Analysts Set Arch Capital Group Ltd. (NASDAQ:ACGL) Target Price at $94.46

Arch Capital Group Ltd. (NASDAQ:ACGL) has earned a consensus recommendation of “Moderate Buy” from the thirteen research firms that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $94.46.

A number of equities research analysts have issued reports on the stock. Citigroup reduced their price objective on shares of Arch Capital Group from $91.00 to $89.00 and set a “neutral” rating for the company in a research report on Monday, January 22nd. Evercore ISI upped their price objective on shares of Arch Capital Group from $85.00 to $92.00 and gave the stock an “in-line” rating in a research report on Thursday, February 15th. JPMorgan Chase & Co. upped their price objective on shares of Arch Capital Group from $80.00 to $88.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. JMP Securities upped their price objective on shares of Arch Capital Group from $95.00 to $100.00 and gave the stock a “market outperform” rating in a research report on Thursday, February 15th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $98.00 price objective on shares of Arch Capital Group in a research report on Friday, February 16th.

Insider Buying and Selling at Arch Capital Group

In related news, insider Nicolas Papadopoulo sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the sale, the insider now directly owns 651,931 shares in the company, valued at approximately $57,057,001.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Nicolas Papadopoulo sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the sale, the insider now directly owns 651,931 shares in the company, valued at approximately $57,057,001.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Francois Morin sold 25,689 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the sale, the chief financial officer now owns 221,779 shares in the company, valued at $19,399,009.13. The disclosure for this sale can be found here. Insiders have sold a total of 135,689 shares of company stock worth $11,872,217 over the last three months. 4.20% of the stock is currently owned by insiders.

Institutional Trading of Arch Capital Group

A number of institutional investors have recently modified their holdings of ACGL. Nomura Holdings Inc. purchased a new stake in Arch Capital Group in the 4th quarter worth approximately $558,000. HighPoint Advisor Group LLC purchased a new stake in Arch Capital Group in the 4th quarter worth approximately $182,000. Fairman Group LLC purchased a new stake in Arch Capital Group in the 4th quarter worth approximately $245,000. Quadrature Capital Ltd purchased a new stake in Arch Capital Group in the 4th quarter worth approximately $694,000. Finally, Richardson Financial Services Inc. purchased a new stake in Arch Capital Group in the 4th quarter worth approximately $33,000. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Trading Up 1.0 %

NASDAQ:ACGL opened at $92.44 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a 50-day moving average of $86.54 and a 200-day moving average of $82.78. The company has a market cap of $34.59 billion, a PE ratio of 7.96, a PEG ratio of 1.14 and a beta of 0.57. Arch Capital Group has a one year low of $66.88 and a one year high of $92.57.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Thursday, February 15th. The insurance provider reported $2.49 EPS for the quarter, topping the consensus estimate of $1.94 by $0.55. The company had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.67 billion. Arch Capital Group had a net margin of 32.59% and a return on equity of 21.94%. During the same period in the previous year, the firm posted $2.14 earnings per share. As a group, equities research analysts expect that Arch Capital Group will post 8 EPS for the current fiscal year.

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.