Arch Capital Group (NASDAQ:ACGL) Given a $47.00 Price Target by Barclays Analysts

Barclays set a $47.00 price objective on Arch Capital Group (NASDAQ:ACGL) in a research report sent to investors on Monday morning, TipRanks reports. The firm currently has a buy rating on the insurance provider’s stock.

Several other equities research analysts also recently weighed in on the stock. Buckingham Research downgraded shares of Arch Capital Group from a buy rating to a neutral rating and set a $38.00 target price for the company. in a research note on Friday, July 19th. ValuEngine downgraded shares of Arch Capital Group from a sell rating to a strong sell rating in a research note on Thursday, August 1st. Zacks Investment Research downgraded shares of Arch Capital Group from a buy rating to a hold rating in a research note on Tuesday, April 16th. MKM Partners increased their target price on shares of Arch Capital Group from $40.00 to $45.00 and gave the stock a buy rating in a research note on Tuesday, July 30th. Finally, Wells Fargo & Co restated a hold rating and issued a $32.00 price objective on shares of Arch Capital Group in a research report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $37.91.

Shares of ACGL traded down $1.12 during mid-day trading on Monday, hitting $38.34. 34,596 shares of the company’s stock were exchanged, compared to its average volume of 1,193,355. Arch Capital Group has a fifty-two week low of $24.79 and a fifty-two week high of $40.07. The stock has a market cap of $15.95 billion, a price-to-earnings ratio of 17.50, a P/E/G ratio of 1.40 and a beta of 0.65. The company has a 50 day simple moving average of $38.13. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.54 and a quick ratio of 0.54.



Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Monday, July 29th. The insurance provider reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.08. Arch Capital Group had a net margin of 20.48% and a return on equity of 10.58%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the prior year, the firm earned $0.59 earnings per share. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. On average, analysts expect that Arch Capital Group will post 2.82 earnings per share for the current year.

In other news, CFO Francois Morin sold 8,000 shares of Arch Capital Group stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $39.42, for a total transaction of $315,360.00. Following the completion of the sale, the chief financial officer now directly owns 37,815 shares in the company, valued at approximately $1,490,667.30. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Louis T. Petrillo sold 23,982 shares of Arch Capital Group stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $34.33, for a total transaction of $823,302.06. The disclosure for this sale can be found here. In the last 90 days, insiders sold 349,435 shares of company stock valued at $11,923,930. 5.20% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the company. Commonwealth Bank of Australia lifted its position in shares of Arch Capital Group by 0.8% during the 2nd quarter. Commonwealth Bank of Australia now owns 38,525 shares of the insurance provider’s stock valued at $1,423,000 after acquiring an additional 309 shares during the period. LS Investment Advisors LLC increased its stake in shares of Arch Capital Group by 4.3% during the 2nd quarter. LS Investment Advisors LLC now owns 7,780 shares of the insurance provider’s stock worth $288,000 after purchasing an additional 318 shares in the last quarter. IFM Investors Pty Ltd increased its stake in shares of Arch Capital Group by 1.2% during the 2nd quarter. IFM Investors Pty Ltd now owns 28,017 shares of the insurance provider’s stock worth $1,039,000 after purchasing an additional 336 shares in the last quarter. ETF Managers Group LLC increased its stake in shares of Arch Capital Group by 9.9% during the 1st quarter. ETF Managers Group LLC now owns 5,017 shares of the insurance provider’s stock worth $162,000 after purchasing an additional 451 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in shares of Arch Capital Group by 0.9% during the 2nd quarter. HighTower Advisors LLC now owns 60,193 shares of the insurance provider’s stock worth $2,234,000 after purchasing an additional 552 shares in the last quarter. Institutional investors own 79.93% of the company’s stock.

Arch Capital Group Company Profile

Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; 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.

Featured Story: Investing in Dividend Stocks

Analyst Recommendations for Arch Capital Group (NASDAQ:ACGL)

Receive News & Ratings for Arch Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arch Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.