Arch Capital Group Ltd. Sets New 1-Year High at $59.30 (ACGL)
Arch Capital Group (NASDAQ:ACGL) set a new 52-week high during trading on Tuesday, AnalystRatingsNetwork.com reports. The stock traded as high as $59.30 and last traded at $58.15, with a volume of 393,129 shares. The stock had previously closed at $57.58.
A number of analysts have recently weighed in on ACGL shares. Analysts at Zacks upgraded shares of Arch Capital Group from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, October 2nd. They now have a $57.90 price target on the stock. Separately, analysts at Wells Fargo & Co. downgraded shares of Arch Capital Group from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday, September 12th. Finally, analysts at Keefe, Bruyette & Woods downgraded shares of Arch Capital Group from a “market perform” rating to an “underperform” rating in a research note to investors on Monday, August 12th. They now have a $46.00 price target on the stock, down previously from $52.00. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $54.21.
Arch Capital Group has a 52 week low of $40.77 and a 52 week high of $55.87. The stock has a 50-day moving average of $53.64 and a 200-day moving average of $52.51. The company has a market cap of $7.736 billion and a P/E ratio of 12.76.
Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $1.10 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.62 by $0.48. The company had revenue of $839.10 million for the quarter, compared to the consensus estimate of $860.00 million. During the same quarter in the prior year, the company posted $0.87 earnings per share. The company’s quarterly revenue was up 11.1% on a year-over-year basis. Analysts expect that Arch Capital Group will post $3.91 EPS for the current fiscal year.
Arch Capital Group Ltd. (NASDAQ:ACGL) writes insurance and reinsurance on a worldwide basis.
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