Arch Capital Group Ltd. (NASDAQ:ACGL) Receives $111.11 Average PT from Brokerages

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have been given an average rating of “Hold” by the fifteen analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $111.1071.

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Arch Capital Group from $116.00 to $118.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Arch Capital Group in a research report on Thursday, August 13th. Mizuho lifted their target price on shares of Arch Capital Group from $101.00 to $104.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Wells Fargo & Company boosted their price target on shares of Arch Capital Group from $114.00 to $117.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Finally, UBS Group restated a “buy” rating and set a $120.00 price target (up from $114.00) on shares of Arch Capital Group in a research note on Wednesday, July 8th.

Arch Capital Group Stock Performance

NASDAQ:ACGL opened at $96.09 on Wednesday. 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 $32.79 billion, a PE ratio of 7.51, a price-to-earnings-growth ratio of 4.73 and a beta of 0.30. The firm’s 50 day moving average is $99.84 and its 200 day moving average is $96.70. Arch Capital Group has a 12 month low of $82.44 and a 12 month high of $107.08.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Tuesday, July 28th. The insurance provider reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.09. Arch Capital Group had a return on equity of 17.06% and a net margin of 24.40%.The business had revenue of $4.67 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same period in the prior year, the company earned $2.58 earnings per share. Sell-side analysts expect that Arch Capital Group will post 9.44 earnings per share for the current year.

Insider Transactions at Arch Capital Group

In other news, CFO Francois Morin sold 11,010 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was 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 $18,356,918.32. This trade represents a 5.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.30% of the stock is owned by insiders.

Institutional Trading of Arch Capital Group

A number of institutional investors have recently added to or reduced their stakes in ACGL. Geneos Wealth Management Inc. increased its holdings in Arch Capital Group by 157.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock worth $65,000 after acquiring an additional 412 shares during the period. Sivia Capital Partners LLC bought a new position in Arch Capital Group in the 2nd quarter valued at $253,000. CW Advisors LLC boosted its stake in Arch Capital Group by 6.5% during the second quarter. CW Advisors LLC now owns 3,098 shares of the insurance provider’s stock valued at $282,000 after buying an additional 189 shares during the period. Jump Financial LLC purchased a new position in shares of Arch Capital Group during the second quarter worth about $667,000. Finally, Cerity Partners LLC grew its stake in Arch Capital Group by 11.6% in the 2nd quarter. Cerity Partners LLC now owns 47,486 shares of the insurance provider’s stock worth $4,324,000 after buying an additional 4,933 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Company Profile

Arch Capital Group Ltd. is a Bermuda-based insurance and financial services company that operates through a global network of subsidiaries. Listed on the Nasdaq under the symbol ACGL, the company provides specialty insurance, reinsurance and mortgage insurance products to businesses, institutions and individuals.

Arch’s insurance operations offer coverage across property, casualty and specialty lines, including professional liability, marine, aviation, energy, construction, accident and health, and other complex or customized risks.