Arch Capital Group Ltd. (NASDAQ:ACGL) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have been given a consensus rating of “Moderate Buy” by the sixteen research firms that are covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $118.38.

Several equities research analysts recently issued reports on ACGL shares. Wells Fargo & Company dropped their price target on shares of Arch Capital Group from $118.00 to $109.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 19th. Jefferies Financial Group boosted their price target on Arch Capital Group from $114.00 to $134.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Bank of America lowered their price objective on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Barclays began coverage on Arch Capital Group in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $120.00 target price on the stock. Finally, Evercore ISI lifted their price target on shares of Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 9th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Quantbot Technologies LP bought a new stake in shares of Arch Capital Group during the third quarter valued at approximately $25,000. UMB Bank n.a. bought a new stake in Arch Capital Group during the 2nd quarter valued at $30,000. Rothschild Investment LLC acquired a new position in Arch Capital Group during the 2nd quarter worth $35,000. Compagnie Lombard Odier SCmA bought a new position in shares of Arch Capital Group in the third quarter worth $46,000. Finally, Asset Dedication LLC increased its holdings in shares of Arch Capital Group by 188.1% during the third quarter. Asset Dedication LLC now owns 435 shares of the insurance provider’s stock valued at $49,000 after purchasing an additional 284 shares during the period. 89.07% of the stock is owned by institutional investors and hedge funds.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL opened at $92.34 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58. Arch Capital Group has a 1-year low of $73.51 and a 1-year high of $116.47. The company has a market capitalization of $34.74 billion, a price-to-earnings ratio of 6.20, a PEG ratio of 1.49 and a beta of 0.62. The business has a 50-day moving average of $98.25 and a 200-day moving average of $102.38.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.05. The firm had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same quarter in the prior year, the business earned $2.31 EPS. On average, equities analysts anticipate that Arch Capital Group will post 8.99 EPS for the current fiscal year.

Arch Capital Group Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Wednesday, December 4th. Investors of record on Monday, November 18th were issued a $5.00 dividend. The ex-dividend date of this dividend was Monday, November 18th.

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.