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

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

A number of equities analysts have recently issued reports on ACGL shares. TD Cowen increased their target price on Arch Capital Group from $116.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Barclays assumed coverage on Arch Capital Group in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $120.00 price objective for the company. StockNews.com downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Wells Fargo & Company dropped their target price on shares of Arch Capital Group from $118.00 to $109.00 and set an “overweight” rating for the company in a research report on Tuesday, November 19th. Finally, Royal Bank of Canada reduced their price target on shares of Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st.

Arch Capital Group Stock Down 1.4 %

ACGL opened at $99.30 on Thursday. The company has a market capitalization of $37.36 billion, a P/E ratio of 6.66, a P/E/G ratio of 1.60 and a beta of 0.61. 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 firm’s fifty day moving average price is $105.40 and its two-hundred day moving average price is $103.45. Arch Capital Group has a fifty-two week low of $72.85 and a fifty-two week high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.05. The business had revenue of $4.72 billion for 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 previous year, the firm posted $2.31 earnings per share. On average, analysts anticipate that Arch Capital Group will post 8.99 EPS for the current year.

Arch Capital Group Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th will be issued a dividend of $5.00 per share. The ex-dividend date is Monday, November 18th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ACGL. Quantbot Technologies LP acquired a new position in Arch Capital Group in the third quarter valued at approximately $25,000. UMB Bank n.a. bought a new stake in shares of Arch Capital Group during the 2nd quarter valued at $30,000. Baldwin Brothers LLC MA lifted its stake in shares of Arch Capital Group by 50.7% in the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 104 shares during the period. Rothschild Investment LLC bought a new position in shares of Arch Capital Group in the 2nd quarter worth $35,000. Finally, LRI Investments LLC acquired a new stake in shares of Arch Capital Group during the first quarter worth $38,000. Institutional investors own 89.07% of the company’s stock.

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.