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

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have been given an average recommendation of “Moderate Buy” by the fifteen research firms that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $118.00.

A number of brokerages have recently issued reports on ACGL. Evercore ISI boosted their target price on Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 9th. Royal Bank of Canada cut their price objective on Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Wells Fargo & Company reduced their price objective on shares of Arch Capital Group from $109.00 to $107.00 and set an “overweight” rating for the company in a research note on Tuesday. JMP Securities lifted their target price on shares of Arch Capital Group from $115.00 to $125.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 15th. Finally, BMO Capital Markets lifted their target price on shares of Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a research note on Wednesday, November 6th.

Institutional Investors Weigh In On Arch Capital Group

A number of large investors have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Arch Capital Group by 245.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,739 shares of the insurance provider’s stock valued at $341,652,000 after purchasing an additional 2,168,897 shares during the period. Erste Asset Management GmbH acquired a new position in Arch Capital Group in the 3rd quarter valued at $82,748,000. National Pension Service bought a new position in Arch Capital Group in the 3rd quarter worth $64,271,000. International Assets Investment Management LLC lifted its position in Arch Capital Group by 18,634.1% during the 3rd quarter. International Assets Investment Management LLC now owns 551,345 shares of the insurance provider’s stock worth $616,840,000 after acquiring an additional 548,402 shares during the last quarter. Finally, Brandes Investment Partners LP bought a new stake in Arch Capital Group during the second quarter valued at about $48,119,000. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

Shares of ACGL opened at $96.10 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58. The firm’s 50 day moving average is $95.35 and its 200-day moving average is $101.61. Arch Capital Group has a 12-month low of $77.53 and a 12-month high of $116.47. The stock has a market capitalization of $36.16 billion, a P/E ratio of 6.45, a P/E/G ratio of 1.41 and a beta of 0.64.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.05. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. The firm had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the business posted $2.31 earnings per share. Equities research analysts anticipate that Arch Capital Group will post 8.85 EPS for the current fiscal year.

Arch Capital Group Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Wednesday, December 4th. Investors of record on Monday, November 18th were paid a $5.00 dividend. The ex-dividend date was Monday, November 18th.

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.