Arch Capital Group Ltd. (NASDAQ:ACGL) Receives $96.23 Consensus Target Price from Analysts

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have received an average recommendation of “Moderate Buy” from the twelve research firms that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $96.23.

ACGL has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their target price on Arch Capital Group from $88.00 to $92.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. JMP Securities reaffirmed a “market outperform” rating and set a $100.00 target price on shares of Arch Capital Group in a research note on Monday, April 15th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $98.00 target price on shares of Arch Capital Group in a research note on Friday, February 16th. Morgan Stanley upped their target price on Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Finally, Evercore ISI upped their target price on Arch Capital Group from $92.00 to $100.00 and gave the company an “in-line” rating in a research note on Thursday, April 11th.

Insider Buying and Selling

In related news, CEO Maamoun Rajeh sold 50,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total value of $4,374,000.00. Following the transaction, the chief executive officer now owns 336,170 shares of the company’s stock, valued at $29,408,151.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Arch Capital Group news, insider Nicolas Papadopoulo sold 60,000 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the sale, the insider now owns 651,931 shares of the company’s stock, valued at approximately $57,057,001.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Maamoun Rajeh sold 50,000 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $87.48, for a total value of $4,374,000.00. Following the sale, the chief executive officer now directly owns 336,170 shares in the company, valued at approximately $29,408,151.60. The disclosure for this sale can be found here. Insiders have sold a total of 135,689 shares of company stock valued at $11,872,217 over the last quarter. 4.00% of the stock is owned by corporate insiders.

Institutional Trading of Arch Capital Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Householder Group Estate & Retirement Specialist LLC purchased a new stake in shares of Arch Capital Group during the 4th quarter valued at $27,000. Larson Financial Group LLC purchased a new stake in shares of Arch Capital Group during the 4th quarter valued at $30,000. Richardson Financial Services Inc. purchased a new stake in shares of Arch Capital Group during the 4th quarter valued at $33,000. Steward Financial Group LLC lifted its holdings in shares of Arch Capital Group by 180.7% during the 3rd quarter. Steward Financial Group LLC now owns 525 shares of the insurance provider’s stock valued at $41,000 after purchasing an additional 338 shares during the last quarter. Finally, CVA Family Office LLC purchased a new stake in shares of Arch Capital Group during the 4th quarter valued at $47,000. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Trading Down 0.1 %

Shares of ACGL stock opened at $93.78 on Wednesday. Arch Capital Group has a 1 year low of $69.05 and a 1 year high of $95.01. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.57 and a quick ratio of 0.57. The stock’s 50 day simple moving average is $89.96 and its two-hundred day simple moving average is $84.22. The company has a market cap of $35.18 billion, a PE ratio of 8.07, a price-to-earnings-growth ratio of 1.16 and a beta of 0.57.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Thursday, February 15th. The insurance provider reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.55. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. The business had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.67 billion. During the same period in the prior year, the business posted $2.14 earnings per share. Research analysts predict that Arch Capital Group will post 8.03 earnings per share 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.