Arch Capital Group Ltd. (NASDAQ:ACGL) Receives $106.81 Consensus Target Price from Brokerages

Arch Capital Group Ltd. (NASDAQ:ACGL) has been given an average rating of “Hold” by the sixteen research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $106.8077.

Several analysts have recently weighed in on the company. Morgan Stanley set a $105.00 price objective on Arch Capital Group in a report on Friday, May 1st. JPMorgan Chase & Co. dropped their price target on shares of Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating on the stock in a research report on Monday, April 20th. Weiss Ratings downgraded shares of Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Mizuho reduced their price objective on shares of Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Finally, Barclays lifted their price objective on shares of Arch Capital Group from $104.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th.

Insider Activity at Arch Capital Group

In related news, Director Daniel Joseph Houston acquired 5,300 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was bought at an average price of $94.08 per share, for a total transaction of $498,624.00. Following the transaction, the director owned 9,915 shares of the company’s stock, valued at approximately $932,803.20. The trade was a 114.84% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brian S. Posner sold 3,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total value of $58,980.00. The disclosure for this sale is available in the SEC filing. Insiders own 3.30% of the company’s stock.

Institutional Investors Weigh In On Arch Capital Group

Hedge funds have recently modified their holdings of the stock. Elyxium Wealth LLC acquired a new position in shares of Arch Capital Group in the 4th quarter valued at $27,000. WealthCollab LLC raised its holdings in Arch Capital Group by 410.3% during the 3rd quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock worth $27,000 after buying an additional 238 shares during the period. JPL Wealth Management LLC purchased a new stake in Arch Capital Group during the third quarter valued at about $28,000. Grove Bank & Trust acquired a new position in shares of Arch Capital Group in the fourth quarter worth about $30,000. Finally, Aventura Private Wealth LLC acquired a new position in shares of Arch Capital Group in the fourth quarter worth about $30,000. 89.07% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Price Performance

Shares of NASDAQ:ACGL opened at $97.06 on Friday. The stock has a market cap of $33.91 billion, a price-to-earnings ratio of 7.45, a PEG ratio of 4.90 and a beta of 0.32. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.55 and a quick ratio of 0.55. Arch Capital Group has a 12 month low of $82.44 and a 12 month high of $103.39. The stock’s 50 day moving average price is $93.66 and its 200 day moving average price is $95.14.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share (EPS) for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%.The firm had revenue of $4.52 billion during the quarter. Equities research analysts anticipate that Arch Capital Group will post 9.3 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.