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

Arch Capital Group Ltd. (NASDAQ:ACGL) has received an average recommendation of “Moderate Buy” from the sixteen research firms that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $118.38.

Several equities research analysts recently commented on ACGL shares. StockNews.com lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Citigroup raised their price target on shares of Arch Capital Group from $105.00 to $114.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Bank of America cut 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. Keefe, Bruyette & Woods raised their target price on Arch Capital Group from $120.00 to $121.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. boosted their price target on Arch Capital Group from $108.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th.

Arch Capital Group Trading Up 0.3 %

ACGL stock opened at $100.74 on Thursday. Arch Capital Group has a 52-week low of $72.85 and a 52-week high of $116.47. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. The firm has a market cap of $37.90 billion, a P/E ratio of 6.76, a PEG ratio of 1.59 and a beta of 0.61. The company’s 50-day simple moving average is $106.11 and its 200-day simple moving average is $103.39.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, beating the consensus estimate of $1.94 by $0.05. The company had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.05 billion. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same period last year, the company earned $2.31 earnings per share. As a group, equities analysts forecast that Arch Capital Group will post 8.99 EPS for the current fiscal year.

Arch Capital Group Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Wednesday, December 4th. Investors of record on Monday, November 18th will be given a $5.00 dividend. The ex-dividend date of this dividend is Monday, November 18th.

Institutional Investors Weigh In On Arch Capital Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quantbot Technologies LP acquired a new stake in shares of Arch Capital Group during the third quarter valued at about $25,000. UMB Bank n.a. acquired a new stake in shares of Arch Capital Group in the second quarter valued at $30,000. Baldwin Brothers LLC MA raised its holdings in shares of Arch Capital Group by 50.7% in the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock valued at $31,000 after buying an additional 104 shares during the period. Rothschild Investment LLC purchased a new position in Arch Capital Group during the 2nd quarter valued at about $35,000. Finally, LRI Investments LLC purchased a new position in Arch Capital Group during the 1st quarter valued at about $38,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

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.