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

Arch Capital Group Ltd. (NASDAQ:ACGL) has received an average recommendation of “Moderate Buy” from the sixteen ratings firms that are presently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $117.19.

A number of research analysts recently commented on ACGL shares. Royal Bank of Canada reduced their price target on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. UBS Group reduced their target price on Arch Capital Group from $131.00 to $127.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Wells Fargo & Company dropped their price target on shares of Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods reduced their price objective on shares of Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Finally, Barclays decreased their price objective on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a report on Monday, January 6th.

Insider Activity

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

Hedge Funds Weigh In On Arch Capital Group

Several institutional investors have recently modified their holdings of ACGL. Quantbot Technologies LP acquired a new position in Arch Capital Group during the 3rd quarter valued at about $25,000. Capital A Wealth Management LLC bought a new stake in shares of Arch Capital Group during the fourth quarter valued at approximately $25,000. Cullen Frost Bankers Inc. acquired a new position in shares of Arch Capital Group during the fourth quarter worth approximately $37,000. Golden State Wealth Management LLC bought a new position in Arch Capital Group in the 4th quarter worth approximately $42,000. Finally, Y.D. More Investments Ltd grew its holdings in Arch Capital Group by 125.6% in the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock worth $43,000 after buying an additional 260 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Price Performance

Shares of ACGL stock opened at $96.14 on Wednesday. The firm has a fifty day simple moving average of $92.19 and a 200-day simple moving average of $97.88. The company has a market capitalization of $36.12 billion, a PE ratio of 8.58, a price-to-earnings-growth ratio of 2.31 and a beta of 0.62. Arch Capital Group has a twelve month low of $87.42 and a twelve month high of $116.47. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, topping 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 period last year, the company posted $2.45 EPS. Equities research analysts anticipate that Arch Capital Group will post 8.42 earnings per share for the current fiscal year.

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.