Arch Capital Group Ltd. (NASDAQ:ACGL) Receives $106.81 Average PT from Brokerages

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have been assigned an average recommendation of “Hold” from the sixteen analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $106.8077.

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company increased their price objective on Arch Capital Group from $109.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Morgan Stanley set a $105.00 target price on shares of Arch Capital Group in a research note on Friday, May 1st. Keefe, Bruyette & Woods reduced their price target on shares of Arch Capital Group from $105.00 to $102.00 and set a “market perform” rating for the company in a report on Tuesday, May 5th. Mizuho dropped their price objective on shares of Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Finally, Citigroup upped their price objective on shares of Arch Capital Group from $120.00 to $122.50 and gave the company a “buy” rating in a research report on Thursday, April 30th.

Insider Transactions at Arch Capital Group

In related news, Director Brian S. Posner sold 3,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total transaction of $58,980.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Daniel Joseph Houston purchased 5,300 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was purchased at an average cost of $94.08 per share, with a total value of $498,624.00. Following the acquisition, the director owned 9,915 shares in the company, valued at approximately $932,803.20. This represents a 114.84% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 3.30% of the stock is owned by company insiders.

Institutional Trading of Arch Capital Group

A number of institutional investors and hedge funds have recently modified their holdings of ACGL. Elyxium Wealth LLC acquired a new stake in Arch Capital Group during the fourth quarter worth $27,000. WealthCollab LLC increased its holdings in Arch Capital Group by 410.3% in the 3rd quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock valued at $27,000 after buying an additional 238 shares during the period. JPL Wealth Management LLC acquired a new position in shares of Arch Capital Group in the 3rd quarter valued at $28,000. Grove Bank & Trust acquired a new position in shares of Arch Capital Group in the 4th quarter valued at $30,000. Finally, Aventura Private Wealth LLC bought a new position in shares of Arch Capital Group during the 4th quarter worth about $30,000. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Trading Up 3.7%

Shares of NASDAQ:ACGL opened at $102.20 on Friday. The company has a market cap of $35.71 billion, a P/E ratio of 7.85, a P/E/G ratio of 4.93 and a beta of 0.31. The stock’s 50-day moving average is $93.75 and its 200-day moving average is $95.23. Arch Capital Group has a 52-week low of $82.44 and a 52-week high of $103.39. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.55 and a current ratio of 0.55.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share for the quarter. The business had revenue of $4.52 billion during the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%. Equities research analysts predict that Arch Capital Group will post 9.3 earnings per share for the current year.

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.