Wells Fargo analyst Elyse Greenspan reiterated a Buy rating on Arch Capital Group (ACGL) today. The company’s shares closed last Thursday at $38.06, close to its 52-week high of $38.09.
According to TipRanks.com, Greenspan is a 5-star analyst with an average return of 11.1% and a 65.7% success rate. Greenspan covers the Financial sector, focusing on stocks such as American International Group, Marsh & Mclennan Companies, and United Insurance Holdings.
Arch Capital Group has an analyst consensus of Moderate Buy, with a price target consensus of $40.83.
See today’s analyst top recommended stocks >>
Arch Capital Group’s market cap is currently $15.15B and has a P/E ratio of 11.40. The company has a Price to Book ratio of 1.31.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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. The Insurance segment consists of insurance underwriting units which offer specialty product lines like construction and national accounts, excess and surplus casualty, lenders products, professional lines, and programs. The Reinsurance segment is comprised of reinsurance underwriting which offer specialty product lines such as casualty, marine and aviation, other specialty, property catastrophe, property excluding property catastrophe, and other. The Mortgage segment is the operations that includes U.S. and international mortgage insurance and reinsurance operations as well as GSE credit risk sharing transactions. The Corporate (Non-Underwriting) segment includes net investment income, other income, corporate expense, interest expense, net realized gains and losses, net impairment losses. The Other segment refers to Watford Re. which is a variable interest entity. The company was founded by Clements Robert in 1995 and is headquartered in Hamilton, Bermuda.
Read More on ACGL:
