Wells Fargo Remains a Hold on Arch Capital Group Ltd

In a report released yesterday, Elyse Greenspan from Wells Fargo reiterated a Hold rating on Arch Capital Group Ltd (NASDAQ: ACGL). The company’s shares closed yesterday at $79.17, close to its 52-week low of $77.12.

According to TipRanks.com, Greenspan is a 3-star analyst with an average return of 4.5% and a 50.7% success rate. Greenspan covers the Financial sector, focusing on stocks such as American International Group, Marsh & Mclennan Companies, and Renaissancere Holdings Ltd.

Arch Capital Group Ltd has an analyst consensus of Moderate Buy, with a price target consensus of $101.

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Arch Capital Group Ltd’s market cap is currently $10.82B and has a P/E ratio of 23.92. The company has a Price to Book ratio of 1.29.

Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is neutral on the stock.

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Arch Capital Group Ltd. provides property and casualty insurance and reinsurance lines. It operates through the following segments: Insurance, Reinsurance, Mortgage, Corporate (Non-Underwriting), and Other.