Arch Capital Group Ltd. (NASDAQ:ACGL) Receives $118.00 Consensus Price Target from Analysts

Arch Capital Group Ltd. (NASDAQ:ACGL - Get Free Report) has earned an average recommendation of "Moderate Buy" from the fifteen brokerages that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $118.00.

ACGL has been the subject of a number of research reports. BMO Capital Markets increased their price target on shares of Arch Capital Group from $98.00 to $104.00 and gave the company a "market perform" rating in a report on Wednesday, November 6th. JMP Securities increased their target price on shares of Arch Capital Group from $115.00 to $125.00 and gave the company a "market outperform" rating in a research note on Tuesday, October 15th. Wells Fargo & Company lowered their price target on Arch Capital Group from $109.00 to $107.00 and set an "overweight" rating on the stock in a research note on Tuesday. Bank of America reduced their price objective on 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, Jefferies Financial Group boosted their price objective on 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

Shares of Arch Capital Group stock traded down $0.59 during trading on Friday, reaching $95.51. The company's stock had a trading volume of 4,619,679 shares, compared to its average volume of 2,146,589. Arch Capital Group has a one year low of $77.53 and a one year high of $116.47. 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 firm has a market cap of $35.93 billion, a price-to-earnings ratio of 6.41, a price-to-earnings-growth ratio of 1.41 and a beta of 0.64. The business's fifty day moving average price is $95.28 and its 200-day moving average price is $101.58.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 EPS 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 the consensus estimate of $4.05 billion. During the same period in the previous year, the business posted $2.31 EPS. As a group, equities research analysts predict that Arch Capital Group will post 8.85 earnings per share for the current year.

Arch Capital Group Dividend Announcement

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

Institutional Trading of Arch Capital Group

Several hedge funds have recently modified their holdings of the stock. Brown Brothers Harriman & Co. lifted its stake in shares of Arch Capital Group by 874.6% during the second quarter. Brown Brothers Harriman & Co. now owns 2,953 shares of the insurance provider's stock valued at $298,000 after acquiring an additional 2,650 shares during the period. Renaissance Technologies LLC acquired a new position in Arch Capital Group during the 2nd quarter valued at about $4,167,000. Edgestream Partners L.P. bought a new position in shares of Arch Capital Group in the 2nd quarter valued at about $1,077,000. Mutual of America Capital Management LLC grew its position in shares of Arch Capital Group by 33.7% during the 2nd quarter. Mutual of America Capital Management LLC now owns 80,411 shares of the insurance provider's stock worth $8,113,000 after buying an additional 20,250 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its stake in shares of Arch Capital Group by 2.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 29,089 shares of the insurance provider's stock worth $2,935,000 after buying an additional 726 shares during the last quarter. 89.07% of the stock is owned by institutional investors.

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.