Analysts Set Arch Capital Group Ltd. (NASDAQ:ACGL) Price Target at $96.23

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have earned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $96.23.

Several research analysts have recently commented on the company. TD Cowen assumed coverage on Arch Capital Group in a report on Wednesday, January 10th. They set an “outperform” rating and a $96.00 price objective for the company. Wells Fargo & Company upped their target price on Arch Capital Group from $104.00 to $109.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. JPMorgan Chase & Co. upped their target price on Arch Capital Group from $88.00 to $92.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Evercore ISI upped their target price on Arch Capital Group from $92.00 to $100.00 and gave the stock an “in-line” rating in a research note on Thursday, April 11th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $98.00 target price on shares of Arch Capital Group in a research note on Friday, February 16th.

Arch Capital Group Trading Down 0.1 %

Shares of ACGL opened at $93.78 on Wednesday. The business’s 50-day moving average price is $89.96 and its 200-day moving average price is $84.22. Arch Capital Group has a twelve month low of $69.05 and a twelve month high of $95.01. The stock has a market cap of $35.18 billion, a PE ratio of 8.07, a P/E/G ratio of 1.16 and a beta of 0.57. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.17.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Thursday, February 15th. The insurance provider reported $2.49 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.55. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. The firm had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.67 billion. During the same period in the prior year, the business posted $2.14 earnings per share. On average, equities analysts forecast that Arch Capital Group will post 8.03 EPS for the current fiscal year.

Insider Activity

In related news, insider Nicolas Papadopoulo sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the completion of the transaction, the insider now owns 651,931 shares in the company, valued at $57,057,001.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Nicolas Papadopoulo sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the completion of the transaction, the insider now owns 651,931 shares in the company, valued at $57,057,001.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Maamoun Rajeh sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $87.48, for a total value of $4,374,000.00. Following the transaction, the chief executive officer now owns 336,170 shares of the company’s stock, valued at approximately $29,408,151.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 135,689 shares of company stock valued at $11,872,217. 4.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Arch Capital Group

A number of hedge funds and other institutional investors have recently made changes to their positions in ACGL. DekaBank Deutsche Girozentrale raised its holdings in Arch Capital Group by 6.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 205,548 shares of the insurance provider’s stock worth $16,756,000 after purchasing an additional 11,594 shares in the last quarter. SG Americas Securities LLC raised its holdings in Arch Capital Group by 601.1% in the fourth quarter. SG Americas Securities LLC now owns 141,370 shares of the insurance provider’s stock worth $10,500,000 after purchasing an additional 121,206 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in Arch Capital Group by 0.7% in the third quarter. Treasurer of the State of North Carolina now owns 209,153 shares of the insurance provider’s stock worth $16,672,000 after purchasing an additional 1,504 shares in the last quarter. Millington Financial Advisors LLC bought a new position in Arch Capital Group in the third quarter worth $1,030,000. Finally, Asset Management One Co. Ltd. raised its holdings in Arch Capital Group by 31.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 201,790 shares of the insurance provider’s stock worth $14,945,000 after purchasing an additional 48,587 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Company Profile

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.