Arch Capital Group Ltd. (NASDAQ:ACGL) Receives $96.23 Average PT from Brokerages

Arch Capital Group Ltd. (NASDAQ:ACGL) has been given a consensus recommendation of “Moderate Buy” by the twelve analysts that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $96.23.

A number of equities analysts recently weighed in on ACGL shares. JPMorgan Chase & Co. increased their price objective on shares of Arch Capital Group from $88.00 to $92.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Wells Fargo & Company increased their price objective on shares of Arch Capital Group from $104.00 to $109.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. TD Cowen began coverage on shares of Arch Capital Group in a research report on Wednesday, January 10th. They set an “outperform” rating and a $96.00 price objective for the company. StockNews.com cut shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Monday, March 11th. Finally, JMP Securities reissued a “market outperform” rating and issued a $100.00 price target on shares of Arch Capital Group in a research report on Monday, April 15th.

Arch Capital Group Stock Performance

Arch Capital Group stock opened at $92.93 on Wednesday. The firm has a 50 day simple moving average of $89.55 and a 200-day simple moving average of $83.98. Arch Capital Group has a 1-year low of $69.05 and a 1-year high of $95.01. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.57 and a quick ratio of 0.57. The stock has a market cap of $34.86 billion, a price-to-earnings ratio of 8.00, a price-to-earnings-growth ratio of 1.13 and a beta of 0.57.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Thursday, February 15th. The insurance provider reported $2.49 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.55. Arch Capital Group had a net margin of 32.59% and a return on equity of 21.94%. The business had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.67 billion. During the same quarter in the prior year, the company posted $2.14 EPS. On average, analysts expect that Arch Capital Group will post 8.03 EPS for the current year.

Insider Activity

In other news, CFO Francois Morin sold 25,689 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $87.47, for a total value of $2,247,016.83. Following the sale, the chief financial officer now directly owns 221,779 shares in the company, valued at approximately $19,399,009.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Nicolas Papadopoulo sold 60,000 shares of Arch Capital Group stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the sale, the insider now directly owns 651,931 shares in the company, valued at approximately $57,057,001.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Francois Morin sold 25,689 shares of Arch Capital Group stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the sale, the chief financial officer now owns 221,779 shares in the company, valued at $19,399,009.13. The disclosure for this sale can be found here. In the last three months, insiders have sold 135,689 shares of company stock worth $11,872,217. 4.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Arch Capital Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Householder Group Estate & Retirement Specialist LLC acquired a new position in Arch Capital Group in the fourth quarter valued at $27,000. Larson Financial Group LLC acquired a new position in Arch Capital Group in the fourth quarter valued at $30,000. Richardson Financial Services Inc. acquired a new position in Arch Capital Group in the fourth quarter valued at $33,000. First Horizon Advisors Inc. increased its stake in Arch Capital Group by 151.0% in the first quarter. First Horizon Advisors Inc. now owns 497 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 299 shares during the period. Finally, Steward Financial Group LLC increased its stake in Arch Capital Group by 180.7% in the third quarter. Steward Financial Group LLC now owns 525 shares of the insurance provider’s stock valued at $41,000 after purchasing an additional 338 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Arch Capital Group Company Profile

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.