In a report released yesterday, Jay Gelb from Barclays maintained a Buy rating on Arch Capital Group Ltd (ACGL), with a price target of $42. The company’s shares opened today at $37.62, close to its 52-week high of $37.91.
According to TipRanks.com, Gelb is a 5-star analyst with an average return of 8.0% and a 69.7% success rate. Gelb covers the Financial sector, focusing on stocks such as American International Group, Renaissancere Holdings Ltd, and Prudential Financial Inc.
Currently, the analyst consensus on Arch Capital Group Ltd is a Strong Buy with an average price target of $38.80, which is a 3.1% upside from current levels. In a report issued on June 26, Deutsche Bank also upgraded the stock to Buy with a $41 price target.
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Arch Capital Group Ltd’s market cap is currently $15.28B and has a P/E ratio of 15.26. The company has a Price to Book ratio of 1.63.
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative 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.
