Brokerages Set Arch Capital Group Ltd. (NASDAQ:ACGL) Target Price at $53.33

Arch Capital Group Ltd. (NASDAQ:ACGLGet Rating) has received a consensus rating of “Buy” from the ten brokerages that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $53.33.

Several research analysts have commented on ACGL shares. Morgan Stanley raised their target price on Arch Capital Group from $52.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Monday, February 14th. JMP Securities lifted their price target on Arch Capital Group from $50.00 to $55.00 in a research report on Thursday, February 10th. Royal Bank of Canada lifted their price target on Arch Capital Group from $49.00 to $57.00 in a research report on Friday, February 11th. StockNews.com downgraded Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Tuesday, April 12th. Finally, MKM Partners lifted their price target on Arch Capital Group from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, February 10th.

Shares of NASDAQ:ACGL opened at $45.42 on Wednesday. The company’s 50-day moving average price is $47.11 and its two-hundred day moving average price is $45.58. Arch Capital Group has a 12 month low of $36.53 and a 12 month high of $50.73. The firm has a market cap of $17.06 billion, a P/E ratio of 9.73, a P/E/G ratio of 1.05 and a beta of 0.83. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.24.

Arch Capital Group (NASDAQ:ACGLGet Rating) last announced its quarterly earnings data on Wednesday, April 27th. The insurance provider reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.03). Arch Capital Group had a return on equity of 13.18% and a net margin of 21.45%. The firm had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period last year, the business posted $0.59 EPS. As a group, equities analysts predict that Arch Capital Group will post 4.3 earnings per share for the current fiscal year.

In other news, Director Brian S. Posner purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, April 29th. The shares were bought at an average cost of $19.23 per share, for a total transaction of $38,460.00. Following the completion of the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $38,460. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Francois Morin sold 12,351 shares of Arch Capital Group stock in a transaction that occurred on Monday, March 14th. The shares were sold at an average price of $46.36, for a total value of $572,592.36. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC lifted its holdings in shares of Arch Capital Group by 30.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 48,236 shares of the insurance provider’s stock valued at $2,145,000 after purchasing an additional 11,295 shares in the last quarter. Schroder Investment Management Group increased its position in Arch Capital Group by 452.5% during the third quarter. Schroder Investment Management Group now owns 127,606 shares of the insurance provider’s stock valued at $4,872,000 after acquiring an additional 104,509 shares during the last quarter. Franklin Resources Inc. increased its position in Arch Capital Group by 227.6% during the third quarter. Franklin Resources Inc. now owns 97,887 shares of the insurance provider’s stock valued at $3,737,000 after acquiring an additional 68,004 shares during the last quarter. Sepio Capital LP increased its position in Arch Capital Group by 5.0% in the fourth quarter. Sepio Capital LP now owns 16,215 shares of the insurance provider’s stock worth $721,000 after buying an additional 767 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in Arch Capital Group by 4.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 64,559 shares of the insurance provider’s stock worth $2,870,000 after buying an additional 3,013 shares in the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Arch Capital Group Company Profile (Get Rating)

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; collateral protection, debt cancellation, and service contract reimbursement products; 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.

Further Reading

Analyst Recommendations for Arch Capital Group (NASDAQ:ACGL)

Receive News & Ratings for Arch Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arch Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.