Arch Capital Group Ltd. (NASDAQ:ACGL) Receives $111.11 Consensus Target Price from Analysts

by · The Cerbat Gem

Arch Capital Group Ltd. (NASDAQ:ACGL – Get Free Report) has been given a consensus rating of “Hold” by the fourteen research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $111.1071.

ACGL has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price objective on shares of Arch Capital Group from $114.00 to $117.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Atlantic Securities set a $126.00 price objective on Arch Capital Group in a research report on Wednesday, July 15th. Citigroup reaffirmed a “market outperform” rating on shares of Arch Capital Group in a research report on Wednesday, July 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Arch Capital Group in a research report on Thursday, August 13th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $120.00 price objective (up from $115.00) on shares of Arch Capital Group in a report on Thursday, July 30th.

Get Our Latest Research Report on Arch Capital Group

Insider Buying and Selling

In other Arch Capital Group news, CFO Francois Morin sold 11,010 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $99.32, for a total value of $1,093,513.20. Following the sale, the chief financial officer owned 184,826 shares in the company, valued at approximately $18,356,918.32. This trade represents a 5.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.30% of the company’s stock.

Hedge Funds Weigh In On Arch Capital Group

Several large investors have recently bought and sold shares of the stock. Elyxium Wealth LLC bought a new position in shares of Arch Capital Group during the 4th quarter worth about $27,000. Torren Management LLC boosted its holdings in Arch Capital Group by 66.9% in the second quarter. Torren Management LLC now owns 292 shares of the insurance provider’s stock valued at $28,000 after acquiring an additional 117 shares during the last quarter. Basepoint Wealth LLC bought a new position in Arch Capital Group in the fourth quarter valued at approximately $40,000. Continuum Advisory LLC bought a new stake in shares of Arch Capital Group in the 2nd quarter valued at about $46,000. Finally, MidFirst Bank bought a new position in Arch Capital Group during the fourth quarter worth about $46,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

Arch Capital Group stock opened at $97.04 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.57 and a quick ratio of 0.57. Arch Capital Group has a 12 month low of $82.44 and a 12 month high of $107.08. The company has a fifty day moving average price of $99.65 and a two-hundred day moving average price of $96.68. The company has a market cap of $33.11 billion, a PE ratio of 7.59, a P/E/G ratio of 4.82 and a beta of 0.30.

Arch Capital Group (NASDAQ:ACGL – Get Free Report) last issued its earnings results on Tuesday, July 28th. The insurance provider reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.09. Arch Capital Group had a net margin of 24.40% and a return on equity of 17.06%. The company had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $4.36 billion. During the same period in the prior year, the company earned $2.58 earnings per share. Research analysts expect that Arch Capital Group will post 9.44 earnings per share for the current year.

Arch Capital Group Company Profile

(Get Free Report)

Arch Capital Group Ltd. is a Bermuda-based insurance and financial services company that operates through a global network of subsidiaries. Listed on the Nasdaq under the symbol ACGL, the company provides specialty insurance, reinsurance and mortgage insurance products to businesses, institutions and individuals.

Arch’s insurance operations offer coverage across property, casualty and specialty lines, including professional liability, marine, aviation, energy, construction, accident and health, and other complex or customized risks.

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