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

Arch Capital Group Ltd. (NASDAQ:ACGL - Get Free Report) has received an average recommendation of "Moderate Buy" from the sixteen research firms that are covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $118.38.

Several equities research analysts have recently commented on the stock. BMO Capital Markets lifted their price target on shares of Arch Capital Group from $98.00 to $104.00 and gave the stock a "market perform" rating in a research report on Wednesday, November 6th. Citigroup lifted their price target on shares of Arch Capital Group from $105.00 to $114.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 10th. Keefe, Bruyette & Woods lifted their price target on shares of Arch Capital Group from $120.00 to $121.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 7th. Bank of America lowered 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 report on Friday, November 15th. Finally, JMP Securities lifted their price target on shares of Arch Capital Group from $115.00 to $125.00 and gave the stock a "market outperform" rating in a research report on Tuesday, October 15th.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL traded up $0.33 during trading on Thursday, reaching $100.74. The company had a trading volume of 991,509 shares, compared to its average volume of 1,690,318. Arch Capital Group has a 52 week low of $72.85 and a 52 week high of $116.47. The stock has a market cap of $37.90 billion, a PE ratio of 6.76, a PEG ratio of 1.59 and a beta of 0.61. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58. The business's 50 day moving average price is $105.87 and its 200-day moving average price is $103.37.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, topping analysts' consensus estimates of $1.94 by $0.05. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. The company had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the previous year, the firm posted $2.31 earnings per share. Analysts expect that Arch Capital Group will post 8.99 earnings per share for the current year.

Arch Capital Group Dividend Announcement

The business also recently declared a special dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th will be issued a $5.00 dividend. The ex-dividend date is Monday, November 18th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ACGL. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Arch Capital Group by 14.8% in the first quarter. B. Riley Wealth Advisors Inc. now owns 8,020 shares of the insurance provider's stock valued at $741,000 after buying an additional 1,034 shares during the period. Virtu Financial LLC lifted its position in shares of Arch Capital Group by 37.1% in the first quarter. Virtu Financial LLC now owns 15,300 shares of the insurance provider's stock worth $1,414,000 after purchasing an additional 4,138 shares in the last quarter. LRI Investments LLC bought a new stake in shares of Arch Capital Group in the first quarter worth $38,000. Swedbank AB bought a new stake in shares of Arch Capital Group in the first quarter worth $25,060,000. Finally, Atria Investments Inc lifted its position in shares of Arch Capital Group by 19.7% in the first quarter. Atria Investments Inc now owns 24,463 shares of the insurance provider's stock worth $2,261,000 after purchasing an additional 4,018 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

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.