Arch Capital Group (NASDAQ:ACGL) has been assigned a $100.00 price target by investment analysts at Wells Fargo & Company in a note issued to investors on Sunday. The firm presently has a “hold” rating on the insurance provider’s stock. Wells Fargo & Company’s target price suggests a potential upside of 8.03% from the stock’s previous close.
The analysts wrote, “We believe the company will make decisions on that end for 2018 as it becomes more clear on how the market will develop. $ 2016A 2017E 2018E EPS Curr. Prior Curr. Prior Q1 (Mar.) 1.17 1.42 A NC 1.52 NC Q2 (June) 1.13 1.21 A NC 1.38 NC Q3 (Sep.) 1.20 (0.79) A NC 1.31 NC Q4 (Dec.) 1.13 1.36 NC 1.54 NC FY 4.63 3.23 NC 5.75 NC CY 4.63 3.23 5.75 FY P/EPS 19.9x 28.5x 16.0x Rev.(MM) 4,031 4,892 5,034 Source: Company Data, Wells Fargo Securities, LLC estimates, and Reuters NA = Not Available, NC = No Change, NE = No Estimate, NM = Not Meaningful V = Volatile, = Company is on the Priority Stock List Ticker ACGL Price Target/Prior: $100/NC Price (12/08/2017) $92.01 52-Week Range: $84-103 Shares Outstanding: (MM) 136.4 Market Cap.: (MM) $12,550.2 S&P 500: 2,367.34 Avg. Daily Vol.: 515,749 Dividend/Yield: $0.00/0.0% LT Debt: (MM) $2,132.7 LT Debt/Total Cap.: 19.3% ROE: 4.4% 3-5 Yr. Est. Growth Rate: 12.0% CY 2017 Est.””
ACGL has been the topic of a number of other reports. Barclays raised their target price on shares of Arch Capital Group from $91.00 to $95.00 and gave the company an “equal weight” rating in a research note on Monday, October 16th. Zacks Investment Research upgraded shares of Arch Capital Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. BidaskClub lowered shares of Arch Capital Group from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. UBS reiterated a “buy” rating on shares of Arch Capital Group in a research note on Monday, October 30th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $101.00 target price on shares of Arch Capital Group in a research note on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $100.80.
Arch Capital Group (ACGL) opened at $92.57 on Friday. The firm has a market cap of $12,090.00, a price-to-earnings ratio of 30.98, a PEG ratio of 2.59 and a beta of 0.67. 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 has a twelve month low of $84.21 and a twelve month high of $102.60.
Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Wednesday, October 25th. The insurance provider reported ($0.79) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.59) by ($0.20). Arch Capital Group had a net margin of 9.44% and a return on equity of 5.57%. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the business posted $1.14 EPS. The firm’s revenue for the quarter was up 30.7% compared to the same quarter last year. sell-side analysts forecast that Arch Capital Group will post 3.23 earnings per share for the current fiscal year.
In other Arch Capital Group news, CEO Nicolas Papadopoulo sold 54,554 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $95.53, for a total value of $5,211,543.62. Following the sale, the chief executive officer now directly owns 147,481 shares in the company, valued at approximately $14,088,859.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of ACGL. Acrospire Investment Management LLC acquired a new stake in Arch Capital Group in the 2nd quarter worth $112,000. Vantage Investment Advisors LLC grew its position in Arch Capital Group by 1,372.9% in the 2nd quarter. Vantage Investment Advisors LLC now owns 1,252 shares of the insurance provider’s stock worth $117,000 after purchasing an additional 1,167 shares during the last quarter. Parallel Advisors LLC grew its position in Arch Capital Group by 0.4% in the 2nd quarter. Parallel Advisors LLC now owns 1,356 shares of the insurance provider’s stock worth $132,000 after purchasing an additional 6 shares during the last quarter. Toronto Dominion Bank grew its position in Arch Capital Group by 18.8% in the 2nd quarter. Toronto Dominion Bank now owns 1,596 shares of the insurance provider’s stock worth $149,000 after purchasing an additional 253 shares during the last quarter. Finally, Pacer Advisors Inc. acquired a new stake in Arch Capital Group in the 2nd quarter worth $197,000. Institutional investors own 79.50% of the company’s stock.
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Arch Capital Group Company Profile
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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