Brokerages Set Arch Capital Group Ltd. (NASDAQ:ACGL) Target Price at $106.32

Arch Capital Group Ltd. (NASDAQ:ACGL) has been assigned an average recommendation of “Hold” from the seventeen brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $106.3214.

A number of equities analysts have issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. UBS Group reiterated a “buy” rating and issued a $114.00 target price (up from $113.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Citigroup boosted their price target on shares of Arch Capital Group from $120.00 to $122.50 and gave the stock a “buy” rating in a report on Thursday, April 30th. 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, Weiss Ratings upgraded shares of Arch Capital Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 4th.

Insiders Place Their Bets

In other Arch Capital Group news, Director Daniel Joseph Houston acquired 5,300 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were acquired at an average price of $94.08 per share, with a total value of $498,624.00. Following the completion of the transaction, the director owned 9,915 shares in the company, valued at approximately $932,803.20. This trade represents a 114.84% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider David Gansberg sold 5,907 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $96.37, for a total value of $569,257.59. Following the completion of the transaction, the insider owned 336,559 shares of the company’s stock, valued at $32,434,190.83. This trade represents a 1.72% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 32,837 shares of company stock valued at $2,766,946. Insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Elyxium Wealth LLC bought a new position in Arch Capital Group in the 4th quarter valued at $27,000. WealthCollab LLC increased its stake in shares of 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 purchasing an additional 238 shares during the last quarter. JPL Wealth Management LLC purchased a new stake in shares of Arch Capital Group during the 3rd quarter worth approximately $28,000. Aventura Private Wealth LLC purchased a new stake in shares of Arch Capital Group during the 4th quarter worth approximately $30,000. Finally, Grove Bank & Trust purchased a new stake in shares of Arch Capital Group during the 4th quarter worth approximately $30,000. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

Shares of ACGL opened at $93.32 on Thursday. The firm has a market capitalization of $32.61 billion, a P/E ratio of 7.17, a P/E/G ratio of 5.18 and a beta of 0.35. Arch Capital Group has a 52 week low of $82.44 and a 52 week high of $103.39. The stock has a 50 day moving average price of $95.62 and a two-hundred day moving average price of $94.56. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.55 and a current ratio of 0.55.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share (EPS) for the quarter. The company had revenue of $4.52 billion for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%. Equities analysts forecast 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.