Arch Capital Group Ltd. (NASDAQ:ACGL) Stock Has Average Target Price of $110.82

Arch Capital Group Ltd. (NASDAQ:ACGL) has received a consensus rating of “Hold” from the fourteen analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $110.46.

Several equities analysts have issued reports on ACGL shares. Royal Bank Of Canada reiterated 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. Wells Fargo & Company increased their target price on Arch Capital Group from $114.00 to $117.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. UBS Group restated a “buy” rating and issued a $120.00 target price (up from $114.00) on shares of Arch Capital Group in a research note on Wednesday, July 8th. Morgan Stanley cut their price target on Arch Capital Group from $111.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, Atlantic Securities set a $126.00 price target on shares of Arch Capital Group in a research report on Wednesday, July 15th.

Insiders Place Their Bets

In other Arch Capital Group news, CFO Francois Morin sold 11,010 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $99.32, for a total value 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. The trade was a 5.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.30% of the company’s stock.

Institutional Trading of Arch Capital Group

Hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its holdings in Arch Capital Group by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,173,885 shares of the insurance provider’s stock worth $400,643,000 after buying an additional 117,929 shares in the last quarter. Madison Asset Management LLC acquired a new stake in shares of Arch Capital Group in the 2nd quarter valued at $368,808,000. Goldman Sachs Group Inc. increased its stake in shares of Arch Capital Group by 5.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,949,978 shares of the insurance provider’s stock valued at $282,962,000 after buying an additional 160,326 shares during the period. First Trust Advisors LP raised its position in shares of Arch Capital Group by 319.5% during the first quarter. First Trust Advisors LP now owns 2,626,148 shares of the insurance provider’s stock worth $252,084,000 after acquiring an additional 2,000,162 shares during the last quarter. Finally, Capital International Investors raised its position in shares of Arch Capital Group by 1.4% during the fourth quarter. Capital International Investors now owns 1,917,867 shares of the insurance provider’s stock worth $183,962,000 after acquiring an additional 26,226 shares during the last quarter. 89.07% of the stock is owned by institutional investors.

Arch Capital Group Price Performance

Shares of Arch Capital Group stock opened at $94.82 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $32.36 billion, a price-to-earnings ratio of 7.41, a P/E/G ratio of 2.89 and a beta of 0.28. Arch Capital Group has a 1-year low of $82.44 and a 1-year high of $107.08. The firm’s 50-day moving average price is $97.68 and its two-hundred day moving average price is $96.51.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results 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. The company had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Arch Capital Group had a net margin of 24.40% and a return on equity of 17.06%. During the same quarter in the previous year, the company posted $2.58 earnings per share. On average, equities analysts predict that Arch Capital Group will post 9.51 earnings per share for the current fiscal year.

About Arch Capital Group

Arch Capital Group Ltd. is a Bermuda-based insurance, reinsurance and mortgage insurance company whose shares trade on the Nasdaq under the symbol ACGL. The company was established in 1995 and has developed into a global provider of specialty risk-management products and services.

Through its insurance operations, Arch offers property, casualty, specialty, and accident and health coverage to businesses and other policyholders. Its reinsurance operations provide coverage and risk-transfer solutions to insurance companies across a range of property and casualty lines.