Brokerages Set Arch Capital Group Ltd. (NASDAQ:ACGL) PT at $118.00

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have been assigned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $118.00.

A number of research analysts recently issued reports on the company. StockNews.com cut Arch Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Bank of America cut their price target on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a report on Friday, November 15th. Evercore ISI lifted their price target on Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a report on Wednesday, October 9th. Wells Fargo & Company cut their price target on Arch Capital Group from $109.00 to $107.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Finally, BMO Capital Markets lifted their price target on Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a report on Wednesday, November 6th.

Institutional Trading of Arch Capital Group

A number of institutional investors and hedge funds have recently modified their holdings of ACGL. Brown Brothers Harriman & Co. increased its stake in shares of Arch Capital Group by 874.6% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 2,953 shares of the insurance provider’s stock valued at $298,000 after acquiring an additional 2,650 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Arch Capital Group in the 2nd quarter valued at approximately $4,167,000. Edgestream Partners L.P. bought a new stake in Arch Capital Group during the 2nd quarter worth approximately $1,077,000. Mutual of America Capital Management LLC increased its stake in Arch Capital Group by 33.7% during the 2nd quarter. Mutual of America Capital Management LLC now owns 80,411 shares of the insurance provider’s stock worth $8,113,000 after purchasing an additional 20,250 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its stake in Arch Capital Group by 2.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 29,089 shares of the insurance provider’s stock worth $2,935,000 after purchasing an additional 726 shares in the last quarter. 89.07% of the stock is owned by institutional investors.

Arch Capital Group Stock Down 0.2 %

Shares of NASDAQ:ACGL opened at $93.02 on Friday. Arch Capital Group has a 52 week low of $78.67 and a 52 week high of $116.47. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58. The company’s fifty day moving average is $94.63 and its 200-day moving average is $101.42. The company has a market capitalization of $35.00 billion, a PE ratio of 6.24, a P/E/G ratio of 1.54 and a beta of 0.64.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, beating the consensus estimate of $1.94 by $0.05. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. The company had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the previous year, the company earned $2.31 EPS. Equities research analysts predict that Arch Capital Group will post 8.86 earnings per share for the current fiscal year.

Arch Capital Group Announces Dividend

The business also recently declared a special dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were paid a $5.00 dividend. The ex-dividend date of this dividend was Monday, November 18th.

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.