Arch Capital Group Ltd. (NASDAQ:ACGL) Stock Has Average Target Price of $110.82 According to Brokerages

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL – Get Free Report) have received a consensus rating of “Hold” from the fourteen ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $110.11.

Several analysts have recently weighed in on ACGL shares. Mizuho set a $100.00 target price on shares of Arch Capital Group and gave the company a “neutral” rating in a report on Wednesday, September 16th. Weiss Ratings cut shares of Arch Capital Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, September 24th. UBS Group restated a “buy” rating and issued a $120.00 price objective (up from $114.00) on shares of Arch Capital Group in a research report on Wednesday, July 8th. Citigroup reiterated a “market outperform” rating on shares of Arch Capital Group in a research report on Wednesday, July 29th. Finally, Atlantic Securities set a $126.00 target price on Arch Capital Group in a research note on Wednesday, July 15th.

Read Our Latest Stock Report on ACGL

Insider Transactions at Arch Capital Group

In other news, CFO Francois Morin sold 11,010 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $99.32, for a total transaction of $1,093,513.20. Following the sale, the chief financial officer owned 184,826 shares of the company’s stock, valued at $18,356,918.32. The trade was a 5.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.30% of the company’s stock.

Institutional Trading of Arch Capital Group

Several large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in Arch Capital Group by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,173,885 shares of the insurance provider’s stock valued at $400,643,000 after acquiring an additional 117,929 shares during the last quarter. Madison Asset Management LLC purchased a new position in Arch Capital Group in the 2nd quarter valued at about $368,808,000. Goldman Sachs Group Inc. boosted its stake in shares of Arch Capital Group by 5.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,949,978 shares of the insurance provider’s stock worth $282,962,000 after purchasing an additional 160,326 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Arch Capital Group by 319.5% during the 1st quarter. First Trust Advisors LP now owns 2,626,148 shares of the insurance provider’s stock worth $252,084,000 after purchasing an additional 2,000,162 shares during the last quarter. Finally, Capital International Investors grew its holdings in shares of Arch Capital Group by 1.4% during the fourth quarter. Capital International Investors now owns 1,917,867 shares of the insurance provider’s stock worth $183,962,000 after buying an additional 26,226 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

NASDAQ ACGL opened at $96.08 on Friday. The business’s 50-day moving average price is $97.37 and its 200 day moving average price is $96.55. Arch Capital Group has a 52-week low of $82.44 and a 52-week high of $107.08. The firm has a market cap of $32.79 billion, a P/E ratio of 7.51, a P/E/G ratio of 2.89 and a beta of 0.28. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.23.

Arch Capital Group (NASDAQ:ACGL – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The insurance provider reported $2.56 EPS for the quarter, topping the consensus estimate of $2.47 by $0.09. The business had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Arch Capital Group had a return on equity of 17.06% and a net margin of 24.40%.During the same quarter in the prior year, the business earned $2.58 earnings per share. On average, equities research analysts expect that Arch Capital Group will post 9.5 earnings per share for the current year.

About Arch Capital Group

(Get Free Report)

Arch Capital Group Ltd. is a Bermuda-based insurance, reinsurance and mortgage insurance company whose shares trade on the Nasdaq under the symbol ACGL. The company was established in 1995 and has developed into a global provider of specialty risk-management products and services.

Through its insurance operations, Arch offers property, casualty, specialty, and accident and health coverage to businesses and other policyholders. Its reinsurance operations provide coverage and risk-transfer solutions to insurance companies across a range of property and casualty lines.

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Analyst Recommendations for Arch Capital Group (NASDAQ:ACGL)

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