Arch Capital Group Ltd. (NASDAQ:ACGL) Receives $118.38 Average Price Target from Analysts

Arch Capital Group Ltd. (NASDAQ:ACGL) has been given a consensus rating of “Moderate Buy” by the sixteen brokerages that are covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $118.38.

A number of equities research analysts have recently commented on the company. StockNews.com lowered Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. BMO Capital Markets lifted their price target on shares of Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a research note on Wednesday, November 6th. Roth Mkm increased their price objective on shares of Arch Capital Group from $110.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Wells Fargo & Company cut their price objective on shares of Arch Capital Group from $118.00 to $109.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 19th. Finally, JMP Securities increased their target price on Arch Capital Group from $115.00 to $125.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 15th.

Arch Capital Group Stock Down 1.4 %

Shares of NASDAQ:ACGL opened at $99.30 on Thursday. The company has a 50 day moving average price of $105.40 and a two-hundred day moving average price of $103.45. The company has a market capitalization of $37.36 billion, a PE ratio of 6.66, a PEG ratio of 1.60 and a beta of 0.61. Arch Capital Group has a 52 week low of $72.85 and a 52 week high of $116.47. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58.

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

Arch Capital Group Dividend Announcement

The company also recently announced a special dividend, which will be paid on Wednesday, December 4th. Investors of record on Monday, November 18th will be paid a $5.00 dividend. The ex-dividend date of this dividend is Monday, November 18th.

Institutional Trading of Arch Capital Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp increased its stake in shares of Arch Capital Group by 1.1% during the 3rd quarter. State Street Corp now owns 16,587,446 shares of the insurance provider’s stock worth $1,855,803,000 after purchasing an additional 172,628 shares during the last quarter. Geode Capital Management LLC increased its position in Arch Capital Group by 2.4% during the third quarter. Geode Capital Management LLC now owns 10,830,263 shares of the insurance provider’s stock worth $1,208,307,000 after buying an additional 253,648 shares during the last quarter. Principal Financial Group Inc. raised its stake in Arch Capital Group by 4.8% in the third quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider’s stock valued at $832,246,000 after buying an additional 337,786 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Arch Capital Group by 1.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,124,251 shares of the insurance provider’s stock valued at $573,301,000 after buying an additional 49,426 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Arch Capital Group by 6.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,925,288 shares of the insurance provider’s stock worth $396,026,000 after acquiring an additional 244,285 shares during the period. 89.07% of the stock is owned by institutional investors.

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.