Brokerages Set Arch Capital Group Ltd. (NASDAQ:ACGL) Target Price at $110.93

Arch Capital Group Ltd. (NASDAQ:ACGL - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the fourteen analysts that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $110.93.

A number of equities analysts have recently commented on the company. Citigroup boosted their price target on Arch Capital Group from $105.00 to $114.00 and gave the stock a "neutral" rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft increased their target price on shares of Arch Capital Group from $110.00 to $120.00 and gave the stock a "buy" rating in a report on Monday, July 1st. JMP Securities lifted their price target on shares of Arch Capital Group from $110.00 to $115.00 and gave the company a "market outperform" rating in a report on Wednesday, July 31st. Wells Fargo & Company cut their target price on shares of Arch Capital Group from $111.00 to $110.00 and set an "overweight" rating on the stock in a research report on Monday, August 12th. Finally, Roth Mkm boosted their target price on shares of Arch Capital Group from $110.00 to $125.00 and gave the stock a "buy" rating in a research note on Friday, August 23rd.

Insider Buying and Selling at Arch Capital Group

In other news, CFO Francois Morin sold 11,460 shares of the company's stock in a transaction on Friday, August 16th. The shares were sold at an average price of $102.46, for a total value of $1,174,191.60. Following the sale, the chief financial officer now directly owns 221,779 shares of the company's stock, valued at approximately $22,723,476.34. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 4.20% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ACGL. Vanguard Group Inc. increased its holdings in Arch Capital Group by 0.3% in the first quarter. Vanguard Group Inc. now owns 40,858,890 shares of the insurance provider's stock worth $3,776,996,000 after purchasing an additional 104,008 shares in the last quarter. Capital World Investors lifted its position in shares of Arch Capital Group by 0.6% during the 4th quarter. Capital World Investors now owns 10,611,092 shares of the insurance provider's stock valued at $788,086,000 after acquiring an additional 58,862 shares during the period. Principal Financial Group Inc. boosted its stake in Arch Capital Group by 4.4% during the second quarter. Principal Financial Group Inc. now owns 7,100,952 shares of the insurance provider's stock worth $716,415,000 after acquiring an additional 300,716 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Arch Capital Group by 1.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 5,907,122 shares of the insurance provider's stock worth $546,054,000 after purchasing an additional 99,329 shares during the period. Finally, Norges Bank acquired a new stake in Arch Capital Group in the fourth quarter worth $309,496,000. 89.07% of the stock is owned by institutional investors and hedge funds.

Arch Capital Group Price Performance

Arch Capital Group stock traded up $1.76 during trading hours on Friday, reaching $112.02. 1,487,097 shares of the stock were exchanged, compared to its average volume of 1,618,735. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.16. Arch Capital Group has a twelve month low of $72.85 and a twelve month high of $114.65. The company has a market cap of $42.06 billion, a P/E ratio of 8.84, a price-to-earnings-growth ratio of 1.99 and a beta of 0.60. The stock has a 50 day moving average of $102.58 and a two-hundred day moving average of $98.07.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.21 by $0.36. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The business had revenue of $3.78 billion for the quarter, compared to analysts' expectations of $3.89 billion. During the same period last year, the firm posted $1.92 earnings per share. The firm's quarterly revenue was up 10.3% compared to the same quarter last year. Equities analysts expect that Arch Capital Group will post 9.01 EPS for the current fiscal year.

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.