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

Key Points

• Arch Capital Group Ltd. has a consensus rating of "Moderate Buy" from 16 ratings firms, with an average 12-month price target of $109.36.
• The company's stock recently opened at $88.46 and has fluctuated between a 12-month low of $82.49 and a high of $116.47.
• Arch Capital Group reported $2.58 earnings per share for the last quarter, beating analysts' estimates by $0.28.

Arch Capital Group Ltd. (NASDAQ:ACGL - Get Free Report) has earned a consensus rating of "Moderate Buy" from the sixteen ratings firms that are currently covering the company, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $109.3571.

Several equities research analysts have issued reports on ACGL shares. Cantor Fitzgerald raised shares of Arch Capital Group to a "hold" rating in a research report on Wednesday, August 13th. Keefe, Bruyette & Woods boosted their price target on Arch Capital Group from $102.00 to $103.00 and gave the company a "market perform" rating in a report on Thursday, August 14th. Citigroup started coverage on Arch Capital Group in a report on Wednesday, August 13th. They set a "buy" rating and a $113.00 price objective on the stock. UBS Group reaffirmed a "buy" rating and set a $118.00 target price (down from $124.00) on shares of Arch Capital Group in a research report on Monday, August 4th. Finally, Wolfe Research began coverage on Arch Capital Group in a research report on Monday, September 15th. They set a "peer perform" rating on the stock.

Arch Capital Group Stock Performance

ACGL stock opened at $88.46 on Wednesday. Arch Capital Group has a twelve month low of $82.49 and a twelve month high of $116.47. The firm has a market cap of $33.02 billion, a price-to-earnings ratio of 9.13, a PEG ratio of 5.39 and a beta of 0.51. The business's fifty day simple moving average is $89.73 and its two-hundred day simple moving average is $91.20. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.16.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its earnings results on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.30 by $0.28. The firm had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.29 billion. Arch Capital Group had a net margin of 19.49% and a return on equity of 15.33%. During the same period in the previous year, the firm earned $2.57 earnings per share. Analysts predict that Arch Capital Group will post 8.42 earnings per share for the current year.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, insider Maamoun Rajeh sold 10,000 shares of the company's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $94.15, for a total transaction of $941,500.00. Following the completion of the sale, the insider owned 433,589 shares in the company, valued at $40,822,404.35. This represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 4.10% of the stock is currently owned by insiders.

Institutional Trading of Arch Capital Group

Hedge funds have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Arch Capital Group by 14.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,804 shares of the insurance provider's stock worth $4,924,000 after buying an additional 6,406 shares during the last quarter. DAVENPORT & Co LLC acquired a new stake in Arch Capital Group in the first quarter valued at approximately $251,000. D.A. Davidson & CO. grew its holdings in Arch Capital Group by 10.9% in the first quarter. D.A. Davidson & CO. now owns 45,552 shares of the insurance provider's stock worth $4,381,000 after purchasing an additional 4,460 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in shares of Arch Capital Group by 24.7% during the first quarter. Crossmark Global Holdings Inc. now owns 37,625 shares of the insurance provider's stock worth $3,619,000 after purchasing an additional 7,448 shares in the last quarter. Finally, World Investment Advisors lifted its holdings in shares of Arch Capital Group by 114.1% during the 1st quarter. World Investment Advisors now owns 6,321 shares of the insurance provider's stock valued at $608,000 after purchasing an additional 3,369 shares during the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

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.

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