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

Arch Capital Group Ltd. (NASDAQ:ACGL) has received a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $120.40.

ACGL has been the subject of several recent analyst reports. Citigroup increased their target price on shares of Arch Capital Group from $105.00 to $114.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. TD Cowen raised their price objective on Arch Capital Group from $116.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Bank of America boosted their target price on Arch Capital Group from $119.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Roth Mkm raised their price target on Arch Capital Group from $110.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Finally, Keefe, Bruyette & Woods boosted their price objective on Arch Capital Group from $120.00 to $121.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th.

Insiders Place Their Bets

In other news, CFO Francois Morin sold 11,460 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $102.46, for a total value of $1,174,191.60. Following the completion of the transaction, the chief financial officer now owns 221,779 shares in the company, valued at $22,723,476.34. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On Arch Capital Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. UMB Bank n.a. acquired a new position in Arch Capital Group during the second quarter worth $30,000. Baldwin Brothers LLC MA increased its stake in shares of Arch Capital Group by 50.7% during the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 104 shares during the last quarter. Rothschild Investment LLC bought a new stake in shares of Arch Capital Group in the 2nd quarter valued at about $35,000. LRI Investments LLC acquired a new stake in Arch Capital Group in the 1st quarter valued at about $38,000. Finally, Versant Capital Management Inc grew its holdings in Arch Capital Group by 40.3% during the second quarter. Versant Capital Management Inc now owns 456 shares of the insurance provider’s stock worth $46,000 after purchasing an additional 131 shares during the period. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Down 2.6 %

Shares of Arch Capital Group stock opened at $96.02 on Friday. The business has a fifty day simple moving average of $110.43 and a 200 day simple moving average of $102.70. The stock has a market cap of $36.11 billion, a PE ratio of 6.44, a price-to-earnings-growth ratio of 1.83 and a beta of 0.61. The company has a quick ratio of 0.60, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. Arch Capital Group has a 12 month low of $72.85 and a 12 month high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.05. The company had revenue of $4.72 billion during 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 previous year, the company earned $2.31 EPS. Research analysts predict that Arch Capital Group will post 9.05 EPS for the current year.

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.