Arch Capital Group Ltd. (NASDAQ:ACGL) Receives $106.85 Consensus Target Price from Brokerages

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have been given an average recommendation of “Hold” by the sixteen research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $106.8462.

A number of analysts have recently issued reports on ACGL shares. Wells Fargo & Company dropped their price target on shares of Arch Capital Group from $111.00 to $106.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Wolfe Research began coverage on shares of Arch Capital Group in a research report on Monday, September 15th. They issued a “peer perform” rating for the company. Barclays set a $99.00 price target on Arch Capital Group and gave the company an “equal weight” rating in a report on Wednesday, October 8th. The Goldman Sachs Group set a $88.00 price target on Arch Capital Group and gave the stock a “sell” rating in a research note on Tuesday, October 14th. Finally, JPMorgan Chase & Co. increased their target price on Arch Capital Group from $110.00 to $111.00 and gave the company a “neutral” rating in a report on Tuesday, October 28th.

Insider Buying and Selling at Arch Capital Group

In related news, CFO Francois Morin sold 8,000 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $25,233,356.22. This trade represents a 2.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 4.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ACGL. Swiss Life Asset Management Ltd grew its position in shares of Arch Capital Group by 101.3% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 172,013 shares of the insurance provider’s stock valued at $15,607,000 after acquiring an additional 86,544 shares during the period. CIBC Bancorp USA Inc. purchased a new position in Arch Capital Group during the third quarter valued at $4,663,000. Wilmington Savings Fund Society FSB grew its holdings in Arch Capital Group by 5.6% during the third quarter. Wilmington Savings Fund Society FSB now owns 63,791 shares of the insurance provider’s stock valued at $5,788,000 after purchasing an additional 3,374 shares during the period. Auxier Asset Management LLC increased its position in Arch Capital Group by 13.1% in the third quarter. Auxier Asset Management LLC now owns 12,480 shares of the insurance provider’s stock worth $1,132,000 after buying an additional 1,450 shares in the last quarter. Finally, Danske Bank A S bought a new position in shares of Arch Capital Group in the third quarter worth about $26,126,000. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Stock Performance

ACGL stock opened at $93.92 on Monday. The stock’s 50 day simple moving average is $90.44 and its 200 day simple moving average is $90.33. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.13. Arch Capital Group has a 12-month low of $82.44 and a 12-month high of $97.40. The stock has a market capitalization of $34.06 billion, a PE ratio of 8.79, a price-to-earnings-growth ratio of 2.19 and a beta of 0.47.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Monday, October 27th. The insurance provider reported $2.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $1.01. Arch Capital Group had a return on equity of 16.38% and a net margin of 20.96%.The firm had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $4.39 billion. During the same period in the prior year, the company posted $1.99 earnings per share. As a group, research analysts forecast that Arch Capital Group will post 8.42 earnings per share for the current fiscal year.

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.