Arch Capital Group Ltd. (NASDAQ:ACGL – Get Free Report) shares hit a new 52-week high during trading on Monday after JMP Securities raised their price target on the stock from $90.00 to $95.00. JMP Securities currently has a market outperform rating on the stock. Arch Capital Group traded as high as $85.48 and last traded at $85.31, with a volume of 114965 shares traded. The stock had previously closed at $84.16.
A number of other research analysts have also issued reports on ACGL. Wells Fargo & Company lifted their target price on Arch Capital Group from $90.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, July 28th. Barclays boosted their target price on shares of Arch Capital Group from $92.00 to $96.00 and gave the stock an “overweight” rating in a report on Tuesday, October 10th. JPMorgan Chase & Co. lifted their price target on shares of Arch Capital Group from $75.00 to $82.00 and gave the stock a “neutral” rating in a research report on Thursday, July 27th. Morgan Stanley raised their price objective on Arch Capital Group from $98.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 11th. Finally, Jefferies Financial Group boosted their target price on Arch Capital Group from $89.00 to $95.00 in a research report on Friday, October 6th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Arch Capital Group has a consensus rating of “Moderate Buy” and an average target price of $85.08.
Get Our Latest Report on Arch Capital Group
Institutional Inflows and Outflows
Arch Capital Group Stock Up 1.8 %
The stock has a market cap of $31.96 billion, a price-to-earnings ratio of 14.53, a P/E/G ratio of 1.19 and a beta of 0.70. The business has a fifty day moving average of $78.65 and a 200 day moving average of $75.47. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.59 and a quick ratio of 0.59.
Arch Capital Group (NASDAQ:ACGL – Get Free Report) last announced its quarterly earnings results on Thursday, July 27th. The insurance provider reported $1.92 EPS for the quarter, topping the consensus estimate of $1.65 by $0.27. Arch Capital Group had a net margin of 19.31% and a return on equity of 18.57%. The company had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.19 billion. During the same quarter in the prior year, the business posted $1.34 EPS. Arch Capital Group’s quarterly revenue was up 27.7% on a year-over-year basis. On average, equities analysts predict that Arch Capital Group Ltd. will post 6.9 earnings per share for the current year.
About Arch Capital Group
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.
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