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

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have been given a consensus rating of “Moderate Buy” by the fifteen research firms that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating and ten have given 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.

ACGL has been the topic of a number of recent analyst reports. Bank of America reduced their price objective on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. BMO Capital Markets increased their price objective on shares of Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a report on Wednesday, November 6th. Jefferies Financial Group boosted their target price on shares of Arch Capital Group from $114.00 to $134.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. JMP Securities raised their price target on shares of Arch Capital Group from $115.00 to $125.00 and gave the company a “market outperform” rating in a report on Tuesday, October 15th. Finally, Royal Bank of Canada reduced their price objective on Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, November 1st.

Hedge Funds Weigh In On Arch Capital Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP bought a new stake in shares of Arch Capital Group in the 3rd quarter valued at $25,000. Compagnie Lombard Odier SCmA bought a new stake in shares of Arch Capital Group in the third quarter worth about $46,000. UMB Bank n.a. raised its position in shares of Arch Capital Group by 41.9% during the third quarter. UMB Bank n.a. now owns 427 shares of the insurance provider’s stock worth $48,000 after purchasing an additional 126 shares during the period. Asset Dedication LLC lifted its holdings in shares of Arch Capital Group by 188.1% during the 3rd quarter. Asset Dedication LLC now owns 435 shares of the insurance provider’s stock valued at $49,000 after purchasing an additional 284 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Arch Capital Group in the 3rd quarter valued at approximately $50,000. 89.07% of the stock is owned by institutional investors.

Arch Capital Group Trading Down 0.7 %

Shares of Arch Capital Group stock opened at $94.88 on Friday. Arch Capital Group has a 12-month low of $78.67 and a 12-month high of $116.47. The stock has a market capitalization of $35.70 billion, a P/E ratio of 6.37, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. The company has a 50-day simple moving average of $94.93 and a 200 day simple moving average of $101.54. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.05. The company had revenue of $4.72 billion during the quarter, compared to analyst estimates 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 last year, the business posted $2.31 earnings per share. Research analysts expect that Arch Capital Group will post 8.86 earnings per share 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 dividend of $5.00 per share. The ex-dividend date was Monday, November 18th.

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.