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

Arch Capital Group Ltd. (NASDAQ:ACGL) has been given a consensus recommendation of “Moderate Buy” by the sixteen analysts that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $117.19.

Several brokerages recently weighed in on ACGL. Barclays reduced their price target on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. reduced their price target on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. UBS Group reduced their price target on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. JMP Securities reissued a “market outperform” rating and set a $125.00 price target on shares of Arch Capital Group in a research report on Tuesday, February 11th. Finally, Morgan Stanley reduced their price target on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, February 14th.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL opened at $91.00 on Friday. Arch Capital Group has a fifty-two week low of $87.00 and a fifty-two week high of $116.47. The company has a 50 day simple moving average of $91.99 and a two-hundred day simple moving average of $100.14. The company has a market capitalization of $34.16 billion, a price-to-earnings ratio of 8.13, a P/E/G ratio of 2.31 and a beta of 0.62. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. During the same quarter in the prior year, the business earned $2.45 earnings per share. Analysts expect that Arch Capital Group will post 8.42 EPS for the current fiscal year.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the sale, the insider now owns 140,023 shares in the company, valued at approximately $12,742,093. This trade represents a 7.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On Arch Capital Group

A number of hedge funds have recently modified their holdings of ACGL. Farther Finance Advisors LLC boosted its position in shares of Arch Capital Group by 12.8% in the third quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider’s stock worth $100,000 after purchasing an additional 101 shares during the period. Van ECK Associates Corp boosted its position in shares of Arch Capital Group by 11.0% in the third quarter. Van ECK Associates Corp now owns 67,250 shares of the insurance provider’s stock worth $7,196,000 after purchasing an additional 6,669 shares during the period. Avidian Wealth Enterprises LLC boosted its position in shares of Arch Capital Group by 6.6% in the third quarter. Avidian Wealth Enterprises LLC now owns 2,951 shares of the insurance provider’s stock worth $330,000 after purchasing an additional 183 shares during the period. Concurrent Investment Advisors LLC bought a new position in shares of Arch Capital Group in the third quarter worth approximately $227,000. Finally, Graypoint LLC bought a new position in shares of Arch Capital Group in the third quarter worth approximately $212,000. 89.07% of the stock is currently owned by institutional investors.

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.