Arch Capital Group Ltd. (ACGL) : The consensus price target for Arch Capital Group Ltd. (ACGL) is $77.71 for the short term with a standard deviation of $6.05. The most optimist securities analyst among the 7 who monitor the stock believes that the stock can reach $86, however, the pessimist price target for the company is $70.
Arch Capital Group Ltd. (ACGL) : The consensus on Arch Capital Group Ltd. (ACGL) based on 10 analyst recommendation on the company stock is 2.6, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Arch Capital Group Ltd. (ACGL).
Also, Equity analysts at the Brokerage firm Keefe Bruyette & Woods maintains its rating on Arch Capital Group Ltd. (NASDAQ:ACGL). The rating major has initiated the coverage with market perform rating on the shares. The Analysts at Keefe Bruyette & Woods raises the price target from $78 per share to $86 per share. The rating by the firm was issued on August 17, 2016.
Arch Capital Group Ltd. (NASDAQ:ACGL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $80.93 and $80.43 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $81.57. The buying momentum continued till the end and the stock did not give up its gains. It closed at $81.41, notching a gain of 0.58% for the day. The total traded volume was 341,379 . The stock had closed at $80.94 on the previous day.
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.