Analysts Set Arch Capital Group Ltd. (ACGL) Target Price at $99.78

Arch Capital Group Ltd. (NASDAQ:ACGL) has received an average recommendation of “Hold” from the thirteen research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $99.78.

ACGL has been the subject of several analyst reports. BidaskClub lowered Arch Capital Group from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Zacks Investment Research raised Arch Capital Group from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. Wells Fargo & Co set a $100.00 target price on Arch Capital Group and gave the company a “hold” rating in a report on Sunday, December 10th. Royal Bank of Canada reissued a “buy” rating and issued a $113.00 target price on shares of Arch Capital Group in a report on Friday, October 27th. Finally, UBS Group reissued a “buy” rating on shares of Arch Capital Group in a report on Monday, October 30th.

Arch Capital Group (ACGL) traded down $0.08 during trading hours on Tuesday, reaching $90.77. The company’s stock had a trading volume of 379,998 shares, compared to its average volume of 459,354. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.49. The stock has a market cap of $11,880.00, a price-to-earnings ratio of 29.38, a P/E/G ratio of 2.61 and a beta of 0.67. Arch Capital Group has a 52 week low of $84.21 and a 52 week high of $102.60.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Wednesday, October 25th. The insurance provider reported ($0.79) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.59) by ($0.20). The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Arch Capital Group had a net margin of 9.44% and a return on equity of 5.57%. Arch Capital Group’s revenue for the quarter was up 30.7% on a year-over-year basis. During the same quarter last year, the company earned $1.14 earnings per share. analysts anticipate that Arch Capital Group will post 3.15 earnings per share for the current year.

In other Arch Capital Group news, insider Louis T. Petrillo sold 5,921 shares of Arch Capital Group stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $91.07, for a total value of $539,225.47. Following the transaction, the insider now owns 43,268 shares of the company’s stock, valued at $3,940,416.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Mark Donald Lyons sold 5,500 shares of Arch Capital Group stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $92.04, for a total transaction of $506,220.00. The disclosure for this sale can be found here. Insiders have sold a total of 65,975 shares of company stock valued at $6,256,989 over the last ninety days. 6.60% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the company. Citadel Advisors LLC increased its position in Arch Capital Group by 1,388.0% during the 2nd quarter. Citadel Advisors LLC now owns 2,088,015 shares of the insurance provider’s stock valued at $194,792,000 after purchasing an additional 1,947,691 shares during the period. Janus Henderson Group PLC grew its holdings in Arch Capital Group by 5,723.3% during the 2nd quarter. Janus Henderson Group PLC now owns 1,074,932 shares of the insurance provider’s stock valued at $100,280,000 after buying an additional 1,056,473 shares in the last quarter. Vanguard Group Inc. grew its holdings in Arch Capital Group by 7.7% during the 2nd quarter. Vanguard Group Inc. now owns 10,331,707 shares of the insurance provider’s stock valued at $963,845,000 after buying an additional 742,855 shares in the last quarter. FMR LLC boosted its position in shares of Arch Capital Group by 21.0% during the 2nd quarter. FMR LLC now owns 2,294,852 shares of the insurance provider’s stock valued at $214,087,000 after acquiring an additional 398,988 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Arch Capital Group by 32.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,609,474 shares of the insurance provider’s stock valued at $150,148,000 after acquiring an additional 395,629 shares during the last quarter. 79.41% of the stock is owned by hedge funds and other institutional investors.

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About Arch Capital Group

Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.

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