Arch Capital Group Ltd. (NASDAQ:ACGL) Receives $109.82 Average PT from Analysts

Arch Capital Group Ltd. (NASDAQ:ACGL) has been given a consensus recommendation of “Hold” by the sixteen brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $109.8214.

A number of equities research analysts have issued reports on ACGL shares. JPMorgan Chase & Co. lifted their target price on shares of Arch Capital Group from $110.00 to $116.00 and gave the company a “neutral” rating in a research note on Monday, July 20th. Atlantic Securities set a $126.00 price objective on Arch Capital Group in a report on Wednesday, July 15th. Keefe, Bruyette & Woods cut their price objective on Arch Capital Group from $102.00 to $99.00 and set a “market perform” rating for the company in a report on Wednesday, July 8th. Citigroup lifted their price objective on Arch Capital Group from $120.00 to $122.50 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Wells Fargo & Company upped their target price on Arch Capital Group from $110.00 to $114.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th.

Insider Activity at Arch Capital Group

In other Arch Capital Group news, Director Daniel Joseph Houston bought 5,300 shares of Arch Capital Group stock in a transaction on Thursday, April 30th. The stock was purchased at an average cost of $94.08 per share, for a total transaction of $498,624.00. Following the completion of the purchase, the director directly owned 9,915 shares of the company’s stock, valued at $932,803.20. The trade was a 114.84% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brian S. Posner sold 3,000 shares of Arch Capital Group stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $19.66, for a total transaction of $58,980.00. The SEC filing for this sale provides additional information. Insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ACGL. Legal & General Group Plc boosted its stake in shares of Arch Capital Group by 4.3% during the 4th quarter. Legal & General Group Plc now owns 2,944,169 shares of the insurance provider’s stock worth $282,405,000 after acquiring an additional 121,090 shares in the last quarter. National Pension Service increased its holdings in shares of Arch Capital Group by 8.5% during the 4th quarter. National Pension Service now owns 683,272 shares of the insurance provider’s stock valued at $65,539,000 after acquiring an additional 53,661 shares during the last quarter. Asset Management One Co. Ltd. raised its stake in shares of Arch Capital Group by 10.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 187,002 shares of the insurance provider’s stock valued at $18,024,000 after acquiring an additional 17,923 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in Arch Capital Group by 50.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,548,042 shares of the insurance provider’s stock worth $148,488,000 after purchasing an additional 518,527 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in Arch Capital Group by 3.4% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,033,834 shares of the insurance provider’s stock worth $99,165,000 after purchasing an additional 33,869 shares during the period. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Price Performance

NASDAQ ACGL opened at $103.88 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.55 and a quick ratio of 0.55. The firm has a market capitalization of $36.29 billion, a price-to-earnings ratio of 7.98, a price-to-earnings-growth ratio of 5.15 and a beta of 0.31. The company has a 50 day simple moving average of $95.97 and a 200-day simple moving average of $95.89. Arch Capital Group has a 52-week low of $82.44 and a 52-week high of $105.09.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. The firm had revenue of $4.52 billion for the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. Equities research analysts predict that Arch Capital Group will post 9.34 earnings per share for the current fiscal year.

About Arch Capital Group

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.