Brokerages Set Arch Capital Group Ltd. (NASDAQ:ACGL) PT at $117.19

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have received a consensus recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the stock, MarketBeat Ratings reports. Five investment 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 analysts that have updated their coverage on the stock in the last year is $117.19.

A number of equities research analysts have commented on ACGL shares. JMP Securities reissued a “market outperform” rating and set a $125.00 price objective on shares of Arch Capital Group in a report on Tuesday, February 11th. Keefe, Bruyette & Woods decreased their price objective on Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Morgan Stanley lowered their target price on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. UBS Group decreased their price target on Arch Capital Group from $131.00 to $127.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Finally, Barclays dropped their price objective on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a report on Monday, January 6th.

Arch Capital Group Stock Down 8.8 %

Shares of ACGL opened at $87.83 on Wednesday. The company has a market capitalization of $33.00 billion, a P/E ratio of 7.84, a PEG ratio of 2.31 and a beta of 0.36. Arch Capital Group has a one year low of $87.42 and a one year high of $116.47. The business’s 50 day simple moving average is $92.23 and its 200-day simple moving average is $97.68. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. During the same period last year, the company earned $2.45 EPS. As a group, sell-side analysts predict that Arch Capital Group will post 8.42 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Louis T. Petrillo sold 11,600 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total value of $1,055,600.00. Following the completion of the sale, the insider now owns 140,023 shares in the company, valued at $12,742,093. This represents a 7.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quantbot Technologies LP acquired a new stake in shares of Arch Capital Group during the third quarter worth $25,000. Capital A Wealth Management LLC acquired a new stake in shares of Arch Capital Group in the 4th quarter valued at about $25,000. Cullen Frost Bankers Inc. bought a new stake in shares of Arch Capital Group in the fourth quarter valued at about $37,000. Golden State Wealth Management LLC bought a new stake in shares of Arch Capital Group in the fourth quarter valued at about $42,000. Finally, Y.D. More Investments Ltd boosted its position in shares of Arch Capital Group by 125.6% during the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock worth $43,000 after buying an additional 260 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

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.