103.79. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.60 and a quick ratio of 0.60.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.36. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The business had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same quarter in the prior year, the firm earned $1.92 EPS. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. As a group, analysts predict that Arch Capital Group will post 9 EPS for the current fiscal year.

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.