Arch Capital Group Ltd. (NASDAQ:ACGL) Stock Has Average Price Target of $110.82 According to Brokerages

Key Points

• Analysts have a consensus “Hold” rating on Arch Capital Group, with seven holds, six buys and one sell among 14 analysts. The average 12-month price target is $110.82 versus the stock’s reported $93.60 opening price.
• Recent analyst actions were generally constructive: RBC and UBS raised their price targets to $120, while Wells Fargo increased its target to $117 and Morgan Stanley to $110; Keefe, Bruyette & Woods lowered its target to $99.
• Arch Capital exceeded quarterly expectations, reporting $2.56 in EPS versus a $2.47 estimate and $4.67 billion in revenue versus $4.36 billion expected. Institutional investors own approximately 89.07% of the company, while the CFO recently sold 11,010 shares.

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Get Free Report) have earned a consensus rating of "Hold" from the fourteen analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $110.82.

ACGL has been the subject of several analyst reports. Keefe, Bruyette & Woods lowered their target price on shares of Arch Capital Group from $102.00 to $99.00 and set a "market perform" rating for the company in a report on Wednesday, July 8th. Royal Bank Of Canada reiterated an "outperform" rating and set a $120.00 price target (up from $115.00) on shares of Arch Capital Group in a research note on Thursday, July 30th. Wells Fargo & Company lifted their price objective on shares of Arch Capital Group from $114.00 to $117.00 and gave the company an "overweight" rating in a research note on Thursday, July 30th. UBS Group reiterated a "buy" rating and set a $120.00 price target (up from $114.00) on shares of Arch Capital Group in a research report on Wednesday, July 8th. Finally, Morgan Stanley lifted their price objective on Arch Capital Group from $105.00 to $110.00 and gave the company an "overweight" rating in a research note on Monday, July 6th.

Arch Capital Group Stock Down 0.7%

Arch Capital Group stock opened at $93.60 on Friday. Arch Capital Group has a 1-year low of $82.44 and a 1-year high of $107.08. The firm has a market capitalization of $31.94 billion, a price-to-earnings ratio of 7.32, a price-to-earnings-growth ratio of 4.61 and a beta of 0.28. The firm's fifty day moving average price is $98.10 and its two-hundred day moving average price is $96.48. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.23.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its earnings results on Tuesday, July 28th. The insurance provider reported $2.56 EPS for the quarter, topping the consensus estimate of $2.47 by $0.09. The company 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 in the previous year, the firm posted $2.58 earnings per share. On average, equities research analysts predict that Arch Capital Group will post 9.51 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Arch Capital Group news, CFO Francois Morin sold 11,010 shares of the firm's stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $99.32, for a total transaction of $1,093,513.20. Following the sale, the chief financial officer owned 184,826 shares in the company, valued at $18,356,918.32. This trade represents a 5.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Arch Capital Group

A number of hedge funds have recently bought and sold shares of ACGL. CX Institutional grew its stake in shares of Arch Capital Group by 6.9% during the third quarter. CX Institutional now owns 4,905 shares of the insurance provider's stock valued at $453,000 after buying an additional 317 shares during the last quarter. QRG Capital Management Inc. lifted its stake in shares of Arch Capital Group by 11.0% in the 2nd quarter. QRG Capital Management Inc. now owns 43,515 shares of the insurance provider's stock valued at $4,224,000 after acquiring an additional 4,296 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Arch Capital Group by 29.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 46,100 shares of the insurance provider's stock valued at $4,474,000 after acquiring an additional 10,562 shares during the period. National Pension Service boosted its holdings in Arch Capital Group by 3.5% during the 2nd quarter. National Pension Service now owns 719,128 shares of the insurance provider's stock valued at $69,799,000 after acquiring an additional 24,546 shares during the period. Finally, WINTON GROUP Ltd bought a new position in Arch Capital Group during the 2nd quarter worth approximately $4,625,000. Institutional investors own 89.07% of the company's stock.

About Arch Capital Group

Arch Capital Group Ltd. is a Bermuda-based insurance, reinsurance and mortgage insurance company whose shares trade on the Nasdaq under the symbol ACGL. The company was established in 1995 and has developed into a global provider of specialty risk-management products and services.

Through its insurance operations, Arch offers property, casualty, specialty, and accident and health coverage to businesses and other policyholders. Its reinsurance operations provide coverage and risk-transfer solutions to insurance companies across a range of property and casualty 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.