Brokerages Set Arch Capital Group Ltd. (NASDAQ:ACGL) Target Price at $118.38

Arch Capital Group Ltd. (NASDAQ:ACGL) has earned a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $118.38.

ACGL has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Arch Capital Group from $108.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Wells Fargo & Company lowered their price objective on Arch Capital Group from $118.00 to $109.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 19th. StockNews.com downgraded Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Bank of America dropped their price objective on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Finally, Evercore ISI lifted their price target on shares of Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a report on Wednesday, October 9th.

Hedge Funds Weigh In On Arch Capital Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ACGL. Quantbot Technologies LP bought a new stake in shares of Arch Capital Group in the third quarter worth about $25,000. UMB Bank n.a. bought a new stake in Arch Capital Group during the 2nd quarter worth approximately $30,000. Rothschild Investment LLC acquired a new stake in Arch Capital Group during the 2nd quarter worth approximately $35,000. Compagnie Lombard Odier SCmA bought a new position in Arch Capital Group in the third quarter valued at approximately $46,000. Finally, Asset Dedication LLC boosted its holdings in shares of Arch Capital Group by 188.1% in the third quarter. Asset Dedication LLC now owns 435 shares of the insurance provider’s stock valued at $49,000 after buying an additional 284 shares during the period. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Trading Up 0.6 %

Shares of ACGL stock opened at $92.67 on Monday. The business’s 50 day moving average is $98.88 and its two-hundred day moving average is $102.51. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. Arch Capital Group has a 12 month low of $73.04 and a 12 month high of $116.47. The company has a market cap of $34.87 billion, a PE ratio of 6.22, a price-to-earnings-growth ratio of 1.49 and a beta of 0.62.

Arch Capital Group (NASDAQ:ACGL) last announced 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 business had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the firm posted $2.31 earnings per share. Equities analysts predict that Arch Capital Group will post 8.99 EPS for the current year.

Arch Capital Group Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th were paid a $5.00 dividend. The ex-dividend date was Monday, November 18th.

About Arch Capital Group

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.