Analysts Set Arch Capital Group Ltd. (NASDAQ:ACGL) Target Price at $117.19

Arch Capital Group Ltd. (NASDAQ:ACGL) has received an average recommendation of “Moderate Buy” from the sixteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $117.19.

Several equities analysts have recently commented on ACGL shares. UBS Group reduced their price target on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Barclays reduced their target price on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. JMP Securities reiterated a “market outperform” rating and issued a $125.00 price target on shares of Arch Capital Group in a report on Tuesday, February 11th. Bank of America dropped their price target on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Finally, Royal Bank of Canada decreased their price objective on shares of Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th.

Arch Capital Group Stock Performance

Arch Capital Group stock opened at $89.16 on Friday. Arch Capital Group has a 52 week low of $87.42 and a 52 week high of $116.47. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. The stock has a market cap of $33.47 billion, a P/E ratio of 7.96, a price-to-earnings-growth ratio of 2.31 and a beta of 0.62. The stock has a 50 day moving average of $91.83 and a 200-day moving average of $99.69.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. During the same quarter in the prior year, the business posted $2.45 EPS. On average, analysts expect that Arch Capital Group will post 8.42 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Louis T. Petrillo sold 11,600 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the completion of the transaction, the insider now directly owns 140,023 shares in the company, valued at approximately $12,742,093. The trade was a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.20% of the stock is owned by insiders.

Institutional Trading of Arch Capital Group

Several large investors have recently added to or reduced their stakes in ACGL. Cim LLC grew its stake in shares of Arch Capital Group by 1.1% in the fourth quarter. Cim LLC now owns 11,194 shares of the insurance provider’s stock worth $1,034,000 after purchasing an additional 124 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Arch Capital Group in the fourth quarter worth about $23,156,000. Capital A Wealth Management LLC bought a new position in Arch Capital Group in the 4th quarter valued at about $25,000. Toronto Dominion Bank increased its stake in Arch Capital Group by 7.2% during the 4th quarter. Toronto Dominion Bank now owns 200,657 shares of the insurance provider’s stock valued at $18,526,000 after buying an additional 13,533 shares during the period. Finally, Auxier Asset Management raised its position in shares of Arch Capital Group by 29.4% during the 4th quarter. Auxier Asset Management now owns 4,530 shares of the insurance provider’s stock worth $418,000 after buying an additional 1,030 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

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.