Brokerages Set Arch Capital Group Ltd. (NASDAQ:ACGL) Price Target at $94.46

Arch Capital Group Ltd. (NASDAQ:ACGL) has been given a consensus recommendation of “Moderate Buy” by the thirteen ratings firms that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $94.46.

ACGL has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on shares of Arch Capital Group from $80.00 to $88.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Royal Bank of Canada restated an “outperform” rating and issued a $98.00 price objective on shares of Arch Capital Group in a research report on Friday, February 16th. JMP Securities raised their target price on shares of Arch Capital Group from $95.00 to $100.00 and gave the company a “market outperform” rating in a research note on Thursday, February 15th. Wells Fargo & Company boosted their price objective on shares of Arch Capital Group from $98.00 to $104.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Finally, UBS Group decreased their price objective on shares of Arch Capital Group from $101.00 to $97.00 and set a “buy” rating for the company in a report on Wednesday, January 10th.

Insider Activity at Arch Capital Group

In other Arch Capital Group news, insider Nicolas Papadopoulo sold 60,000 shares of Arch Capital Group stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the transaction, the insider now directly owns 651,931 shares of the company’s stock, valued at approximately $57,057,001.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Nicolas Papadopoulo sold 60,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $87.52, for a total value of $5,251,200.00. Following the sale, the insider now directly owns 651,931 shares in the company, valued at approximately $57,057,001.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Maamoun Rajeh sold 50,000 shares of Arch Capital Group stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $87.48, for a total value of $4,374,000.00. Following the transaction, the chief executive officer now directly owns 336,170 shares of the company’s stock, valued at approximately $29,408,151.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 135,689 shares of company stock valued at $11,872,217. 4.20% of the stock is owned by company insiders.

Institutional Trading of Arch Capital Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Nomura Holdings Inc. purchased a new stake in Arch Capital Group in the fourth quarter worth approximately $558,000. HighPoint Advisor Group LLC bought a new stake in Arch Capital Group in the fourth quarter valued at approximately $182,000. Fairman Group LLC bought a new stake in Arch Capital Group in the fourth quarter valued at approximately $245,000. Quadrature Capital Ltd bought a new stake in Arch Capital Group in the fourth quarter valued at approximately $694,000. Finally, Richardson Financial Services Inc. bought a new stake in Arch Capital Group in the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Price Performance

Shares of Arch Capital Group stock opened at $91.48 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.57 and a quick ratio of 0.57. Arch Capital Group has a fifty-two week low of $65.78 and a fifty-two week high of $92.57. The firm has a fifty day moving average price of $86.04 and a two-hundred day moving average price of $82.62. The company has a market cap of $34.23 billion, a PE ratio of 7.87, a price-to-earnings-growth ratio of 1.14 and a beta of 0.57.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Thursday, February 15th. The insurance provider reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.55. Arch Capital Group had a net margin of 32.59% and a return on equity of 21.94%. The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.67 billion. During the same quarter in the prior year, the company posted $2.14 EPS. Analysts expect that Arch Capital Group will post 7.98 EPS for the current 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.