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

Arch Capital Group Ltd. (NASDAQ:ACGL) has earned an average recommendation of “Moderate Buy” from the sixteen research firms that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $118.88.

A number of research firms have issued reports on ACGL. Evercore ISI boosted their price target on Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a research report on Wednesday, October 9th. Bank of America boosted their price target on Arch Capital Group from $119.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. StockNews.com cut Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Roth Mkm boosted their price objective on Arch Capital Group from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on Arch Capital Group from $108.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th.

Arch Capital Group Price Performance

ACGL stock opened at $99.80 on Friday. The stock has a 50-day moving average price of $109.41 and a two-hundred day moving average price of $102.89. Arch Capital Group has a 12-month low of $72.85 and a 12-month high of $116.47. The company has a current ratio of 0.58, a quick ratio of 0.60 and a debt-to-equity ratio of 0.17. The company has a market cap of $37.53 billion, a PE ratio of 6.70, a price-to-earnings-growth ratio of 1.36 and a beta of 0.61.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.05. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. The firm had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the previous year, the business earned $2.31 earnings per share. As a group, research analysts predict that Arch Capital Group will post 9.09 EPS for the current year.

Arch Capital Group Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th will be paid a dividend of $5.00 per share.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the sale, the chief financial officer now owns 221,779 shares in the company, valued at $22,723,476.34. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 4.20% of the stock is currently owned by insiders.

Institutional Trading of Arch Capital Group

Several institutional investors and hedge funds have recently bought and sold shares of ACGL. Norden Group LLC bought a new position in shares of Arch Capital Group during the first quarter valued at approximately $431,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Arch Capital Group by 6.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 94,729 shares of the insurance provider’s stock valued at $8,757,000 after purchasing an additional 5,607 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Arch Capital Group by 1.6% during the first quarter. Janney Montgomery Scott LLC now owns 90,592 shares of the insurance provider’s stock valued at $8,374,000 after purchasing an additional 1,444 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of Arch Capital Group by 5.4% during the first quarter. Nordea Investment Management AB now owns 27,951 shares of the insurance provider’s stock valued at $2,566,000 after purchasing an additional 1,442 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Arch Capital Group by 9.6% during the first quarter. Daiwa Securities Group Inc. now owns 36,777 shares of the insurance provider’s stock valued at $3,400,000 after purchasing an additional 3,216 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Company Profile

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.