Arch Capital Group Ltd. (NASDAQ:ACGL) Given Consensus Recommendation of “Moderate Buy” by Analysts

Arch Capital Group Ltd. (NASDAQ:ACGL) has been given an average rating of “Moderate Buy” by the sixteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $118.38.

Several equities analysts recently weighed in on the stock. Citigroup raised their price objective on shares of Arch Capital Group from $105.00 to $114.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Royal Bank of Canada reduced their price objective on shares of Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. BMO Capital Markets raised their target price on Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. upped their price target on Arch Capital Group from $108.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Finally, Roth Mkm increased their price objective on Arch Capital Group from $110.00 to $125.00 and gave the company a “buy” rating in a report on Friday, August 23rd.

Arch Capital Group Trading Up 0.3 %

NASDAQ ACGL opened at $100.74 on Thursday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17. Arch Capital Group has a 1-year low of $72.85 and a 1-year high of $116.47. The firm’s fifty day simple moving average is $106.11 and its 200-day simple moving average is $103.39. The company has a market capitalization of $37.90 billion, a PE ratio of 6.76, a price-to-earnings-growth ratio of 1.59 and a beta of 0.61.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.05. The company had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.05 billion. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same period in the prior year, the firm posted $2.31 EPS. As a group, sell-side analysts anticipate that Arch Capital Group will post 8.99 earnings per share for the current fiscal year.

Arch Capital Group Announces Dividend

The company also recently announced a special dividend, which will be paid on Wednesday, December 4th. Investors of record on Monday, November 18th will be given a dividend of $5.00 per share. The ex-dividend date is Monday, November 18th.

Hedge Funds Weigh In On Arch Capital Group

Several large investors have recently added to or reduced their stakes in ACGL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Arch Capital Group by 245.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,739 shares of the insurance provider’s stock worth $341,652,000 after purchasing an additional 2,168,897 shares in the last quarter. Erste Asset Management GmbH acquired a new stake in Arch Capital Group during the third quarter worth $82,748,000. National Pension Service bought a new stake in Arch Capital Group in the 3rd quarter valued at $64,271,000. International Assets Investment Management LLC increased its holdings in Arch Capital Group by 18,634.1% in the 3rd quarter. International Assets Investment Management LLC now owns 551,345 shares of the insurance provider’s stock valued at $616,840,000 after buying an additional 548,402 shares during the period. Finally, Brandes Investment Partners LP acquired a new position in shares of Arch Capital Group in the 2nd quarter valued at $48,119,000. Institutional investors and hedge funds 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.