Wells Fargo (NYSE:WFC) analyst Elyse Greenspan reiterated a Buy rating on Arch Capital Group (NASDAQ:ACGL) Ltd on Sunday, setting a price target of $49, which is approximately 12.83% above the present share price of $43.43.
Greenspan expects Arch Capital Group Ltd to post earnings per share (EPS) of $1.00 for the fourth quarter of 2021.
The current consensus among 9 TipRanks analysts is for a Strong Buy rating of shares in Arch Capital Group, with an average price target of $50.11.
The analysts price targets range from a high of $58 to a low of $45.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $2.04 billion and a net profit of $0. The company's market cap is $16.77 billion.
According to TipRanks.com, Wells Fargo analyst Elyse Greenspan is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 12.0% and a 66.12% success rate.
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.