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

Arch Capital Group Ltd. (NASDAQ:ACGL - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the fifteen analysts that are presently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $120.40.

A number of equities analysts have recently weighed in on ACGL shares. Jefferies Financial Group boosted their target price on Arch Capital Group from $114.00 to $134.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. upped their price objective on Arch Capital Group from $108.00 to $110.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. TD Cowen raised their target price on Arch Capital Group from $116.00 to $138.00 and gave the company a "buy" rating in a research report on Friday, September 20th. Wells Fargo & Company boosted their price target on shares of Arch Capital Group from $110.00 to $126.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. Finally, StockNews.com downgraded shares of Arch Capital Group from a "buy" rating to a "hold" rating in a report on Thursday, October 24th.

Insider Transactions at Arch Capital Group

In related news, CFO Francois Morin sold 11,460 shares of the business's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the completion of the transaction, the chief financial officer now owns 221,779 shares of the company's stock, valued at approximately $22,723,476.34. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.20% of the company's stock.

Hedge Funds Weigh In On Arch Capital Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC grew its holdings in shares of Arch Capital Group by 12.8% during the third quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider's stock worth $100,000 after purchasing an additional 101 shares in the last quarter. Fiduciary Financial Group LLC grew its stake in Arch Capital Group by 2.8% in the 3rd quarter. Fiduciary Financial Group LLC now owns 3,779 shares of the insurance provider's stock worth $415,000 after buying an additional 103 shares in the last quarter. Baldwin Brothers LLC MA grew its stake in Arch Capital Group by 50.7% in the 2nd 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. Fidelis Capital Partners LLC increased its holdings in shares of Arch Capital Group by 3.1% in the 2nd quarter. Fidelis Capital Partners LLC now owns 3,553 shares of the insurance provider's stock worth $344,000 after buying an additional 106 shares during the last quarter. Finally, KG&L Capital Management LLC lifted its holdings in shares of Arch Capital Group by 1.1% during the 3rd quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider's stock worth $1,214,000 after acquiring an additional 115 shares during the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Stock Down 2.6 %

Shares of ACGL stock traded down $2.54 during trading hours on Friday, reaching $96.02. The company had a trading volume of 4,006,539 shares, compared to its average volume of 1,976,139. The company has a market cap of $36.11 billion, a price-to-earnings ratio of 6.44, a price-to-earnings-growth ratio of 1.83 and a beta of 0.61. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.60. Arch Capital Group has a 12 month low of $72.85 and a 12 month high of $116.47. The business has a fifty day simple moving average of $110.43 and a 200-day simple moving average of $102.79.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.94 by $0.05. The firm had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.05 billion. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. During the same period in the previous year, the firm earned $2.31 EPS. On average, research analysts expect that Arch Capital Group will post 9.05 earnings per share for the current fiscal 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.