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

Arch Capital Group Ltd. (NASDAQ:ACGL - Get Free Report) has received an average rating of "Moderate Buy" from the sixteen brokerages that are currently covering the firm, MarketBeat Ratings 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 price objective among analysts that have issued a report on the stock in the last year is $118.38.

ACGL has been the topic of several analyst reports. Citigroup upped 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. BMO Capital Markets increased their price objective on shares of Arch Capital Group from $98.00 to $104.00 and gave the company a "market perform" rating in a research report on Wednesday, November 6th. JMP Securities increased their price objective on shares of Arch Capital Group from $115.00 to $125.00 and gave the company a "market outperform" rating in a research report on Tuesday, October 15th. TD Cowen increased their price objective 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. Finally, Jefferies Financial Group increased their price objective on shares of Arch Capital Group from $114.00 to $134.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th.

Arch Capital Group Stock Performance

NASDAQ ACGL traded up $0.33 on Thursday, hitting $100.74. 991,509 shares of the stock were exchanged, compared to its average volume of 1,690,318. 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 business's fifty day moving average is $105.87 and its 200 day moving average is $103.37. Arch Capital Group has a 52 week low of $72.85 and a 52 week high of $116.47. The company has a market capitalization of $37.90 billion, a PE ratio of 6.76, a P/E/G ratio of 1.59 and a beta of 0.61.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the firm posted $2.31 earnings per share. Research analysts anticipate that Arch Capital Group will post 8.99 EPS for the current fiscal year.

Arch Capital Group Dividend Announcement

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

Hedge Funds Weigh In On Arch Capital Group

Institutional investors and hedge funds have recently modified their holdings of the business. Quantbot Technologies LP acquired a new stake in Arch Capital Group during the third quarter worth about $25,000. UMB Bank n.a. acquired a new stake in Arch Capital Group during the second quarter worth about $30,000. Baldwin Brothers LLC MA grew its stake in Arch Capital Group by 50.7% during the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider's stock worth $31,000 after buying an additional 104 shares in the last quarter. Rothschild Investment LLC acquired a new stake in Arch Capital Group during the second quarter worth about $35,000. Finally, LRI Investments LLC acquired a new stake in Arch Capital Group during the first quarter worth about $38,000. 89.07% of the stock is currently owned by institutional investors and hedge funds.

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.