Arch Capital Group - ACGL Stock Forecast, Price & News

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; collateral protection, debt cancellation, and service contract reimbursement products; 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. It also provides property, energy, marine, and aviation insurance; travel insurance; accident, disability, and medical plan insurance coverages; captive insurance programs; employer's liability; and contract and commercial surety coverages. This segment markets its products through a group of licensed independent retail and wholesale brokers. Its Reinsurance segment provides casualty reinsurance for third party liability and workers' compensation exposures; marine and aviation; surety, accident and health, workers' compensation catastrophe, agriculture, trade credit, and political risk products; reinsurance protection for catastrophic losses, and personal lines and commercial property exposures; life reinsurance; casualty clash; and risk management solutions. This segment markets its reinsurance products through brokers. The company's Mortgage segment offers direct mortgage insurance and mortgage reinsurance. The company was incorporated in 1995 and is based in Pembroke, Bermuda.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. StockNews.com cut shares of Arch Capital Group from a "buy" rating to a "hold" rating in a report on Tuesday, April 12th. Barclays cut their target price on shares of Arch Capital Group from $54.00 to $52.00 and set an "overweight" rating on the stock in a report on Thursday, July 14th. Finally, Morgan Stanley cut their target price on shares of Arch Capital Group from $53.00 to $50.00 and set an "equal weight" rating on the stock in a report on Monday, May 23rd. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Arch Capital Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $53.11.

Arch Capital Group Stock Performance

ACGL traded up $0.50 during trading on Tuesday, hitting $44.65. The stock had a trading volume of 779,419 shares, compared to its average volume of 1,909,590. The firm has a market capitalization of $16.48 billion, a P/E ratio of 10.82, a PEG ratio of 0.96 and a beta of 0.75. Arch Capital Group has a twelve month low of $37.44 and a twelve month high of $50.73. The company's 50-day moving average price is $44.54 and its 200 day moving average price is $46.04. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.62 and a current ratio of 0.62.

Arch Capital Group (NASDAQ:ACGL - Get Rating) last issued its earnings results on Wednesday, July 27th. The insurance provider reported $1.34 EPS for the quarter, topping the consensus estimate of $1.09 by $0.25. The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.51 billion. Arch Capital Group had a net margin of 19.06% and a return on equity of 14.45%. The business's revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.00 EPS. On average, equities research analysts forecast that Arch Capital Group will post 4.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other Arch Capital Group news, CEO Maamoun Rajeh sold 12,237 shares of the business's stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $47.06, for a total transaction of $575,873.22. Following the sale, the chief executive officer now directly owns 412,990 shares in the company, valued at approximately $19,435,309.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.20% of the company's stock.