Arch Capital Group Ltd. (NASDAQ:ACGL) Receives Consensus Rating of “Moderate Buy” from Brokerages

Arch Capital Group Ltd. (NASDAQ:ACGL) has earned an average rating of “Moderate Buy” from the fifteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $118.00.

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. JMP Securities raised their target price on shares of Arch Capital Group from $115.00 to $125.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 15th. Royal Bank of Canada lowered their target price 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. Evercore ISI increased their price target on Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 9th. Finally, TD Cowen boosted their price objective on Arch Capital Group from $116.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, September 20th.

Hedge Funds Weigh In On Arch Capital Group

Large investors have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Arch Capital Group by 245.1% in 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 valued at $341,652,000 after acquiring an additional 2,168,897 shares in the last quarter. Erste Asset Management GmbH acquired a new stake in Arch Capital Group in the third quarter worth approximately $82,748,000. National Pension Service bought a new position in Arch Capital Group during the 3rd quarter valued at $64,271,000. International Assets Investment Management LLC increased its position in shares of Arch Capital Group by 18,634.1% during 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 period. Finally, Brandes Investment Partners LP acquired a new position in shares of Arch Capital Group during the 2nd quarter valued at $48,119,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Trading Up 2.6 %

Shares of NASDAQ ACGL opened at $96.10 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. The stock’s 50 day moving average price is $95.35 and its two-hundred day moving average price is $101.61. Arch Capital Group has a 52-week low of $77.53 and a 52-week high of $116.47. The stock has a market capitalization of $36.16 billion, a P/E ratio of 6.45, a PEG ratio of 1.41 and a beta of 0.64.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.05. The business had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.05 billion. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same period in the prior year, the company posted $2.31 EPS. On average, analysts anticipate that Arch Capital Group will post 8.85 earnings per share for the current fiscal year.

Arch Capital Group Announces Dividend

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

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.