Analysts Set Arch Capital Group Ltd. (NASDAQ:ACGL) Price Target at $109.20

Arch Capital Group Ltd. (NASDAQ:ACGL) has received a consensus rating of “Hold” from the eighteen brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $109.20.

A number of analysts have weighed in on ACGL shares. Morgan Stanley set a $125.00 price objective on Arch Capital Group in a research report on Friday, January 16th. The Goldman Sachs Group restated a “sell” rating and set a $93.00 target price (up previously from $84.00) on shares of Arch Capital Group in a research report on Wednesday, January 7th. Wells Fargo & Company lifted their target price on Arch Capital Group from $106.00 to $109.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Evercore set a $100.00 price target on Arch Capital Group and gave the company an “in-line” rating in a research note on Wednesday, January 7th. Finally, Citigroup restated a “buy” rating and set a $120.00 price target (up from $113.00) on shares of Arch Capital Group in a report on Friday, February 13th.

Insider Buying and Selling

In other Arch Capital Group news, insider John M. Pasquesi sold 203,866 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $93.90, for a total value of $19,143,017.40. Following the completion of the sale, the insider directly owned 351,356 shares in the company, valued at approximately $32,992,328.40. This trade represents a 36.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Francois Morin sold 8,000 shares of Arch Capital Group stock in a transaction 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 completion of the sale, the chief financial officer directly owned 266,681 shares of the company’s stock, valued at approximately $25,233,356.22. This trade represents a 2.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 268,096 shares of company stock valued at $25,287,645 over the last ninety days. 4.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bridges Investment Management Inc. purchased a new stake in Arch Capital Group in the third quarter worth approximately $1,413,000. Allianz Asset Management GmbH raised its position in Arch Capital Group by 12.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 192,567 shares of the insurance provider’s stock worth $17,472,000 after purchasing an additional 21,323 shares during the period. WCM Investment Management LLC lifted its stake in Arch Capital Group by 1.3% in the third quarter. WCM Investment Management LLC now owns 13,525,402 shares of the insurance provider’s stock worth $1,214,987,000 after purchasing an additional 171,693 shares during the last quarter. High Ground Investment Management LLP boosted its position in Arch Capital Group by 3.5% during the third quarter. High Ground Investment Management LLP now owns 1,714,668 shares of the insurance provider’s stock valued at $155,572,000 after buying an additional 58,151 shares during the period. Finally, Cooke & Bieler LP bought a new position in shares of Arch Capital Group during the third quarter valued at about $210,856,000. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $98.70 on Friday. The business’s 50 day simple moving average is $95.79 and its 200 day simple moving average is $92.39. Arch Capital Group has a one year low of $82.44 and a one year high of $103.39. The stock has a market capitalization of $35.79 billion, a PE ratio of 8.49, a PEG ratio of 3.94 and a beta of 0.42. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.53 and a quick ratio of 0.55.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Monday, February 9th. The insurance provider reported $2.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $0.64. Arch Capital Group had a net margin of 22.07% and a return on equity of 16.73%. The firm had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter in the previous year, the company earned $2.26 EPS. As a group, research analysts forecast that Arch Capital Group will post 8.42 earnings per share for the current 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.