Arch Capital Group Ltd. (NASDAQ:ACGL) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Arch Capital Group has a consensus “Hold” rating among 15 brokerages: seven recommend buying, seven advise holding, and one recommends selling. The average 12-month price target is $111.11.
• Recent analysts have generally raised their price targets, including UBS to $120, Morgan Stanley and Cantor Fitzgerald to $110, and Mizuho to $104.
• Arch reported quarterly EPS of $2.56, beating estimates of $2.47, while revenue of $4.67 billion also exceeded expectations. Institutional investors own approximately 89.07% of the company.

Arch Capital Group Ltd. (NASDAQ:ACGL - Get Free Report) has been assigned an average rating of "Hold" from the fifteen brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $111.1071.

A number of equities research analysts recently issued reports on the company. UBS Group reiterated a "buy" rating and issued a $120.00 price objective (up from $114.00) on shares of Arch Capital Group in a research report on Wednesday, July 8th. Morgan Stanley boosted their target price on Arch Capital Group from $105.00 to $110.00 and gave the stock an "overweight" rating in a research report on Monday, July 6th. Cantor Fitzgerald boosted their target price on Arch Capital Group from $102.00 to $110.00 and gave the stock a "neutral" rating in a research report on Monday, August 3rd. Citigroup restated a "market outperform" rating on shares of Arch Capital Group in a research note on Wednesday, July 29th. Finally, Mizuho raised their price target on Arch Capital Group from $101.00 to $104.00 and gave the company a "neutral" rating in a report on Thursday, July 9th.

Arch Capital Group Stock Performance

Arch Capital Group stock opened at $98.71 on Friday. The firm's 50 day simple moving average is $98.13 and its 200 day simple moving average is $96.60. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $33.68 billion, a PE ratio of 7.72, a price-to-earnings-growth ratio of 10.27 and a beta of 0.31. Arch Capital Group has a 1-year low of $82.44 and a 1-year high of $107.08.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The insurance provider reported $2.56 EPS for the quarter, beating the consensus estimate of $2.47 by $0.09. The firm had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.36 billion. Arch Capital Group had a net margin of 24.40% and a return on equity of 17.06%. During the same period last year, the firm earned $2.58 EPS. As a group, analysts expect that Arch Capital Group will post 9.45 earnings per share for the current fiscal year.

Insider Buying and Selling at Arch Capital Group

In related news, Director Brian S. Posner sold 3,000 shares of the company's stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $19.66, for a total value of $58,980.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 3.30% of the company's stock.

Institutional Investors Weigh In On Arch Capital Group

Several hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc increased its stake in Arch Capital Group by 4.3% in the fourth quarter. Legal & General Group Plc now owns 2,944,169 shares of the insurance provider's stock valued at $282,405,000 after acquiring an additional 121,090 shares during the last quarter. National Pension Service raised its position in Arch Capital Group by 8.5% during the fourth quarter. National Pension Service now owns 683,272 shares of the insurance provider's stock valued at $65,539,000 after purchasing an additional 53,661 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in Arch Capital Group by 10.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 187,002 shares of the insurance provider's stock worth $18,024,000 after purchasing an additional 17,923 shares during the last quarter. Oxbow Advisors LLC lifted its stake in Arch Capital Group by 83.7% during the fourth quarter. Oxbow Advisors LLC now owns 84,290 shares of the insurance provider's stock worth $8,085,000 after purchasing an additional 38,402 shares during the last quarter. Finally, Schwartz Investment Counsel Inc. purchased a new position in shares of Arch Capital Group in the 4th quarter worth about $9,592,000. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Company Profile

Arch Capital Group Ltd. NASDAQ: ACGL is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch's product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source