Arch Capital Group Ltd. (NASDAQ:ACGL) Receives $111.11 Consensus PT from Analysts

Arch Capital Group Ltd. (NASDAQ:ACGL) has earned a consensus recommendation of “Hold” from the fifteen brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $111.1071.

A number of analysts have recently issued reports on ACGL shares. JPMorgan Chase & Co. increased their price objective on shares of Arch Capital Group from $116.00 to $118.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. UBS Group reissued a “buy” rating and set a $120.00 price target (up from $114.00) on shares of Arch Capital Group in a report on Wednesday, July 8th. Royal Bank Of Canada restated an “outperform” rating and issued a $120.00 price objective (up from $115.00) on shares of Arch Capital Group in a research report on Thursday, July 30th. Keefe, Bruyette & Woods cut their target price on Arch Capital Group from $102.00 to $99.00 and set a “market perform” rating for the company in a research report on Wednesday, July 8th. Finally, Citigroup reissued a “market outperform” rating on shares of Arch Capital Group in a report on Wednesday, July 29th.

Insider Buying and Selling at Arch Capital Group

In related news, CFO Francois Morin sold 11,010 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $99.32, for a total transaction of $1,093,513.20. Following the completion of the transaction, the chief financial officer directly owned 184,826 shares of the company’s stock, valued at approximately $18,356,918.32. This trade represents a 5.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Elyxium Wealth LLC purchased a new position in Arch Capital Group during the 4th quarter valued at approximately $27,000. WealthCollab LLC boosted its position 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 valued at $27,000 after acquiring an additional 238 shares during the last quarter. Torren Management LLC grew its holdings in shares of Arch Capital Group by 66.9% in the second quarter. Torren Management LLC now owns 292 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 117 shares in the last quarter. JPL Wealth Management LLC bought a new stake in Arch Capital Group in the third quarter worth $28,000. Finally, Zions Bancorporation National Association UT raised its stake in Arch Capital Group by 390.9% during the fourth quarter. Zions Bancorporation National Association UT now owns 324 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 258 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

Shares of ACGL opened at $96.09 on Wednesday. The business has a 50-day simple moving average of $99.84 and a two-hundred day simple moving average of $96.71. 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 has a 52 week low of $82.44 and a 52 week high of $107.08. The stock has a market cap of $32.79 billion, a price-to-earnings ratio of 7.51, a PEG ratio of 4.74 and a beta of 0.30.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Tuesday, July 28th. The insurance provider reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.47 by $0.09. Arch Capital Group had a return on equity of 17.06% and a net margin of 24.40%.The company had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same period in the previous year, the company posted $2.58 EPS. On average, analysts expect that Arch Capital Group will post 9.44 EPS for the current year.

Arch Capital Group Company Profile

Arch Capital Group Ltd. is a Bermuda-based insurance and financial services company that operates through a global network of subsidiaries. Listed on the Nasdaq under the symbol ACGL, the company provides specialty insurance, reinsurance and mortgage insurance products to businesses, institutions and individuals.

Arch’s insurance operations offer coverage across property, casualty and specialty lines, including professional liability, marine, aviation, energy, construction, accident and health, and other complex or customized risks.