Evercore ISI Maintains a Hold on Arch Capital Group (ACGL)

Arch Capital Group Ltd. (NASDAQ:ACGL) is one of the best cheap stocks to buy for beginners. In a report released on September 8, David Motemaden from Evercore ISI maintained a Hold rating on Arch Capital Group Ltd. (NASDAQ:ACGL) and set a price target of $97.00.

The same day, Arch Capital Group Ltd. (NASDAQ:ACGL) announced that its Board of Directors raised the “authorization for its existing share repurchase program by $2.0 billion, which, as in the past, may be effected from time to time in open market or privately negotiated transactions.”

Management reported that after accounting for the recent share repurchases in Q3 2025 and the increased authorization, around $2.3 billion of share repurchases are available under the program as of Sept. 4, 2025.

Arch Capital Group Ltd. (NASDAQ:ACGL) provides property and casualty insurance and reinsurance lines. The company’s operations are divided into the following segments: Insurance, Reinsurance, Mortgage, Corporate, and Other.

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Disclosure: None. This article is originally published at Insider Monkey.