Analysts Set Arch Capital Group Ltd. (NASDAQ:ACGL) Price Target at $107.53

Arch Capital Group Ltd. (NASDAQ:ACGL) has earned a consensus rating of “Hold” from the eighteen brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $107.5333.

A number of analysts have recently issued reports on the company. Mizuho set a $95.00 price target on Arch Capital Group and gave the company a “neutral” rating in a research report on Monday, December 15th. Barclays set a $104.00 price objective on shares of Arch Capital Group and gave the stock an “equal weight” rating in a research report on Thursday, January 8th. JPMorgan Chase & Co. lifted their target price on shares of Arch Capital Group from $111.00 to $117.00 and gave the company a “neutral” rating in a research report on Wednesday, January 7th. Wells Fargo & Company cut their price target on shares of Arch Capital Group from $111.00 to $106.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Finally, Citigroup reissued a “market outperform” rating on shares of Arch Capital Group in a report on Friday, January 16th.

Insiders Place Their Bets

In other news, insider John M. Pasquesi sold 203,866 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $93.90, for a total value of $19,143,017.40. Following the completion of the transaction, the insider directly owned 351,356 shares in the company, valued at approximately $32,992,328.40. This represents a 36.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Francois Morin sold 8,000 shares of the stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $94.62, for a total value of $756,960.00. Following the transaction, the chief financial officer owned 266,681 shares in the company, valued at $25,233,356.22. This trade represents a 2.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 220,666 shares of company stock worth $20,728,673. 4.20% of the stock is owned by insiders.

Institutional Trading of Arch Capital Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. WealthCollab LLC raised its stake in shares of Arch Capital Group by 410.3% during the third quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 238 shares in the last quarter. JPL Wealth Management LLC bought a new position in shares of Arch Capital Group during the 3rd quarter valued at $28,000. Grove Bank & Trust purchased a new position in Arch Capital Group in the 4th quarter worth $30,000. Aventura Private Wealth LLC purchased a new position in Arch Capital Group in the 4th quarter worth $30,000. Finally, TD Waterhouse Canada Inc. lifted its stake in Arch Capital Group by 72.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 323 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Trading Up 0.7%

Arch Capital Group stock opened at $96.71 on Tuesday. The stock has a market cap of $35.07 billion, a P/E ratio of 9.05, a PEG ratio of 2.02 and a beta of 0.45. Arch Capital Group has a fifty-two week low of $82.44 and a fifty-two week high of $97.60. The firm’s fifty day moving average price is $94.05 and its 200-day moving average price is $91.24. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.55 and a current ratio of 0.55.

Arch Capital Group Company Profile

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.