Arch Capital Group Ltd. (NASDAQ:ACGL) Receives $109.20 Average PT from Brokerages

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have been given a consensus recommendation of “Hold” by the eighteen research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $109.20.

A number of equities analysts have recently commented on ACGL shares. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $104.00 target price (up from $102.00) on shares of Arch Capital Group in a report on Thursday, February 12th. Wells Fargo & Company lifted their price objective on shares of Arch Capital Group from $106.00 to $109.00 and gave the company an “overweight” rating in a research note on Wednesday, February 11th. Weiss Ratings raised shares of Arch Capital Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 4th. Royal Bank Of Canada increased their target price on shares of Arch Capital Group from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 11th. Finally, Citigroup restated a “buy” rating and issued a $120.00 price target (up from $113.00) on shares of Arch Capital Group in a research report on Friday, February 13th.

Insider Activity

In related news, CFO Francois Morin sold 8,000 shares of Arch Capital Group stock in a transaction on Friday, November 28th. The shares were sold at an average price of $94.62, for a total value of $756,960.00. Following the transaction, the chief financial officer directly owned 266,681 shares in the company, valued at $25,233,356.22. This trade represents a 2.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Maamoun Rajeh sold 47,430 shares of the business’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $96.12, for a total transaction of $4,558,971.60. Following the completion of the transaction, the insider directly owned 433,589 shares in the company, valued at $41,676,574.68. This represents a 9.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 268,096 shares of company stock valued at $25,287,645. Company insiders own 4.20% of the company’s stock.

Institutional Trading of Arch Capital Group

Several hedge funds and other institutional investors have recently made changes to their positions in ACGL. MidFirst Bank acquired a new stake in Arch Capital Group in the fourth quarter valued at about $46,000. DGS Capital Management LLC acquired a new position in Arch Capital Group during the 4th quarter worth approximately $302,000. SG Trading Solutions LLC purchased a new position in shares of Arch Capital Group during the 4th quarter worth approximately $393,000. Pacer Advisors Inc. lifted its holdings in shares of Arch Capital Group by 4.7% in the 4th quarter. Pacer Advisors Inc. now owns 42,597 shares of the insurance provider’s stock valued at $4,086,000 after buying an additional 1,897 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of Arch Capital Group in the 4th quarter valued at approximately $346,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Up 0.2%

Shares of NASDAQ ACGL opened at $99.36 on Friday. The stock has a market cap of $36.03 billion, a PE ratio of 8.55, a price-to-earnings-growth ratio of 3.97 and a beta of 0.42. The company has a quick ratio of 0.55, a current ratio of 0.53 and a debt-to-equity ratio of 0.13. Arch Capital Group has a 52-week low of $82.44 and a 52-week high of $103.39. The business has a 50-day moving average price of $95.93 and a 200 day moving average price of $92.51.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Monday, February 9th. The insurance provider reported $2.98 EPS for the quarter, topping the consensus estimate of $2.34 by $0.64. The company had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.94 billion. Arch Capital Group had a return on equity of 16.73% and a net margin of 22.07%.During the same quarter in the previous year, the company posted $2.26 earnings per share. Equities research analysts forecast that Arch Capital Group will post 8.42 earnings per share for the current year.

About Arch Capital Group

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.