Arch Capital Group Ltd. (NASDAQ:ACGL) shares traded 0.94% higher at $82.27 on Wall Street last session.
In accordance with the data, 15 analysts cover Arch Capital Group Ltd. (NASDAQ:ACGL). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $92.00 and a low of $75.00, we find $86.00. Given the previous closing price of $81.50, this indicates a potential upside of 5.52 percent. ACGL stock price is now 11.67% away from the 50-day moving average and 25.85% away from the 200-day moving average. The market capitalization of the company currently stands at $30.35B.
It has been rated a hold by 2 analysts and a buy by 12. Brokers who have rated the stock have averaged $84.92 as their price target over the next twelve months.
With the price target of $92, Morgan Stanley recently initiated with Overweight rating for Arch Capital Group Ltd. (NASDAQ: ACGL).
In other news, GRANDISSON MARC, CEO sold 200,000 shares of the company’s stock on May 19. The stock was sold for $15,220,920 at an average price of $76.10. Upon completion of the transaction, the CEO now directly owns 2,287,157 shares in the company, valued at $188.16 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 10, OFFICER OF SUBSIDIARY PETRILLO LOUIS T sold 15,406 shares of the business’s stock. A total of $1,183,071 was realized by selling the stock at an average price of $76.79. This leaves the insider owning 105,254 shares of the company worth $8.66 million. Insiders disposed of 1,573,780 shares of company stock worth roughly $129.47 million over the past 1 year. A total of 0.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ACGL stock. A new stake in Arch Capital Group Ltd. shares was purchased by ALYESKA INVESTMENT GROUP, L.P. during the first quarter worth $27,907,000. VINVA INVESTMENT MANAGEMENT LTD invested $13,858,000 in shares of ACGL during the first quarter. In the first quarter, ASSETMARK, INC acquired a new stake in Arch Capital Group Ltd. valued at approximately $12,798,000. GLADSTONE CAPITAL MANAGEMENT LLP acquired a new stake in ACGL for approximately $10,670,000. MOORE CAPITAL MANAGEMENT, LP purchased a new stake in ACGL valued at around $7,784,000 in the second quarter. In total, there are 881 active investors with 90.70% ownership of the company’s stock.
Arch Capital Group Ltd. (NASDAQ: ACGL) opened at $81.89 on Friday. During the past 12 months, Arch Capital Group Ltd. has had a low of $41.05 and a high of $81.75. According to the stock market information, the enterprise value for the company is $33.57B, which is based on a 15.85 price-to-earnings ratio, a 0.88 price-to-earnings-growth ratio, and a beta of 0.72. The fifty day moving average price for ACGL is $73.79 and a two-hundred day moving average price translates $65.55 for the stock.
The latest earnings results from Arch Capital Group Ltd. (NASDAQ: ACGL) was released for Mar, 2023. According to the Insurance – Diversified Company, earnings per share came in at $1.73, beating analysts’ expectations of $1.45 by 0.28. This compares to $0.48 EPS in the same period last year. The net profit margin was 18.30% and return on equity was 16.40% for ACGL. The company reported revenue of $3.17 billion for the quarter, compared to $1.94 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 63.13 percent. For the current quarter, analysts expect ACGL to generate $3.24B in revenue.
Arch Capital Group Ltd.(ACGL) Company Profile
Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance 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. It also provides property, energy, marine, and aviation insurance; travel insurance; accident, disability, and medical plan insurance coverages; captive insurance programs; employer’s liability; contract and commercial surety coverages; and collateral protection, debt cancellation, and service contract reimbursement products. This segment markets its products through a group of licensed independent retail and wholesale brokers. Its Reinsurance segment provides casualty reinsurance for third party liability exposures; marine and aviation; motor reinsurance, whole account multi-line treaties, cyber, trade credit, surety, accident and health, workers’ compensation catastrophe, agriculture, trade credit, and political risk products; reinsurance protection for catastrophic losses, and personal lines and commercial property exposures; life reinsurance; casualty clash; and risk management solutions. This segment markets its reinsurance products through brokers. The company’s Mortgage segment offers direct mortgage insurance and mortgage reinsurance. Arch Capital Group Ltd. founded in 1995 and is based in Pembroke, Bermuda.
