Arch Capital Group (ACGL) Receives a Hold from KBW
KBW analyst Meyer Shields maintained a Hold rating on Arch Capital Group today and set a price target of $105.00.
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Shields covers the Financial sector, focusing on stocks such as Progressive, Allstate, and W. R. Berkley Corporation. According to TipRanks, Shields has an average return of 10.6% and a 64.43% success rate on recommended stocks.
Currently, the analyst consensus on Arch Capital Group is a Moderate Buy with an average price target of $108.15.
Based on Arch Capital Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.39 billion and a net profit of $1.24 billion. In comparison, last year the company earned a revenue of $5.02 billion and had a net profit of $935 million
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ACGL in relation to earlier this year. Last month, Nicolas Papadopoulo, the CEO of ACGL sold 21,930.00 shares for a total of $2,111,859.00.
Read More on ACGL:
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