Analysts Set Arch Capital Group Ltd. (ACGL) Target Price at $99.33
Arch Capital Group Ltd. (NASDAQ:ACGL) has earned a consensus rating of “Hold” from the eleven ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $99.50.
Several research firms recently weighed in on ACGL. Wells Fargo & Co set a $96.00 price objective on Arch Capital Group and gave the company a “hold” rating in a research note on Monday, February 12th. UBS Group reaffirmed a “buy” rating on shares of Arch Capital Group in a research note on Monday, October 30th. Zacks Investment Research raised Arch Capital Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $113.00 price objective on shares of Arch Capital Group in a research note on Friday, October 27th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $101.00 price objective on shares of Arch Capital Group in a research note on Wednesday, December 6th.
In other news, CEO Constantine Iordanou purchased 7,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were purchased at an average cost of $23.80 per share, with a total value of $166,600.00. Following the completion of the purchase, the chief executive officer now owns 7,000 shares of the company’s stock, valued at approximately $166,600. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Louis T. Petrillo sold 5,921 shares of Arch Capital Group stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $91.07, for a total value of $539,225.47. Following the sale, the insider now directly owns 43,268 shares in the company, valued at $3,940,416.76. The disclosure for this sale can be found here. Company insiders own 6.60% of the company’s stock.
Shares of Arch Capital Group (NASDAQ ACGL) traded up $0.11 during midday trading on Wednesday, hitting $88.82. The company had a trading volume of 502,533 shares, compared to its average volume of 557,526. The company has a market capitalization of $11,620.00, a PE ratio of 21.88, a P/E/G ratio of 1.31 and a beta of 0.62. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.49. Arch Capital Group has a 52 week low of $85.35 and a 52 week high of $102.60.
Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Monday, February 12th. The insurance provider reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.21. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.09 billion. Arch Capital Group had a return on equity of 5.95% and a net margin of 11.21%. Arch Capital Group’s revenue was up 27.4% compared to the same quarter last year. During the same period last year, the firm posted $1.13 earnings per share. research analysts anticipate that Arch Capital Group will post 6.24 earnings per share for the current year.
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About Arch Capital Group
Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.
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