Several brokerages have updated their recommendations and price targets on shares of Arch Capital Group (NASDAQ: ACGL) in the last few weeks:

  • 10/30/2017 – Arch Capital Group had its “buy” rating reaffirmed by analysts at UBS AG.
  • 10/27/2017 – Arch Capital Group had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $113.00 price target on the stock.
  • 10/26/2017 – Arch Capital Group was given a new $100.00 price target on by analysts at Wells Fargo & Company. They now have a “hold” rating on the stock. They wrote, “We do not expect much movement in the Arch shares due to earnings instead the shares should respond to the market outlook on the conference call.””
  • 10/25/2017 – Arch Capital Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Shares of Arch Capital have outperformed the industry year to date. Arch Capital has a strong product portfolio and has been maintaining an exemplary track record of premium growth. This apart, the company has been making efforts to diversify its Mortgage Insurance business through strategic acquisitions. Moreover, the insurer remains focused in boosting shareholders’ value. However, exposure to catastrophe losses poses an inherent risk to the P&C business, inducing volatility in underwriting results. Arch Capital estimated third-quarter 2017 after-tax cat losses between $285 million and $345 million. A still low interest rate environment and intense competition are concerns. The company will release its third quarter results on Oct 25th after the market closes. A Zacks Rank #3 increases the predictive power of a beat but when combined with Earnings ESP of 0.00% makes prediction difficult for beat.”
  • 10/16/2017 – Arch Capital Group had its price target raised by analysts at Barclays PLC from $91.00 to $95.00. They now have an “equal weight” rating on the stock.
  • 10/12/2017 – Arch Capital Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Arch Capital has a strong product portfolio and has been maintaining an exemplary track record of premium growth. This apart, the company has been making efforts to diversify its Mortgage Insurance business through strategic acquisitions. Moreover, the insurer remains focused in boosting shareholders’ value. However, its exposure to catastrophe losses poses an inherent risk to the P&C business, inducing volatility in underwriting results. Also, a still low interest rate environment and intense competition concerns. Moreover, shares of Arch Capital have underperformed the industry in the last three months. Also, the company has seen its 2017 and 2018 estimates moving south over the last 60 days.”
  • 9/26/2017 – Arch Capital Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Arch Capital has a strong product portfolio and has been maintaining an exemplary track record of premium growth. This apart, the company has been making efforts to diversify its Mortgage Insurance business through strategic acquisitions. Moreover, the insurer remains focused in boosting shareholders’ value. However, its exposure to catastrophe losses poses an inherent risk to the P&C business, inducing volatility in underwriting results. Also, a still low interest rate environment and intense competition concerns. Moreover, shares of Arch Capital have underperformed the industry in the last three months. Also, the company has seen its 2017 and 2018 estimates moving south over the last 60 days.”
  • 9/21/2017 – Arch Capital Group had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $100.00 price target on the stock.
  • 9/19/2017 – Arch Capital Group had its price target lowered by analysts at UBS AG from $114.00 to $110.00. They now have a “buy” rating on the stock.

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) traded down $0.14 on Wednesday, reaching $95.56. 447,400 shares of the company were exchanged, compared to its average volume of 458,439. The firm has a market capitalization of $12,524.64, a P/E ratio of 32.22, a price-to-earnings-growth ratio of 2.66 and a beta of 0.70. Arch Capital Group Ltd. has a fifty-two week low of $79.86 and a fifty-two week high of $102.60. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.83 and a current ratio of 0.83.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Wednesday, October 25th. The insurance provider reported ($0.79) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.59) by ($0.20). The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.16 billion. Arch Capital Group had a return on equity of 5.57% and a net margin of 9.44%. Arch Capital Group’s quarterly revenue was up 30.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.14 earnings per share. analysts predict that Arch Capital Group Ltd. will post 3.27 earnings per share for the current year.

In related news, CFO Mark Donald Lyons sold 9,967 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $97.31, for a total transaction of $969,888.77. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Nicolas Papadopoulo sold 80,694 shares of the business’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $93.80, for a total transaction of $7,569,097.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 187,633 shares of company stock worth $17,864,402. 6.60% of the stock is owned by corporate insiders.

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.

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