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

Arch Capital Group Ltd. (NASDAQ:ACGL) has earned an average rating of “Moderate Buy” from the sixteen analysts that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $118.38.

ACGL has been the topic of several research analyst reports. JMP Securities lifted their price objective on Arch Capital Group from $115.00 to $125.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 15th. StockNews.com cut shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Citigroup increased their price objective on shares of Arch Capital Group from $105.00 to $114.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Evercore ISI lifted their target price on shares of Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a report on Wednesday, October 9th. Finally, BMO Capital Markets increased their price target on Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a report on Wednesday, November 6th.

Arch Capital Group Stock Down 0.6 %

ACGL opened at $92.34 on Monday. Arch Capital Group has a 12 month low of $73.51 and a 12 month high of $116.47. The business has a 50-day moving average of $98.25 and a two-hundred day moving average of $102.40. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58. The stock has a market capitalization of $34.74 billion, a price-to-earnings ratio of 6.20, a price-to-earnings-growth ratio of 1.49 and a beta of 0.62.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.05. The company 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 period in the previous year, the company earned $2.31 EPS. On average, research analysts expect that Arch Capital Group will post 8.99 earnings per share for the current year.

Arch Capital Group Announces Dividend

The business also recently declared a special dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were given a dividend of $5.00 per share. The ex-dividend date of this dividend was Monday, November 18th.

Institutional Trading of Arch Capital Group

Institutional investors have recently added to or reduced their stakes in the stock. Oddo BHF Asset Management Sas acquired a new position in Arch Capital Group during the 3rd quarter worth $1,846,000. Franklin Resources Inc. grew its stake in Arch Capital Group by 10.1% in the third quarter. Franklin Resources Inc. now owns 608,467 shares of the insurance provider’s stock worth $67,595,000 after purchasing an additional 55,939 shares in the last quarter. Synovus Financial Corp increased its holdings in Arch Capital Group by 12.7% in the third quarter. Synovus Financial Corp now owns 4,601 shares of the insurance provider’s stock valued at $515,000 after buying an additional 519 shares during the last quarter. Tidal Investments LLC raised its stake in Arch Capital Group by 19.6% during the third quarter. Tidal Investments LLC now owns 24,505 shares of the insurance provider’s stock valued at $2,742,000 after buying an additional 4,022 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Arch Capital Group during the 3rd quarter worth approximately $6,817,000. 89.07% of the stock is owned by institutional investors and hedge funds.

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.