Today, Arch Capital Group Ltd. (ACGL) Receives $79.67 Average Price Target from Brokerages

Today, Arch Capital Group Ltd. (ACGL) Receives $79.67 Average Price Target from Brokerages

Arch Capital Group Ltd. (NASDAQ:ACGL) has been given an average rating of “Hold” by the fifteen analysts that are covering the stock. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $79.67.

ACGL has been the subject of a number of analyst reports. Barclays PLC lowered shares of Arch Capital Group from an “overweight” rating to an “equal weight” rating and set a $85.00 target price for the company. in a report on Thursday, September 15th. Keefe, Bruyette & Woods increased their price target on shares of Arch Capital Group from $76.00 to $78.00 and gave the stock a “market perform” rating in a research note on Friday, August 5th. Zacks Investment Research downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 5th. MKM Partners increased their price target on shares of Arch Capital Group from $85.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, August 30th. Finally, Deutsche Bank AG increased their price target on shares of Arch Capital Group from $72.00 to $74.00 and gave the stock a “hold” rating in a research note on Friday, July 29th.

In related news, CEO Constantine Iordanou sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $79.50, for a total transaction of $3,975,000.00. Following the completion of the sale, the chief executive officer now owns 243,030 shares of the company’s stock, valued at $19,320,885. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark Donald Lyons sold 4,812 shares of the firm’s stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $80.34, for a total transaction of $386,596.08. The disclosure for this sale can be found here. Corporate insiders own 6.30% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Hartford Investment Management Co. purchased a new stake in shares of Arch Capital Group during the second quarter valued at $214,000. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Arch Capital Group by 6.6% in the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,891 shares of the company’s stock valued at $352,000 after buying an additional 303 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of Arch Capital Group by 23.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 172,617 shares of the company’s stock valued at $12,428,000 after buying an additional 32,410 shares in the last quarter. Princeton Alpha Management LP bought a new stake in shares of Arch Capital Group during the second quarter valued at about $390,000. Finally, Bank of Montreal Can bought a new stake in shares of Arch Capital Group during the second quarter valued at about $7,298,000. 77.46% of the stock is owned by institutional investors.

Arch Capital Group (NASDAQ:ACGL) opened at 79.92 on Wednesday. The stock has a 50 day moving average price of $80.16 and a 200-day moving average price of $73.89. Arch Capital Group has a 52 week low of $59.83 and a 52 week high of $85.16. The stock has a market cap of $9.64 billion, a P/E ratio of 20.66 and a beta of 0.57.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Wednesday, July 27th. The company reported $1.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.17. Arch Capital Group had a net margin of 12.27% and a return on equity of 8.32%. During the same quarter last year, the company earned $1.16 earnings per share. On average, equities analysts anticipate that Arch Capital Group will post $4.36 EPS for the current fiscal year.

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