Analysts Set Arch Capital Group Ltd. (NASDAQ:ACGL) PT at $109.40
by Renee Jackson · The Cerbat GemShares of Arch Capital Group Ltd. (NASDAQ:ACGL – Get Free Report) have been assigned an average recommendation of “Hold” from the eighteen ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $109.40.
Several research firms recently weighed in on ACGL. Citigroup restated a “buy” rating and issued a $120.00 price objective (up from $113.00) on shares of Arch Capital Group in a research report on Friday, February 13th. Evercore set a $100.00 price objective on shares of Arch Capital Group and gave the stock an “in-line” rating in a research report on Wednesday, January 7th. Royal Bank Of Canada boosted their price objective on shares of Arch Capital Group from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 11th. Cantor Fitzgerald restated a “neutral” rating and issued a $100.00 price objective (up from $97.00) on shares of Arch Capital Group in a research report on Tuesday, February 17th. Finally, UBS Group restated a “buy” rating and issued a $114.00 price objective (up from $113.00) on shares of Arch Capital Group in a research report on Tuesday, February 17th.
Get Our Latest Stock Report on Arch Capital Group
Arch Capital Group Stock Performance
ACGL stock opened at $96.20 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.53 and a quick ratio of 0.53. The company has a 50 day moving average price of $96.92 and a 200 day moving average price of $93.80. Arch Capital Group has a fifty-two week low of $82.44 and a fifty-two week high of $103.39. The stock has a market capitalization of $34.27 billion, a PE ratio of 8.28, a price-to-earnings-growth ratio of 3.96 and a beta of 0.41.
Arch Capital Group (NASDAQ:ACGL – Get Free Report) last posted its quarterly earnings data on Monday, February 9th. The insurance provider reported $2.98 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.64. Arch Capital Group had a net margin of 22.07% and a return on equity of 16.73%. The firm had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $3.94 billion. During the same quarter in the previous year, the company posted $2.26 EPS. Analysts forecast that Arch Capital Group will post 8.42 EPS for the current year.
Insider Activity at Arch Capital Group
In related news, Director Brian S. Posner sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $17.11, for a total value of $51,330.00. Following the completion of the transaction, the director owned 2,000 shares in the company, valued at $34,220. The trade was a 60.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Nicolas Papadopoulo sold 21,930 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $96.31, for a total transaction of $2,112,078.30. Following the sale, the chief executive officer owned 871,594 shares of the company’s stock, valued at $83,943,218.14. The trade was a 2.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 78,267 shares of company stock worth $7,291,637. Company insiders own 3.30% of the company’s stock.
Institutional Trading of Arch Capital Group
Several institutional investors and hedge funds have recently made changes to their positions in the business. Daymark Wealth Partners LLC raised its position in shares of Arch Capital Group by 3.4% during the 4th quarter. Daymark Wealth Partners LLC now owns 3,211 shares of the insurance provider’s stock valued at $308,000 after acquiring an additional 106 shares during the last quarter. Keel Point LLC raised its position in shares of Arch Capital Group by 4.6% during the 3rd quarter. Keel Point LLC now owns 2,524 shares of the insurance provider’s stock valued at $229,000 after acquiring an additional 112 shares during the last quarter. Legacy Advisors LLC raised its position in shares of Arch Capital Group by 1.2% during the 4th quarter. Legacy Advisors LLC now owns 9,551 shares of the insurance provider’s stock valued at $916,000 after acquiring an additional 112 shares during the last quarter. Compound Planning Inc. raised its position in shares of Arch Capital Group by 5.0% during the 3rd quarter. Compound Planning Inc. now owns 2,644 shares of the insurance provider’s stock valued at $240,000 after acquiring an additional 127 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of Arch Capital Group by 14.0% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,105 shares of the insurance provider’s stock valued at $100,000 after acquiring an additional 136 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.
About Arch Capital Group
Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.
Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.