Arch Capital Group Ltd. (NASDAQ:ACGL) Receives $118.38 Consensus Price Target from Brokerages

Arch Capital Group Ltd. (NASDAQ:ACGL) has earned an average rating of “Moderate Buy” from the sixteen ratings firms that are presently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $118.38.

Several research firms have recently weighed in on ACGL. Evercore ISI lifted their price objective on shares of Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a research note on Wednesday, October 9th. Jefferies Financial Group lifted their price objective on shares of Arch Capital Group from $114.00 to $134.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. lifted their price objective on shares of Arch Capital Group from $108.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. TD Cowen lifted their price objective on shares of Arch Capital Group from $116.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Finally, BMO Capital Markets lifted their price objective on shares of Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a research note on Wednesday, November 6th.

Institutional Trading of Arch Capital Group

Several institutional investors have recently made changes to their positions in ACGL. B. Riley Wealth Advisors Inc. grew its stake in shares of Arch Capital Group by 14.8% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 8,020 shares of the insurance provider’s stock worth $741,000 after acquiring an additional 1,034 shares in the last quarter. Virtu Financial LLC grew its stake in shares of Arch Capital Group by 37.1% in the 1st quarter. Virtu Financial LLC now owns 15,300 shares of the insurance provider’s stock worth $1,414,000 after acquiring an additional 4,138 shares in the last quarter. LRI Investments LLC bought a new stake in shares of Arch Capital Group in the 1st quarter worth $38,000. Swedbank AB bought a new stake in shares of Arch Capital Group in the 1st quarter worth $25,060,000. Finally, Atria Investments Inc grew its stake in shares of Arch Capital Group by 19.7% in the 1st quarter. Atria Investments Inc now owns 24,463 shares of the insurance provider’s stock worth $2,261,000 after acquiring an additional 4,018 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

NASDAQ:ACGL opened at $100.72 on Thursday. The company has a market capitalization of $37.89 billion, a PE ratio of 6.76, a P/E/G ratio of 1.60 and a beta of 0.61. The company has a 50 day simple moving average of $105.40 and a two-hundred day simple moving average of $103.37. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58. Arch Capital Group has a fifty-two week low of $72.85 and a fifty-two week high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.05. The business had revenue of $4.72 billion during 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 prior year, the firm posted $2.31 EPS. Research analysts anticipate that Arch Capital Group will post 8.99 earnings per share for the current year.

Arch Capital Group Dividend Announcement

The company also recently announced a special dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th will be paid a $5.00 dividend. The ex-dividend date 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.