Arch Capital Group Ltd. (NASDAQ:ACGL) Given Consensus Rating of “Moderate Buy” by Brokerages

Arch Capital Group Ltd. (NASDAQ:ACGL) has received a consensus rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $120.40.

A number of equities research analysts have recently issued reports on ACGL shares. Jefferies Financial Group boosted their price objective on Arch Capital Group from $114.00 to $134.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Evercore ISI upped their price objective on Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a report on Wednesday, October 9th. Barclays initiated coverage on Arch Capital Group in a report on Wednesday, September 4th. They set an “equal weight” rating and a $120.00 target price for the company. JMP Securities boosted their target price on shares of Arch Capital Group from $115.00 to $125.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 15th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Arch Capital Group from $120.00 to $121.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $102.46, for a total value of $1,174,191.60. Following the sale, the chief financial officer now owns 221,779 shares of the company’s stock, valued at approximately $22,723,476.34. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 4.20% of the company’s stock.

Institutional Trading of Arch Capital Group

Several institutional investors and hedge funds have recently modified their holdings of the business. UMB Bank n.a. bought a new position in Arch Capital Group in the second quarter valued at about $30,000. Baldwin Brothers LLC MA grew its holdings in shares of Arch Capital Group by 50.7% during the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 104 shares during the last quarter. Rothschild Investment LLC acquired a new position in Arch Capital Group during the 2nd quarter worth approximately $35,000. LRI Investments LLC bought a new position in Arch Capital Group in the 1st quarter valued at approximately $40,000. Finally, Compagnie Lombard Odier SCmA bought a new position in Arch Capital Group in the 3rd quarter valued at approximately $46,000. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Trading Down 2.6 %

ACGL stock opened at $96.02 on Friday. Arch Capital Group has a one year low of $72.85 and a one year high of $116.47. The stock has a market cap of $36.11 billion, a price-to-earnings ratio of 6.44, a price-to-earnings-growth ratio of 1.83 and a beta of 0.61. The company has a fifty day moving average price of $110.43 and a two-hundred day moving average price of $102.70. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.60.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.05. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. The company had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter last year, the company posted $2.31 EPS. Equities analysts anticipate that Arch Capital Group will post 9.05 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.