Arch Capital Group Ltd. (NASDAQ:ACGL) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the sixteen ratings firms that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $118.38.

ACGL has been the subject of several analyst reports. Bank of America dropped their price target on shares of Arch Capital Group from $143.00 to $136.00 and set a "buy" rating for the company in a research note on Friday, November 15th. Jefferies Financial Group lifted their target price on Arch Capital Group from $114.00 to $134.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Barclays initiated coverage on Arch Capital Group in a research note on Wednesday, September 4th. They issued an "equal weight" rating and a $120.00 price target for the company. Citigroup lifted their price objective on Arch Capital Group from $105.00 to $114.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 10th. Finally, TD Cowen increased their target price on shares of Arch Capital Group from $116.00 to $138.00 and gave the company a "buy" rating in a research report on Friday, September 20th.

Institutional Investors Weigh In On Arch Capital Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Nomura Asset Management Co. Ltd. grew its position in Arch Capital Group by 5.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 111,229 shares of the insurance provider's stock valued at $12,444,000 after purchasing an additional 5,614 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Arch Capital Group by 10.0% in the third quarter. PNC Financial Services Group Inc. now owns 71,721 shares of the insurance provider's stock valued at $8,024,000 after buying an additional 6,521 shares in the last quarter. Banque Cantonale Vaudoise grew its holdings in shares of Arch Capital Group by 172.2% during the third quarter. Banque Cantonale Vaudoise now owns 55,423 shares of the insurance provider's stock valued at $6,201,000 after buying an additional 35,060 shares during the last quarter. Metis Global Partners LLC increased its position in shares of Arch Capital Group by 26.6% during the third quarter. Metis Global Partners LLC now owns 25,465 shares of the insurance provider's stock worth $2,849,000 after acquiring an additional 5,345 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in shares of Arch Capital Group by 6.8% in the 3rd quarter. Signaturefd LLC now owns 2,952 shares of the insurance provider's stock worth $330,000 after acquiring an additional 187 shares during the last quarter. Institutional investors own 89.07% of the company's stock.

Arch Capital Group Price Performance

ACGL stock traded up $1.10 during midday trading on Monday, reaching $92.09. 1,729,845 shares of the stock were exchanged, compared to its average volume of 1,709,642. Arch Capital Group has a 52 week low of $73.04 and a 52 week high of $116.47. The company has a fifty day moving average price of $99.86 and a 200 day moving average price of $102.69. 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 stock has a market capitalization of $34.65 billion, a PE ratio of 6.18, a P/E/G ratio of 1.49 and a beta of 0.62.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings results 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. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. The company had revenue of $4.72 billion for the quarter, compared to analysts' expectations of $4.05 billion. During the same period in the previous year, the business posted $2.31 earnings per share. As a group, analysts expect that Arch Capital Group will post 8.99 EPS for the current fiscal year.

Arch Capital Group Dividend Announcement

The company also recently announced a special dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were paid a $5.00 dividend. The ex-dividend date of this dividend 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.