Arch Capital Group Ltd. (NASDAQ:ACGL) Given Average Rating of “Buy” by Analysts

Arch Capital Group Ltd. (NASDAQ:ACGLGet Rating) has earned a consensus rating of “Buy” from the ten ratings firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $53.33.

A number of equities research analysts have recently commented on the stock. UBS Group upped their target price on shares of Arch Capital Group from $49.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, January 12th. JMP Securities increased their price target on shares of Arch Capital Group from $50.00 to $55.00 in a report on Thursday, February 10th. Wells Fargo & Company increased their price target on shares of Arch Capital Group from $49.00 to $51.00 and gave the stock an “overweight” rating in a report on Tuesday, January 4th. MKM Partners increased their price target on shares of Arch Capital Group from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, February 10th. Finally, Barclays increased their price target on shares of Arch Capital Group from $50.00 to $51.00 and gave the stock an “overweight” rating in a report on Thursday, January 6th.

Shares of NASDAQ:ACGL opened at $47.31 on Friday. The company has a 50-day simple moving average of $47.18 and a 200-day simple moving average of $45.01. Arch Capital Group has a one year low of $36.53 and a one year high of $50.73. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market capitalization of $17.93 billion, a price-to-earnings ratio of 9.03, a PEG ratio of 1.10 and a beta of 0.85.

Arch Capital Group (NASDAQ:ACGLGet Rating) last announced its earnings results on Wednesday, February 9th. The insurance provider reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.25. Arch Capital Group had a net margin of 23.32% and a return on equity of 11.51%. The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the prior year, the company earned $0.56 earnings per share. As a group, research analysts forecast that Arch Capital Group will post 4.45 EPS for the current fiscal year.

In other Arch Capital Group news, CFO Francois Morin sold 12,351 shares of the company’s stock in a transaction dated Monday, March 14th. The shares were sold at an average price of $46.36, for a total transaction of $572,592.36. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 4.20% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Schroder Investment Management Group grew its position in shares of Arch Capital Group by 452.5% in the third quarter. Schroder Investment Management Group now owns 127,606 shares of the insurance provider’s stock valued at $4,872,000 after purchasing an additional 104,509 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Arch Capital Group by 227.6% in the third quarter. Franklin Resources Inc. now owns 97,887 shares of the insurance provider’s stock valued at $3,737,000 after purchasing an additional 68,004 shares during the last quarter. Sepio Capital LP grew its position in shares of Arch Capital Group by 5.0% in the fourth quarter. Sepio Capital LP now owns 16,215 shares of the insurance provider’s stock valued at $721,000 after purchasing an additional 767 shares during the last quarter. Resonant Capital Advisors LLC grew its position in shares of Arch Capital Group by 8.7% in the fourth quarter. Resonant Capital Advisors LLC now owns 13,123 shares of the insurance provider’s stock valued at $583,000 after purchasing an additional 1,055 shares during the last quarter. Finally, Desjardins Global Asset Management Inc. acquired a new stake in shares of Arch Capital Group in the fourth quarter valued at approximately $209,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

About Arch Capital Group (Get Rating)

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.

Featured Stories

Analyst Recommendations for Arch Capital Group (NASDAQ:ACGL)

Receive News & Ratings for Arch Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arch Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.