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

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

A number of analysts have commented on ACGL shares. TD Cowen increased their price target 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. Royal Bank of Canada reduced 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. JPMorgan Chase & Co. upped their price objective on Arch Capital Group from $108.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Bank of America reduced their target price on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Finally, JMP Securities upped their price objective on shares of Arch Capital Group from $115.00 to $125.00 and gave the company a “market outperform” rating in a report on Tuesday, October 15th.

Arch Capital Group Stock Up 0.6 %

NASDAQ:ACGL opened at $92.67 on Monday. The stock has a 50-day simple moving average of $98.88 and a 200 day simple moving average of $102.51. Arch Capital Group has a 52-week low of $73.04 and a 52-week high of $116.47. The company has a market cap of $34.87 billion, a PE ratio of 6.22, a PEG ratio of 1.49 and a beta of 0.62. 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 (NASDAQ:ACGL) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.05. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. The company had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period last year, the company earned $2.31 earnings per share. On average, sell-side analysts expect that Arch Capital Group will post 8.99 EPS for the current fiscal year.

Arch Capital Group Announces Dividend

The business also recently declared a special dividend, which was paid on Wednesday, December 4th. Investors of record on Monday, November 18th were paid a $5.00 dividend. The ex-dividend date was Monday, November 18th.

Institutional Trading of Arch Capital Group

Several large investors have recently modified their holdings of ACGL. State Street Corp raised its position in Arch Capital Group by 1.1% during the third quarter. State Street Corp now owns 16,587,446 shares of the insurance provider’s stock valued at $1,855,803,000 after purchasing an additional 172,628 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Arch Capital Group by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 10,830,263 shares of the insurance provider’s stock worth $1,208,307,000 after buying an additional 253,648 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Arch Capital Group by 4.8% in the third quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider’s stock worth $832,246,000 after acquiring an additional 337,786 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Arch Capital Group by 1.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,124,251 shares of the insurance provider’s stock valued at $573,301,000 after purchasing an additional 49,426 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Arch Capital Group by 6.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,925,288 shares of the insurance provider’s stock valued at $396,026,000 after purchasing an additional 244,285 shares in the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

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.