Arch Capital Group Ltd. (NASDAQ:ACGL) Receives $107.53 Consensus Price Target from Analysts

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have been assigned an average rating of “Hold” from the eighteen ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $107.5333.

A number of equities analysts have issued reports on the stock. Citigroup restated a “market outperform” rating on shares of Arch Capital Group in a research report on Friday, January 16th. Morgan Stanley set a $125.00 price objective on Arch Capital Group in a research report on Friday, January 16th. Keefe, Bruyette & Woods increased their target price on Arch Capital Group from $100.00 to $102.00 and gave the company a “market perform” rating in a report on Tuesday, January 6th. JPMorgan Chase & Co. boosted their price target on Arch Capital Group from $111.00 to $117.00 and gave the stock a “neutral” rating in a report on Wednesday, January 7th. Finally, Wells Fargo & Company reduced their price objective on Arch Capital Group from $111.00 to $106.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th.

Insider Activity at Arch Capital Group

In related news, CFO Francois Morin sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $94.62, for a total transaction of $756,960.00. Following the transaction, the chief financial officer owned 266,681 shares of the company’s stock, valued at approximately $25,233,356.22. This represents a 2.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John M. Pasquesi sold 203,866 shares of Arch Capital Group stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $93.90, for a total transaction of $19,143,017.40. Following the completion of the sale, the insider directly owned 351,356 shares of the company’s stock, valued at $32,992,328.40. The trade was a 36.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 220,666 shares of company stock worth $20,728,673 in the last three months. Insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On Arch Capital Group

A number of hedge funds have recently made changes to their positions in ACGL. Daymark Wealth Partners LLC raised its stake in shares of Arch Capital Group by 3.4% in the 4th quarter. Daymark Wealth Partners LLC now owns 3,211 shares of the insurance provider’s stock valued at $308,000 after acquiring an additional 106 shares during the period. TD Waterhouse Canada Inc. boosted its position in shares of Arch Capital Group by 31.4% in the second quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock worth $43,000 after buying an additional 112 shares during the period. Crescent Grove Advisors LLC grew its stake in shares of Arch Capital Group by 3.1% in the second quarter. Crescent Grove Advisors LLC now owns 3,702 shares of the insurance provider’s stock valued at $337,000 after buying an additional 112 shares in the last quarter. Keel Point LLC raised its holdings in shares of Arch Capital Group by 4.6% during the 3rd quarter. Keel Point LLC now owns 2,524 shares of the insurance provider’s stock valued at $229,000 after buying an additional 112 shares during the period. Finally, Legacy Advisors LLC lifted its position in shares of Arch Capital Group by 1.2% in the 4th quarter. Legacy Advisors LLC now owns 9,551 shares of the insurance provider’s stock worth $916,000 after buying an additional 112 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $95.72 on Tuesday. The stock has a fifty day moving average price of $93.88 and a 200 day moving average price of $91.11. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.55 and a current ratio of 0.55. The stock has a market cap of $34.71 billion, a PE ratio of 8.95, a P/E/G ratio of 1.98 and a beta of 0.45. Arch Capital Group has a 1 year low of $82.44 and a 1 year high of $97.60.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Monday, October 27th. The insurance provider reported $2.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $1.01. The business had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.39 billion. Arch Capital Group had a return on equity of 16.38% and a net margin of 20.96%.During the same quarter last year, the business posted $1.99 earnings per share. Sell-side analysts forecast that Arch Capital Group will post 8.42 earnings per share for the current fiscal year.

Arch Capital Group Company Profile

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.