Arch Capital Group Ltd. (ACGL) : 11 analysts are covering Arch Capital Group Ltd. (ACGL) and their average rating on the stock is 2.45, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Arch Capital Group Ltd. (ACGL) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Arch Capital Group Ltd. (ACGL) : 8 investment research analysts covering Arch Capital Group Ltd. (ACGL) have an average price target of $80.25 for the near short term. The highest target price given by the Brokerage Firm to the stock is $98 and the lowest target is $70 for the short term. Analysts expect the variance to be within $9.1 of the average price.
Also, Goldman Sachs upgrades their rating on the shares of Arch Capital Group Ltd. (NASDAQ:ACGL). The current rating of the shares is Neutral. Earlier, the shares were rated a Sell by the brokerage firm. Equity Analysts at the Firm raises the price target to $79 per share from $66 per share. The rating by the firm was issued on September 7, 2016.
Arch Capital Group Ltd. (NASDAQ:ACGL): After opening at $79.68, the stock dipped to an intraday low of $79.68 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $80.87 and the buying power remained strong till the end. The stock closed at $80.74 for the day, a gain of 0.11% for the day session. The total traded volume was 563,747. The stocks close on the previous trading day was $80.65.
Arch Capital Group Ltd. (ACGL) writes insurance and reinsurance on an around the world basis. The Company operates in two underwriting segments: insurance and reinsurance and mortgage. The insurance segments 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 (consisting of alternative markets, excess workers compensation and surety business). The reinsurance segments product lines include casualty; marine and aviation; other specialty; property catastrophe; property excluding property catastrophe, and other (consisting of life reinsurance, casualty clash and other). The mortgage segment consists of the Companys mortgage insurance and reinsurance business and includes the results of Arch MI U.S., which provides mortgage insurance to banks and other lenders across the nation, including existing credit union customers.