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

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have been given an average rating of “Moderate Buy” by the fifteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $118.00.

A number of analysts have recently commented on the stock. Jefferies Financial Group boosted their price objective on shares of Arch Capital Group from $114.00 to $134.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. StockNews.com downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. lowered their target price on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Bank of America reduced their price target on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Finally, Keefe, Bruyette & Woods lowered their price target on Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th.

Arch Capital Group Stock Performance

ACGL opened at $94.88 on Friday. The company has a market capitalization of $35.70 billion, a price-to-earnings ratio of 6.37, a P/E/G ratio of 1.55 and a beta of 0.64. The business’s 50-day moving average price is $94.93 and its two-hundred day moving average price is $101.54. Arch Capital Group has a 1 year low of $78.67 and a 1 year high of $116.47. 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 (NASDAQ:ACGL) last announced its 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 business had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter last year, the firm earned $2.31 EPS. Equities analysts expect that Arch Capital Group will post 8.86 EPS for the current fiscal year.

Arch Capital Group Dividend Announcement

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

Institutional Trading of Arch Capital Group

Several institutional investors have recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of Arch Capital Group by 1.1% during the third quarter. State Street Corp now owns 16,587,446 shares of the insurance provider’s stock worth $1,855,803,000 after buying an additional 172,628 shares in the last quarter. Geode Capital Management LLC raised its stake in Arch Capital Group by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 10,830,263 shares of the insurance provider’s stock worth $1,208,307,000 after purchasing an additional 253,648 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Arch Capital Group by 4.8% in the 3rd quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider’s stock valued at $832,246,000 after purchasing an additional 337,786 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Arch Capital Group by 1.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,124,251 shares of the insurance provider’s stock worth $573,301,000 after purchasing an additional 49,426 shares during the period. Finally, Legal & General Group Plc raised its position in shares of Arch Capital Group by 10.1% in the second quarter. Legal & General Group Plc now owns 3,455,949 shares of the insurance provider’s stock valued at $348,671,000 after buying an additional 316,070 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors.

About Arch Capital Group

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.