Arch Capital Group Ltd. (NASDAQ:ACGL) Receives $111.11 Average PT from Brokerages

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have received an average rating of “Hold” from the fifteen research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $111.1071.

Several brokerages have weighed in on ACGL. Wells Fargo & Company increased their target price on shares of Arch Capital Group from $114.00 to $117.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Royal Bank Of Canada reissued an “outperform” rating and issued a $120.00 price target (up from $115.00) on shares of Arch Capital Group in a research note on Thursday, July 30th. Keefe, Bruyette & Woods decreased their price objective on shares of Arch Capital Group from $102.00 to $99.00 and set a “market perform” rating on the stock in a report on Wednesday, July 8th. Weiss Ratings restated a “buy (b-)” rating on shares of Arch Capital Group in a report on Thursday. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Arch Capital Group in a research report on Wednesday, July 29th.

Arch Capital Group Price Performance

NASDAQ:ACGL opened at $97.81 on Friday. Arch Capital Group has a 52 week low of $82.44 and a 52 week high of $107.08. The stock’s fifty day moving average is $98.29 and its two-hundred day moving average is $96.65. The company has a market capitalization of $33.38 billion, a P/E ratio of 7.65, a P/E/G ratio of 10.34 and a beta of 0.31. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.23.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Tuesday, July 28th. The insurance provider reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.09. The business had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Arch Capital Group had a return on equity of 17.06% and a net margin of 24.40%.During the same period in the prior year, the business posted $2.58 EPS. Equities analysts expect that Arch Capital Group will post 9.45 EPS for the current year.

Insider Buying and Selling

In other Arch Capital Group news, Director Brian S. Posner sold 3,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total transaction of $58,980.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Arch Capital Group

Institutional investors have recently modified their holdings of the company. Legal & General Group Plc lifted its position in shares of Arch Capital Group by 4.3% during the fourth quarter. Legal & General Group Plc now owns 2,944,169 shares of the insurance provider’s stock worth $282,405,000 after purchasing an additional 121,090 shares in the last quarter. National Pension Service grew its holdings in shares of Arch Capital Group by 8.5% in the fourth quarter. National Pension Service now owns 683,272 shares of the insurance provider’s stock valued at $65,539,000 after purchasing an additional 53,661 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Arch Capital Group by 10.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 187,002 shares of the insurance provider’s stock valued at $18,024,000 after purchasing an additional 17,923 shares in the last quarter. Oxbow Advisors LLC increased its stake in Arch Capital Group by 83.7% during the 4th quarter. Oxbow Advisors LLC now owns 84,290 shares of the insurance provider’s stock worth $8,085,000 after buying an additional 38,402 shares during the period. Finally, Schwartz Investment Counsel Inc. purchased a new stake in Arch Capital Group during the 4th quarter worth approximately $9,592,000. 89.07% of the stock is owned by institutional investors and hedge funds.

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.