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

by · The Markets Daily

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL – Get Free Report) have received a consensus rating of “Hold” from the fourteen brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $109.75.

Several brokerages have recently issued reports on ACGL. Morgan Stanley lowered their target price on shares of Arch Capital Group from $111.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, October 6th. Mizuho set a $100.00 price target on shares of Arch Capital Group and gave the stock a “neutral” rating in a research note on Wednesday, September 16th. UBS Group reissued a “buy” rating and issued a $120.00 price target (up from $114.00) on shares of Arch Capital Group in a research report on Wednesday, July 8th. Keefe, Bruyette & Woods reduced their price target on shares of Arch Capital Group from $102.00 to $99.00 and set a “market perform” rating for the company in a research report on Wednesday, July 8th. Finally, Atlantic Securities set a $126.00 price objective on shares of Arch Capital Group in a research note on Wednesday, July 15th.

Check Out Our Latest Stock Analysis on ACGL

Insider Activity at Arch Capital Group

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Twin Capital Management Inc. lifted its holdings in shares of Arch Capital Group by 1.4% during the first quarter. Twin Capital Management Inc. now owns 8,177 shares of the insurance provider’s stock worth $785,000 after purchasing an additional 116 shares during the period. Torren Management LLC grew its position in Arch Capital Group by 66.9% in the 2nd quarter. Torren Management LLC now owns 292 shares of the insurance provider’s stock valued at $28,000 after buying an additional 117 shares during the last quarter. V Square Quantitative Management LLC increased its stake in Arch Capital Group by 1.3% in the 1st quarter. V Square Quantitative Management LLC now owns 9,453 shares of the insurance provider’s stock valued at $907,000 after buying an additional 123 shares during the period. Personal CFO Solutions LLC increased its stake in Arch Capital Group by 1.4% in the 1st quarter. Personal CFO Solutions LLC now owns 10,238 shares of the insurance provider’s stock valued at $983,000 after buying an additional 145 shares during the period. Finally, Cibc World Market Inc. increased its stake in Arch Capital Group by 0.4% in the 4th quarter. Cibc World Market Inc. now owns 41,757 shares of the insurance provider’s stock valued at $4,005,000 after buying an additional 157 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

Shares of ACGL opened at $95.57 on Friday. The company has a market capitalization of $32.61 billion, a price-to-earnings ratio of 7.47, a price-to-earnings-growth ratio of 2.91 and a beta of 0.28. Arch Capital Group has a 52-week low of $82.44 and a 52-week high of $107.08. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.23. The stock has a 50 day moving average price of $97.27 and a 200 day moving average price of $96.54.

Arch Capital Group (NASDAQ:ACGL – Get Free Report) last released its quarterly earnings data 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. The company had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $4.36 billion. Arch Capital Group had a net margin of 24.40% and a return on equity of 17.06%. During the same quarter last year, the company earned $2.58 earnings per share. Research analysts predict that Arch Capital Group will post 9.67 EPS for the current fiscal 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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