Arch Capital Group Ltd. (NASDAQ:ACGL) Receives $110.93 Average Price Target from Analysts

Arch Capital Group Ltd. (NASDAQ:ACGL) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $110.93.

Several equities research analysts have issued reports on ACGL shares. JPMorgan Chase & Co. increased their target price on Arch Capital Group from $106.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Citigroup lifted their target price on Arch Capital Group from $105.00 to $114.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Wells Fargo & Company lowered their price target on shares of Arch Capital Group from $111.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, August 12th. Roth Mkm raised their price objective on shares of Arch Capital Group from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Finally, Bank of America decreased their target price on shares of Arch Capital Group from $119.00 to $118.00 and set a “buy” rating on the stock in a report on Thursday, July 11th.

Insider Buying and Selling

In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief financial officer now owns 221,779 shares of the company’s stock, valued at $22,723,476.34. The transaction was disclosed in a filing with the SEC, which is available at this link. 4.20% of the stock is owned by company insiders.

Institutional Trading of Arch Capital Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UMB Bank n.a. purchased a new stake in Arch Capital Group in the 2nd quarter worth $30,000. Baldwin Brothers LLC MA raised its position in shares of Arch Capital Group by 50.7% during the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 104 shares during the last quarter. Rothschild Investment LLC purchased a new position in Arch Capital Group in the 2nd quarter valued at about $35,000. LRI Investments LLC acquired a new stake in Arch Capital Group in the 1st quarter worth about $40,000. Finally, Richardson Financial Services Inc. purchased a new stake in Arch Capital Group during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Up 2.0 %

Shares of NASDAQ:ACGL opened at $114.22 on Friday. The business’s 50 day moving average is $102.90 and its 200 day moving average is $98.33. Arch Capital Group has a 12-month low of $72.85 and a 12-month high of $114.65. The stock has a market cap of $42.95 billion, a price-to-earnings ratio of 9.01, a PEG ratio of 2.00 and a beta of 0.60. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.16.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.36. The company had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.89 billion. Arch Capital Group had a return on equity of 21.42% and a net margin of 35.19%. Arch Capital Group’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.92 earnings per share. On average, sell-side analysts forecast that Arch Capital Group will post 9.01 earnings per share 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.