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

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have been given an average rating of “Moderate Buy” by the sixteen research firms that are presently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $118.38.

Several analysts have recently commented on the stock. Citigroup raised their target price on shares of Arch Capital Group from $105.00 to $114.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. BMO Capital Markets raised their price objective on shares of Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a research report on Wednesday, November 6th. StockNews.com cut Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Bank of America reduced their price target on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a report on Friday, November 15th. Finally, Evercore ISI upped their price objective on Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a report on Wednesday, October 9th.

Arch Capital Group Stock Up 2.2 %

ACGL opened at $90.99 on Monday. Arch Capital Group has a 52 week low of $73.04 and a 52 week high of $116.47. The business has a 50 day moving average price of $99.86 and a two-hundred day moving average price of $102.67. 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 company has a market cap of $34.23 billion, a PE ratio of 6.11, a P/E/G ratio of 1.49 and a beta of 0.62.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, topping the consensus estimate of $1.94 by $0.05. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. The business had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the prior year, the business earned $2.31 earnings per share. As a group, research analysts anticipate that Arch Capital Group will post 8.99 EPS for the current year.

Arch Capital Group Announces Dividend

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

Institutional Trading of Arch Capital Group

Several institutional investors and hedge funds have recently modified their holdings of ACGL. Farther Finance Advisors LLC increased its stake in shares of Arch Capital Group by 12.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider’s stock worth $100,000 after purchasing an additional 101 shares in the last quarter. Fiduciary Financial Group LLC increased its position in Arch Capital Group by 2.8% during the third quarter. Fiduciary Financial Group LLC now owns 3,779 shares of the insurance provider’s stock worth $415,000 after buying an additional 103 shares in the last quarter. Fidelis Capital Partners LLC increased its position in Arch Capital Group by 3.1% during the second quarter. Fidelis Capital Partners LLC now owns 3,553 shares of the insurance provider’s stock worth $344,000 after buying an additional 106 shares in the last quarter. KG&L Capital Management LLC raised its holdings in shares of Arch Capital Group by 1.1% in the third quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider’s stock worth $1,214,000 after acquiring an additional 115 shares during the last quarter. Finally, Marks Group Wealth Management Inc lifted its position in shares of Arch Capital Group by 4.2% in the third quarter. Marks Group Wealth Management Inc now owns 2,884 shares of the insurance provider’s stock valued at $323,000 after acquiring an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

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.