Analysts Set Arch Capital Group Ltd. (NASDAQ:ACGL) Price Target at $44.25

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have earned a consensus recommendation of “Buy” from the nine brokerages that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $44.25.

Several equities research analysts have commented on ACGL shares. Wolfe Research started coverage on shares of Arch Capital Group in a report on Monday, August 16th. They set an “outperform” rating and a $51.00 price objective on the stock. Morgan Stanley began coverage on shares of Arch Capital Group in a research report on Monday, August 16th. They set an “equal weight” rating and a $47.00 price target on the stock.

NASDAQ:ACGL traded up $0.05 during mid-day trading on Friday, hitting $39.31. 152,525 shares of the company’s stock were exchanged, compared to its average volume of 2,140,006. The company has a 50 day simple moving average of $39.77 and a 200-day simple moving average of $39.28. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.28. Arch Capital Group has a fifty-two week low of $27.41 and a fifty-two week high of $42.54. The firm has a market capitalization of $15.57 billion, a P/E ratio of 7.82, a PEG ratio of 1.18 and a beta of 0.88.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Tuesday, July 27th. The insurance provider reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.15. The company had revenue of $2.24 billion for the quarter. Arch Capital Group had a net margin of 21.77% and a return on equity of 7.86%. As a group, analysts expect that Arch Capital Group will post 3.31 earnings per share for the current year.

In other news, CFO Francois Morin sold 5,000 shares of Arch Capital Group stock in a transaction dated Friday, August 20th. The stock was sold at an average price of $42.04, for a total transaction of $210,200.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.90% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in ACGL. Quadrant Capital Group LLC grew its position in Arch Capital Group by 197.9% in the 1st quarter. Quadrant Capital Group LLC now owns 1,281 shares of the insurance provider’s stock valued at $49,000 after acquiring an additional 851 shares during the last quarter. Penserra Capital Management LLC increased its holdings in shares of Arch Capital Group by 29.4% in the second quarter. Penserra Capital Management LLC now owns 1,277 shares of the insurance provider’s stock valued at $49,000 after purchasing an additional 290 shares during the period. Bessemer Group Inc. increased its holdings in shares of Arch Capital Group by 67.9% in the first quarter. Bessemer Group Inc. now owns 1,338 shares of the insurance provider’s stock valued at $51,000 after purchasing an additional 541 shares during the period. Allred Capital Management LLC acquired a new position in shares of Arch Capital Group in the first quarter valued at about $58,000. Finally, First Mercantile Trust Co. increased its holdings in shares of Arch Capital Group by 155.5% in the first quarter. First Mercantile Trust Co. now owns 1,602 shares of the insurance provider’s stock valued at $61,000 after purchasing an additional 975 shares during the period. 88.64% of the stock is currently owned by institutional investors and hedge funds.

Arch Capital Group Company Profile

Arch Capital Group Ltd. provides property and casualty insurance and reinsurance lines. It operates through the following segments: Insurance, Reinsurance, Mortgage, Corporate (Non-Underwriting), and Other. The Insurance segment consists insurance underwriting units which offer specialty product lines like construction and national accounts, excess and surplus casualty, lenders products, professional lines, and programs.

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Analyst Recommendations for Arch Capital Group (NASDAQ:ACGL)

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