Arch Capital Group Ltd. (NASDAQ:ACGL) Receives $109.82 Consensus Target Price from Brokerages

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have been given a consensus recommendation of “Hold” by the sixteen ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $109.8214.

Several research analysts have recently commented on ACGL shares. UBS Group reissued a “buy” rating and issued a $120.00 target price (up from $114.00) on shares of Arch Capital Group in a report on Wednesday, July 8th. Mizuho raised their price target on Arch Capital Group from $101.00 to $104.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Wells Fargo & Company lifted their price objective on Arch Capital Group from $110.00 to $114.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Citigroup boosted their price objective on Arch Capital Group from $120.00 to $122.50 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Keefe, Bruyette & Woods decreased their target price on Arch Capital Group from $102.00 to $99.00 and set a “market perform” rating on the stock in a report on Wednesday, July 8th.

Insider Activity

In related news, Director Daniel Joseph Houston bought 5,300 shares of the company’s stock in a transaction on Thursday, April 30th. The stock was bought at an average cost of $94.08 per share, with a total value of $498,624.00. Following the completion of the purchase, the director owned 9,915 shares in the company, valued at approximately $932,803.20. The trade was a 114.84% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Brian S. Posner sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total transaction of $58,980.00. The SEC filing for this sale provides additional information. 3.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. lifted its holdings in Arch Capital Group by 157.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock worth $65,000 after buying an additional 412 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Arch Capital Group in the 2nd quarter valued at $253,000. CW Advisors LLC increased its stake in shares of Arch Capital Group by 6.5% in the 2nd quarter. CW Advisors LLC now owns 3,098 shares of the insurance provider’s stock valued at $282,000 after buying an additional 189 shares during the period. Jump Financial LLC bought a new stake in shares of Arch Capital Group during the second quarter worth $667,000. Finally, Cerity Partners LLC raised its position in shares of Arch Capital Group by 11.6% during the second quarter. Cerity Partners LLC now owns 47,486 shares of the insurance provider’s stock worth $4,324,000 after acquiring an additional 4,933 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Trading Up 1.5%

Shares of ACGL stock opened at $100.10 on Tuesday. The company has a market capitalization of $34.97 billion, a P/E ratio of 7.69, a P/E/G ratio of 4.91 and a beta of 0.31. Arch Capital Group has a 12-month low of $82.44 and a 12-month high of $105.09. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average price of $95.62 and a 200 day moving average price of $95.76.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share for the quarter. The firm had revenue of $4.52 billion for the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. Research analysts forecast that Arch Capital Group will post 9.34 earnings per share for the current fiscal year.

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.