Arch Capital Group Ltd. (ACGL) Receives $91.67 Average PT from Brokerages

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have been given an average recommendation of “Hold” by the fourteen brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $92.30.

A number of equities analysts recently commented on ACGL shares. Wells Fargo & Company reiterated a “hold” rating on shares of Arch Capital Group in a research note on Wednesday, June 14th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $95.00 price target on shares of Arch Capital Group in a research note on Tuesday, July 4th. Morgan Stanley raised their target price on shares of Arch Capital Group from $90.00 to $96.00 and gave the stock an “equal weight” rating in a report on Friday, April 28th. BidaskClub raised shares of Arch Capital Group from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Finally, Zacks Investment Research cut shares of Arch Capital Group from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th.

Shares of Arch Capital Group (NASDAQ ACGL) opened at 95.91 on Tuesday. The firm has a market capitalization of $12.90 billion, a price-to-earnings ratio of 17.44 and a beta of 0.66. Arch Capital Group has a one year low of $72.11 and a one year high of $99.47. The firm has a 50-day moving average price of $95.26 and a 200 day moving average price of $94.12.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Wednesday, July 26th. The insurance provider reported $1.21 EPS for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.01. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.28 billion. Arch Capital Group had a return on equity of 9.09% and a net margin of 15.65%. The company’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period last year, the firm earned $1.13 earnings per share. Equities analysts forecast that Arch Capital Group will post $5.36 earnings per share for the current fiscal year.

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In other news, CEO Constantine Iordanou sold 62,832 shares of Arch Capital Group stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $95.02, for a total transaction of $5,970,296.64. Following the sale, the chief executive officer now owns 108,851 shares of the company’s stock, valued at $10,343,022.02. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Nicolas Papadopoulo sold 15,500 shares of Arch Capital Group stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $96.67, for a total value of $1,498,385.00. Following the sale, the chief executive officer now directly owns 244,436 shares in the company, valued at approximately $23,629,628.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 163,789 shares of company stock worth $15,639,880. Corporate insiders own 6.60% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC boosted its stake in shares of Arch Capital Group by 75.5% in the first quarter. Proficio Capital Partners LLC now owns 1,095 shares of the insurance provider’s stock valued at $104,000 after buying an additional 471 shares during the last quarter. Toronto Dominion Bank boosted its stake in shares of Arch Capital Group by 26.5% in the first quarter. Toronto Dominion Bank now owns 1,343 shares of the insurance provider’s stock valued at $127,000 after buying an additional 281 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Arch Capital Group by 13.1% in the first quarter. Parallel Advisors LLC now owns 1,350 shares of the insurance provider’s stock valued at $130,000 after buying an additional 156 shares during the last quarter. Crow Point Partners LLC purchased a new stake in shares of Arch Capital Group during the second quarter valued at approximately $174,000. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Arch Capital Group by 57.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,273 shares of the insurance provider’s stock valued at $196,000 after buying an additional 830 shares during the last quarter. 73.09% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Arch Capital Group (NASDAQ:ACGL)

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