Analysts Set Arch Capital Group Ltd. (ACGL) Price Target at $89.33

Arch Capital Group Ltd. (NASDAQ:ACGL) has earned an average recommendation of “Hold” from the twelve ratings firms that are currently covering the company. Eight analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $89.33.

A number of research analysts recently issued reports on ACGL shares. Credit Suisse Group AG raised Arch Capital Group from a “neutral” rating to an “outperform” rating and set a $100.00 price target for the company in a report on Friday, January 6th. Barclays PLC reissued a “hold” rating and set a $86.00 price objective on shares of Arch Capital Group in a report on Monday, January 9th. Zacks Investment Research cut Arch Capital Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 17th. Langen Mcalenn reissued a “neutral” rating on shares of Arch Capital Group in a report on Wednesday, January 18th. Finally, BMO Capital Markets boosted their price objective on Arch Capital Group to $102.00 and gave the stock an “outperform” rating in a report on Tuesday, February 28th.

In related news, CFO Mark Donald Lyons sold 13,000 shares of the business’s stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $94.43, for a total value of $1,227,590.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Constantine Iordanou sold 60,000 shares of the business’s stock in a transaction that occurred on Friday, February 17th. The shares were sold at an average price of $93.58, for a total value of $5,614,800.00. Following the completion of the transaction, the chief executive officer now owns 232,462 shares of the company’s stock, valued at $21,753,793.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 115,081 shares of company stock valued at $10,811,481. 6.30% of the stock is currently owned by company insiders.



Several institutional investors have recently modified their holdings of ACGL. State of Alaska Department of Revenue raised its position in shares of Arch Capital Group by 198.3% in the first quarter. State of Alaska Department of Revenue now owns 26,986 shares of the insurance provider’s stock valued at $2,556,000 after buying an additional 17,940 shares in the last quarter. DnB Asset Management AS raised its position in shares of Arch Capital Group by 18.9% in the first quarter. DnB Asset Management AS now owns 13,866 shares of the insurance provider’s stock valued at $1,314,000 after buying an additional 2,200 shares in the last quarter. Capstone Asset Management Co. raised its position in shares of Arch Capital Group by 6.5% in the first quarter. Capstone Asset Management Co. now owns 3,298 shares of the insurance provider’s stock valued at $313,000 after buying an additional 200 shares in the last quarter. Creative Planning raised its position in shares of Arch Capital Group by 0.6% in the first quarter. Creative Planning now owns 3,404 shares of the insurance provider’s stock valued at $323,000 after buying an additional 19 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its position in shares of Arch Capital Group by 1.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 531,540 shares of the insurance provider’s stock valued at $45,867,000 after buying an additional 6,693 shares in the last quarter. Institutional investors and hedge funds own 77.05% of the company’s stock.

Arch Capital Group (NASDAQ:ACGL) traded down 0.15% during mid-day trading on Tuesday, hitting $94.99. 207,987 shares of the company were exchanged. The company has a market cap of $11.51 billion, a price-to-earnings ratio of 17.82 and a beta of 0.60. Arch Capital Group has a 12-month low of $67.50 and a 12-month high of $96.46. The stock’s 50 day moving average is $94.50 and its 200-day moving average is $87.32.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Monday, February 13th. The insurance provider reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.16. Arch Capital Group had a return on equity of 8.23% and a net margin of 15.60%. The business earned $1.06 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same period in the previous year, the business posted $1.15 earnings per share. Equities research analysts predict that Arch Capital Group will post $5.39 EPS for the current year.

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Arch Capital Group Company Profile

Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.

5 Day Chart for NASDAQ:ACGL

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