Arch Capital Group Ltd. (NASDAQ:ACGL) Receives $107.53 Average PT from Analysts

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have been assigned an average rating of “Hold” from the eighteen ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $107.5333.

Several analysts have weighed in on ACGL shares. Roth Mkm set a $110.00 target price on Arch Capital Group and gave the company a “buy” rating in a report on Tuesday, December 2nd. Citigroup reiterated a “market outperform” rating on shares of Arch Capital Group in a research report on Friday, January 16th. Evercore ISI set a $100.00 target price on shares of Arch Capital Group and gave the company an “in-line” rating in a report on Wednesday, January 7th. Wells Fargo & Company cut their target price on shares of Arch Capital Group from $111.00 to $106.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. upped their price target on shares of Arch Capital Group from $111.00 to $117.00 and gave the company a “neutral” rating in a report on Wednesday, January 7th.

Arch Capital Group Price Performance

Shares of NASDAQ:ACGL opened at $96.04 on Tuesday. The firm has a market capitalization of $34.83 billion, a price-to-earnings ratio of 8.98, a price-to-earnings-growth ratio of 2.01 and a beta of 0.45. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.55 and a quick ratio of 0.55. The business’s 50 day simple moving average is $93.95 and its 200-day simple moving average is $91.17. Arch Capital Group has a 12 month low of $82.44 and a 12 month high of $97.60.

Insider Buying and Selling

In other news, CFO Francois Morin sold 8,000 shares of the business’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $94.62, for a total value of $756,960.00. Following the completion of the transaction, the chief financial officer directly owned 266,681 shares of the company’s stock, valued at $25,233,356.22. The trade was a 2.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider John M. Pasquesi sold 8,800 shares of the stock in a transaction on Monday, December 15th. The shares were sold at an average price of $94.17, for a total value of $828,696.00. Following the sale, the insider directly owned 289,556 shares in the company, valued at approximately $27,267,488.52. The trade was a 2.95% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 220,666 shares of company stock worth $20,728,673. 4.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Citizens Financial Group Inc. RI grew its holdings in shares of Arch Capital Group by 2.6% during the fourth quarter. Citizens Financial Group Inc. RI now owns 17,813 shares of the insurance provider’s stock worth $1,709,000 after buying an additional 451 shares in the last quarter. Activest Wealth Management boosted its position in Arch Capital Group by 415.0% during the fourth quarter. Activest Wealth Management now owns 412 shares of the insurance provider’s stock worth $40,000 after acquiring an additional 332 shares during the last quarter. US Bancorp DE grew its stake in Arch Capital Group by 8.3% in the 4th quarter. US Bancorp DE now owns 81,998 shares of the insurance provider’s stock worth $7,865,000 after acquiring an additional 6,298 shares during the period. Wealthfront Advisers LLC raised its holdings in Arch Capital Group by 10.2% in the 4th quarter. Wealthfront Advisers LLC now owns 65,437 shares of the insurance provider’s stock valued at $6,277,000 after acquiring an additional 6,077 shares during the last quarter. Finally, Torren Management LLC purchased a new position in shares of Arch Capital Group during the 4th quarter worth $47,000. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Company Profile

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.