Brokerages Set Arch Capital Group Ltd. (ACGL) Target Price at $99.67
Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have been given a consensus recommendation of “Hold” by the thirteen research firms that are currently covering the firm, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $99.67.
ACGL has been the subject of several research analyst reports. UBS AG lowered their price target on Arch Capital Group from $114.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, September 19th. Buckingham Research initiated coverage on Arch Capital Group in a research report on Monday, September 11th. They set a “buy” rating and a $106.00 price target for the company. Royal Bank Of Canada restated a “buy” rating and set a $113.00 price target on shares of Arch Capital Group in a research report on Friday, October 27th. Barclays PLC raised their price target on Arch Capital Group from $91.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Monday, October 16th. Finally, Wells Fargo & Company set a $100.00 price target on Arch Capital Group and gave the stock a “hold” rating in a research report on Thursday, October 26th.
Arch Capital Group (NASDAQ:ACGL) traded up $0.46 on Monday, hitting $95.91. The stock had a trading volume of 324,236 shares, compared to its average volume of 596,350. Arch Capital Group has a 1-year low of $77.14 and a 1-year high of $102.60. The stock has a market capitalization of $12,511.55, a price-to-earnings ratio of 32.19, a P/E/G ratio of 2.66 and a beta of 0.70. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.77 and a current ratio of 0.83.
Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Wednesday, October 25th. The insurance provider reported ($0.79) EPS for the quarter, missing the consensus estimate of ($0.59) by ($0.20). Arch Capital Group had a return on equity of 5.57% and a net margin of 9.44%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the prior year, the business earned $1.14 earnings per share. The company’s quarterly revenue was up 30.7% on a year-over-year basis. research analysts expect that Arch Capital Group will post 3.27 earnings per share for the current year.
In other Arch Capital Group news, CFO Mark Donald Lyons sold 9,967 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $97.31, for a total value of $969,888.77. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andrew Rippert sold 3,500 shares of the firm’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $94.25, for a total value of $329,875.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 133,079 shares of company stock worth $12,652,858. Insiders own 6.60% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Swiss National Bank raised its stake in Arch Capital Group by 8.0% in the second quarter. Swiss National Bank now owns 842,768 shares of the insurance provider’s stock valued at $78,622,000 after buying an additional 62,700 shares in the last quarter. Delta Lloyd Asset Management N.V. acquired a new stake in Arch Capital Group in the second quarter valued at $1,232,000. Marshall Wace North America L.P. raised its stake in Arch Capital Group by 84.7% in the second quarter. Marshall Wace North America L.P. now owns 9,724 shares of the insurance provider’s stock valued at $904,000 after buying an additional 4,459 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in Arch Capital Group in the second quarter valued at $2,230,000. Finally, Schwab Charles Investment Management Inc. raised its stake in Arch Capital Group by 5.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 401,129 shares of the insurance provider’s stock valued at $37,422,000 after buying an additional 19,287 shares in the last quarter. Institutional investors own 73.19% of the company’s stock.
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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.
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