Analysts Set Arch Capital Group Ltd. (NASDAQ:ACGL) Price Target at $109.82

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have earned a consensus recommendation of “Hold” from the sixteen research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $109.8214.

A number of brokerages recently commented on ACGL. Citigroup boosted their price objective on shares of Arch Capital Group from $120.00 to $122.50 and gave the company a “buy” rating in a research report on Thursday, April 30th. Keefe, Bruyette & Woods cut their target price on shares of Arch Capital Group from $102.00 to $99.00 and set a “market perform” rating for the company in a research report on Wednesday, July 8th. Wells Fargo & Company lifted their target price on shares of Arch Capital Group from $110.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Morgan Stanley boosted their price target on shares of Arch Capital Group from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Finally, UBS Group reiterated a “buy” rating and set a $120.00 price objective (up from $114.00) on shares of Arch Capital Group in a report on Wednesday, July 8th.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, Director Brian S. Posner sold 3,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total value of $58,980.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Daniel Joseph Houston purchased 5,300 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were purchased at an average cost of $94.08 per share, with a total value of $498,624.00. Following the completion of the purchase, the director directly owned 9,915 shares in the company, valued at approximately $932,803.20. This represents a 114.84% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 3.30% of the company’s stock.

Hedge Funds Weigh In On Arch Capital Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in Arch Capital Group in the fourth quarter worth approximately $463,208,000. Morgan Stanley boosted its holdings in Arch Capital Group by 0.8% in the fourth quarter. Morgan Stanley now owns 4,289,082 shares of the insurance provider’s stock worth $411,409,000 after purchasing an additional 33,132 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Arch Capital Group by 2.9% in the first quarter. Dimensional Fund Advisors LP now owns 4,173,885 shares of the insurance provider’s stock worth $400,643,000 after purchasing an additional 117,929 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Arch Capital Group by 5.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,949,978 shares of the insurance provider’s stock worth $282,962,000 after buying an additional 160,326 shares during the last quarter. Finally, Legal & General Group Plc increased its position in Arch Capital Group by 4.3% during the fourth quarter. Legal & General Group Plc now owns 2,944,169 shares of the insurance provider’s stock worth $282,405,000 after buying an additional 121,090 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Trading Up 3.3%

Shares of NASDAQ ACGL opened at $103.36 on Tuesday. Arch Capital Group has a one year low of $82.44 and a one year high of $105.09. The firm has a market capitalization of $36.11 billion, a PE ratio of 7.94, a PEG ratio of 5.15 and a beta of 0.31. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average price of $95.81 and a two-hundred day moving average price of $95.81.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share for the quarter. The company had revenue of $4.52 billion for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%. As a group, analysts predict that Arch Capital Group will post 9.34 earnings per share for the current fiscal year.

About Arch Capital Group

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.