Arch Capital Group Ltd. (NASDAQ:ACGL) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have been assigned a consensus rating of “Moderate Buy” from the sixteen research firms that are covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $118.38.

A number of brokerages have issued reports on ACGL. Evercore ISI raised their target price on Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 9th. Jefferies Financial Group lifted their target price on shares of Arch Capital Group from $114.00 to $134.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Wells Fargo & Company decreased their target price on shares of Arch Capital Group from $118.00 to $109.00 and set an “overweight” rating on the stock in a report on Tuesday, November 19th. Royal Bank of Canada lowered 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. Finally, Barclays started coverage on shares of Arch Capital Group in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $120.00 price target on the stock.

Arch Capital Group Stock Up 2.2 %

ACGL stock opened at $90.99 on Monday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17. The firm has a 50-day moving average of $99.86 and a two-hundred day moving average of $102.67. Arch Capital Group has a 12 month low of $73.04 and a 12 month high of $116.47. The company has a market cap of $34.23 billion, a price-to-earnings ratio of 6.11, a PEG ratio of 1.49 and a beta of 0.62.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, beating the consensus estimate of $1.94 by $0.05. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. The firm had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter last year, the firm earned $2.31 earnings per share. As a group, analysts forecast that Arch Capital Group will post 8.99 earnings per share for the current fiscal year.

Arch Capital Group Announces Dividend

The firm also recently announced a special dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were given a dividend of $5.00 per share. The ex-dividend date of this dividend was Monday, November 18th.

Hedge Funds Weigh In On Arch Capital Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Arch Capital Group by 245.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,739 shares of the insurance provider’s stock worth $341,652,000 after buying an additional 2,168,897 shares during the period. Erste Asset Management GmbH purchased a new position in shares of Arch Capital Group during the third quarter worth approximately $82,748,000. National Pension Service acquired a new position in shares of Arch Capital Group in the 3rd quarter valued at $64,271,000. International Assets Investment Management LLC raised its position in Arch Capital Group by 18,634.1% in the 3rd quarter. International Assets Investment Management LLC now owns 551,345 shares of the insurance provider’s stock valued at $616,840,000 after purchasing an additional 548,402 shares during the last quarter. Finally, Brandes Investment Partners LP purchased a new stake in Arch Capital Group in the 2nd quarter valued at $48,119,000. 89.07% of the stock is owned by institutional investors and hedge funds.

Arch Capital Group Company Profile

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.