Arch Capital Group Ltd. (NASDAQ:ACGL) Receives Consensus Rating of “Moderate Buy” from Brokerages

Arch Capital Group Ltd. (NASDAQ:ACGL) has received a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $117.19.

A number of equities analysts have issued reports on ACGL shares. Keefe, Bruyette & Woods decreased their price target on Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. JPMorgan Chase & Co. decreased their target price on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. Wells Fargo & Company cut their price target on shares of Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. UBS Group lowered their price objective on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Finally, Barclays dropped their target price on shares of 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.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 140,023 shares in the company, valued at approximately $12,742,093. This trade represents a 7.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On Arch Capital Group

A number of large investors have recently made changes to their positions in the business. Quantbot Technologies LP purchased a new position in Arch Capital Group during the third quarter valued at approximately $25,000. Capital A Wealth Management LLC purchased a new stake in Arch Capital Group in the 4th quarter worth approximately $25,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Arch Capital Group during the 4th quarter valued at $37,000. Golden State Wealth Management LLC acquired a new stake in shares of Arch Capital Group during the 4th quarter valued at $42,000. Finally, Y.D. More Investments Ltd grew its holdings in shares of Arch Capital Group by 125.6% during the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 260 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

Shares of ACGL opened at $96.14 on Wednesday. The firm has a market capitalization of $36.12 billion, a PE ratio of 8.58, a P/E/G ratio of 2.31 and a beta of 0.62. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average price of $92.19 and a 200 day moving average price of $97.88. Arch Capital Group has a 52-week low of $87.42 and a 52-week high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the previous year, the firm earned $2.45 earnings per share. On average, sell-side analysts anticipate that Arch Capital Group will post 8.42 earnings per share for the current fiscal 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.