Arch Capital Group Ltd. (NASDAQ:ACGL) Receives $117.19 Average PT from Analysts

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the sixteen research firms that are presently covering the firm, 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 brokerages that have updated their coverage on the stock in the last year is $117.19.

ACGL has been the subject of several recent research reports. JMP Securities restated a "market outperform" rating and issued a $125.00 price target on shares of Arch Capital Group in a report on Tuesday, February 11th. UBS Group cut their price objective on shares of Arch Capital Group from $131.00 to $127.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. JPMorgan Chase & Co. reduced their price objective on shares of Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating for the company in a research note on Friday, January 3rd. Morgan Stanley dropped their target price on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Finally, Wells Fargo & Company reduced their price target on Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating for the company in a research report on Wednesday, February 12th.

Insider Buying and Selling

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the firm's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total value of $1,055,600.00. Following the completion of the transaction, the insider now owns 140,023 shares of the company's stock, valued at approximately $12,742,093. This trade represents a 7.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.20% of the stock is owned by company insiders.

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Institutional Investors Weigh In On Arch Capital Group

A number of large investors have recently made changes to their positions in the stock. Quantbot Technologies LP purchased a new stake in Arch Capital Group during the 3rd quarter valued at about $25,000. Capital A Wealth Management LLC acquired a new stake in shares of Arch Capital Group during the fourth quarter worth about $25,000. Cullen Frost Bankers Inc. purchased a new stake in Arch Capital Group in the fourth quarter valued at approximately $37,000. Golden State Wealth Management LLC purchased a new stake in Arch Capital Group in the fourth quarter valued at approximately $42,000. Finally, Y.D. More Investments Ltd increased its holdings in Arch Capital Group by 125.6% in the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock worth $43,000 after buying an additional 260 shares during the period. 89.07% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Trading Down 0.7 %

NASDAQ:ACGL traded down $0.63 during midday trading on Friday, hitting $90.09. The stock had a trading volume of 1,909,667 shares, compared to its average volume of 1,913,826. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. The stock has a 50-day moving average of $91.94 and a 200 day moving average of $99.90. The company has a market capitalization of $33.82 billion, a price-to-earnings ratio of 8.04, a PEG ratio of 2.31 and a beta of 0.62. Arch Capital Group has a one year low of $87.42 and a one year high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.90 by $0.36. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. During the same quarter in the prior year, the business posted $2.45 EPS. As a group, sell-side analysts forecast that Arch Capital Group will post 8.42 EPS for the current year.

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.