Wells Fargo Keeps Their Buy Rating on Arch Capital Group (ACGL)

In a report released today, Elyse Greenspan from Wells Fargo maintained a Buy rating on Arch Capital Group (ACGLResearch Report), with a price target of $52.00. The company’s shares closed last Monday at $45.60, close to its 52-week high of $48.32.

According to TipRanks.com, Greenspan is a 4-star analyst with an average return of 5.6% and a 64.8% 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 Strong Buy, with a price target consensus of $52.20, a 14.2% upside from current levels. In a report issued on February 13, MKM Partners also maintained a Buy rating on the stock with a $60.00 price target.

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The company has a one-year high of $48.32 and a one-year low of $31.53. Currently, Arch Capital Group has an average volume of 1.33M.

Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is neutral 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.