Arch Capital Group Ltd. Releases 2023 Sustainability Reports
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Arch Capital (ACGL) PT Raised to $110 at Roth/MKM
April 5, 2024 11:44 AM EDTRoth/MKM analyst Harry Fong raised the price target on Arch Capital (NASDAQ: ACGL) to $110.00 (from $100.00) while maintaining a Buy rating.
The analyst comments "ACGL announced the bolt-on acquisition of Allianzs U.S. MidCorp and Entertainment Insurance Businesses for $450 million in cash consideration. This business writes gross premiums of $1.7 billion and was essentially the former Fireman's Fund Insurances commercial business. The deal is structured as a loss portfolio transfer (LPT) of $2... More
