Arch Capital Group Ltd. (NASDAQ:ACGL) received a $100.00 price target from research analysts at Keefe, Bruyette & Woods in a research note issued to investors on Friday. The firm currently has a “hold” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 4.01% from the stock’s current price.

Several other equities analysts have also recently weighed in on the stock. Wells Fargo & Company reiterated a “hold” rating on shares of Arch Capital Group in a research report on Wednesday, July 26th. BidaskClub upgraded shares of Arch Capital Group from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Zacks Investment Research cut shares of Arch Capital Group from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Finally, Morgan Stanley lifted their price objective on shares of Arch Capital Group from $90.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Friday, April 28th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $92.55.

Shares of Arch Capital Group (NASDAQ ACGL) opened at 96.14 on Friday. Arch Capital Group has a 12-month low of $74.16 and a 12-month high of $99.47. The firm has a market cap of $12.93 billion, a PE ratio of 17.49 and a beta of 0.67. The stock’s 50 day moving average price is $96.20 and its 200 day moving average price is $94.79.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.01. Arch Capital Group had a net margin of 15.65% and a return on equity of 8.76%. The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the previous year, the company posted $1.13 EPS. The company’s quarterly revenue was up 22.0% compared to the same quarter last year. On average, equities research analysts predict that Arch Capital Group will post $5.35 EPS for the current fiscal year.

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In other news, SVP W Preston Hutchings sold 12,500 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $96.81, for a total transaction of $1,210,125.00. Following the transaction, the senior vice president now directly owns 39,411 shares in the company, valued at approximately $3,815,378.91. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Nicolas Papadopoulo sold 20,000 shares of the business’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $95.39, for a total transaction of $1,907,800.00. Following the transaction, the chief executive officer now owns 244,912 shares in the company, valued at $23,362,155.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 203,756 shares of company stock worth $19,562,718. 6.60% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of ACGL. Creative Planning boosted its position in Arch Capital Group by 0.6% in the first quarter. Creative Planning now owns 3,404 shares of the insurance provider’s stock valued at $323,000 after buying an additional 19 shares in the last quarter. Capstone Asset Management Co. boosted its position in Arch Capital Group by 6.5% in the first quarter. Capstone Asset Management Co. now owns 3,298 shares of the insurance provider’s stock valued at $313,000 after buying an additional 200 shares in the last quarter. DnB Asset Management AS boosted its position in Arch Capital Group by 18.9% in the first quarter. DnB Asset Management AS now owns 13,866 shares of the insurance provider’s stock valued at $1,314,000 after buying an additional 2,200 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Arch Capital Group by 198.3% in the first quarter. State of Alaska Department of Revenue now owns 26,986 shares of the insurance provider’s stock valued at $2,556,000 after buying an additional 17,940 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its position in Arch Capital Group by 5.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,272 shares of the insurance provider’s stock valued at $290,000 after buying an additional 157 shares in the last quarter. Institutional investors and hedge funds own 70.23% of the company’s stock.

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.

Analyst Recommendations for Arch Capital Group (NASDAQ:ACGL)

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