Arch Capital Group (ACGL) Given a $100.00 Price Target by Wells Fargo & Company Analysts
Arch Capital Group (NASDAQ:ACGL) received a $100.00 target price from stock analysts at Wells Fargo & Company in a research report issued to clients and investors on Sunday. The brokerage presently has a “hold” rating on the insurance provider’s stock. Wells Fargo & Company’s price objective suggests a potential upside of 8.68% from the company’s current price.
The analysts wrote, “We believe the company will make decisions on that end for 2018 as it becomes more clear on how the market will develop. $ 2016A 2017E 2018E EPS Curr. Prior Curr. Prior Q1 (Mar.) 1.17 1.42 A NC 1.52 NC Q2 (June) 1.13 1.21 A NC 1.38 NC Q3 (Sep.) 1.20 (0.79) A NC 1.31 NC Q4 (Dec.) 1.13 1.36 NC 1.54 NC FY 4.63 3.23 NC 5.75 NC CY 4.63 3.23 5.75 FY P/EPS 19.9x 28.5x 16.0x Rev.(MM) 4,031 4,892 5,034 Source: Company Data, Wells Fargo Securities, LLC estimates, and Reuters NA = Not Available, NC = No Change, NE = No Estimate, NM = Not Meaningful V = Volatile, = Company is on the Priority Stock List Ticker ACGL Price Target/Prior: $100/NC Price (12/08/2017) $92.01 52-Week Range: $84-103 Shares Outstanding: (MM) 136.4 Market Cap.: (MM) $12,550.2 S&P 500: 2,367.34 Avg. Daily Vol.: 515,749 Dividend/Yield: $0.00/0.0% LT Debt: (MM) $2,132.7 LT Debt/Total Cap.: 19.3% ROE: 4.4% 3-5 Yr. Est. Growth Rate: 12.0% CY 2017 Est.””
Several other research firms also recently commented on ACGL. Zacks Investment Research upgraded Arch Capital Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. UBS reiterated a “buy” rating on shares of Arch Capital Group in a research report on Monday, October 30th. Royal Bank Of Canada restated a “buy” rating and set a $113.00 price objective on shares of Arch Capital Group in a research report on Friday, October 27th. Barclays raised their price objective 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, Keefe, Bruyette & Woods restated a “hold” rating and set a $100.00 price objective on shares of Arch Capital Group in a research report on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $100.80.
Shares of Arch Capital Group (NASDAQ ACGL) opened at $92.01 on Friday. The firm has a market capitalization of $12,041.72, a PE ratio of 30.98, a P/E/G ratio of 2.59 and a beta of 0.67. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.83 and a quick ratio of 0.83. Arch Capital Group has a 12 month low of $84.21 and a 12 month high of $102.60.
Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Wednesday, October 25th. The insurance provider reported ($0.79) earnings per share for the quarter, missing the consensus estimate of ($0.59) by ($0.20). The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.16 billion. Arch Capital Group had a net margin of 9.44% and a return on equity of 5.57%. The business’s quarterly revenue was up 30.7% compared to the same quarter last year. During the same period last year, the business earned $1.14 earnings per share. equities analysts predict that Arch Capital Group will post 3.23 EPS for the current fiscal year.
In related news, CEO Nicolas Papadopoulo sold 54,554 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $95.53, for a total transaction of $5,211,543.62. Following the completion of the sale, the chief executive officer now owns 147,481 shares of the company’s stock, valued at $14,088,859.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark Donald Lyons sold 9,967 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $97.31, for a total value of $969,888.77. The disclosure for this sale can be found here. Insiders have sold 103,439 shares of company stock valued at $9,965,430 in the last ninety days. 6.60% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC grew its stake in Arch Capital Group by 1,388.0% in the second quarter. Citadel Advisors LLC now owns 2,088,015 shares of the insurance provider’s stock valued at $194,792,000 after acquiring an additional 1,947,691 shares during the period. Janus Henderson Group PLC grew its stake in Arch Capital Group by 5,723.3% in the second quarter. Janus Henderson Group PLC now owns 1,074,932 shares of the insurance provider’s stock valued at $100,280,000 after acquiring an additional 1,056,473 shares during the period. Vanguard Group Inc. grew its stake in Arch Capital Group by 7.7% in the second quarter. Vanguard Group Inc. now owns 10,331,707 shares of the insurance provider’s stock valued at $963,845,000 after acquiring an additional 742,855 shares during the period. FMR LLC grew its stake in Arch Capital Group by 21.0% in the second quarter. FMR LLC now owns 2,294,852 shares of the insurance provider’s stock valued at $214,087,000 after acquiring an additional 398,988 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in Arch Capital Group by 32.6% in the second quarter. Goldman Sachs Group Inc. now owns 1,609,474 shares of the insurance provider’s stock valued at $150,148,000 after acquiring an additional 395,629 shares during the period. 79.50% of the stock is owned by institutional investors and hedge funds.
About Arch Capital Group
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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