KBW Keeps Their Hold Rating on Arch Capital Group Ltd

By Carrie Williams

KBW analyst Meyer Shields reiterated a Hold rating on Arch Capital Group Ltd (NASDAQ: ACGL) on December 4 and set a price target of $101. The company’s shares opened today at $92.86.

According to TipRanks.com, Shields is a 4-star analyst with an average return of 7.4% and a 72.1% success rate. Shields covers the Financial sector, focusing on stocks such as Argo Group International Holdings Ltd, Universal Insurance Holdings Inc, and Infinity Property and Casualty.

Arch Capital Group Ltd has an analyst consensus of Moderate Buy, with a price target consensus of $108.

Arch Capital Group Ltd’s market cap is currently $12.13B and has a P/E ratio of 29.95. The company has a book value ratio of 1.5887.

Based on the recent corporate insider activity of 65 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. The Insurance segment consists of insurance underwriting units which offer specialty product lines on a worldwide basis.