Arch Capital Group Ltd. (NASDAQ:ACGL) Stock Has Average Price Target of $108.39

Arch Capital Group Ltd. (NASDAQ:ACGL) has been assigned an average recommendation of “Hold” from the sixteen ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $111.29.

Several equities analysts have commented on ACGL shares. Jefferies Financial Group increased their price target on Arch Capital Group from $102.00 to $106.00 and gave the company a “hold” rating in a report on Thursday, October 29th. Wells Fargo & Company increased their target price on shares of Arch Capital Group from $107.00 to $119.00 and gave the company an “overweight” rating in a research note on Monday. Cantor Fitzgerald boosted their price target on Arch Capital Group from $105.00 to $111.00 and gave the company a “neutral” rating in a research note on Monday. Citigroup lifted their price objective on Arch Capital Group from $122.50 to $125.00 and gave the stock a “buy” rating in a report on Thursday, October 29th. Finally, JPMorgan Chase & Co. cut their price target on shares of Arch Capital Group from $118.00 to $113.00 and set a “neutral” rating for the company in a research note on Friday, October 9th.

Arch Capital Group Price Performance

Shares of ACGL opened at $109.31 on Thursday. The business’s 50-day moving average is $98.14 and its 200-day moving average is $96.86. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.56 and a quick ratio of 0.57. The company has a market capitalization of $37.30 billion, a price-to-earnings ratio of 8.94, a P/E/G ratio of 3.03 and a beta of 0.28. Arch Capital Group has a fifty-two week low of $84.69 and a fifty-two week high of $110.26.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Tuesday, October 27th. The insurance provider reported $2.67 earnings per share for the quarter, beating the consensus estimate of $2.31 by $0.36. Arch Capital Group had a net margin of 23.31% and a return on equity of 16.62%. The firm had revenue of $4.66 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same quarter in the prior year, the business earned $2.77 EPS. Equities research analysts expect that Arch Capital Group will post 10.02 EPS for the current fiscal year.

Insider Activity

In other news, CFO Francois Morin sold 11,010 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 184,826 shares in the company, valued at approximately $18,356,918.32. This represents a 5.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in Arch Capital Group by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,173,885 shares of the insurance provider’s stock worth $400,643,000 after purchasing an additional 117,929 shares during the period. Madison Asset Management LLC purchased a new stake in Arch Capital Group during the second quarter valued at approximately $368,808,000. First Trust Advisors LP lifted its holdings in shares of Arch Capital Group by 319.5% during the 1st quarter. First Trust Advisors LP now owns 2,626,148 shares of the insurance provider’s stock valued at $252,084,000 after purchasing an additional 2,000,162 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Arch Capital Group by 10.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 2,259,582 shares of the insurance provider’s stock worth $208,695,000 after acquiring an additional 210,609 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Arch Capital Group by 50.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,910,063 shares of the insurance provider’s stock worth $183,347,000 after acquiring an additional 641,462 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

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.