Arch Capital Group Ltd. (NASDAQ:ACGL) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Several other analysts also recently commented on ACGL. Keefe, Bruyette & Woods set a $95.00 target price on shares of Arch Capital Group and gave the company a “hold” rating in a report on Thursday, April 6th. Wells Fargo & Company restated a “hold” rating on shares of Arch Capital Group in a research report on Wednesday, April 26th. Morgan Stanley increased their target price on shares of Arch Capital Group from $90.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Friday, April 28th. Deutsche Bank AG increased their target price on shares of Arch Capital Group from $78.00 to $87.00 and gave the stock a “hold” rating in a research report on Thursday, March 30th. Finally, Zacks Investment Research lowered shares of Arch Capital Group from a “hold” rating to a “sell” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. Arch Capital Group presently has an average rating of “Hold” and a consensus price target of $91.50.

Arch Capital Group (ACGL) opened at 93.29 on Friday. Arch Capital Group has a 12-month low of $68.85 and a 12-month high of $99.21. The stock’s 50 day moving average is $94.93 and its 200 day moving average is $92.76. The stock has a market capitalization of $12.50 billion, a PE ratio of 15.81 and a beta of 0.66.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Tuesday, April 25th. The insurance provider reported $1.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.09. Arch Capital Group had a net margin of 16.92% and a return on equity of 8.85%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the firm posted $1.20 EPS. Analysts forecast that Arch Capital Group will post $5.42 EPS for the current year.

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In related news, Director John D. Vollaro sold 2,911 shares of Arch Capital Group stock in a transaction on Friday, April 28th. The shares were sold at an average price of $97.26, for a total value of $283,123.86. Following the transaction, the director now directly owns 37,650 shares of the company’s stock, valued at $3,661,839. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Mark Donald Lyons sold 8,266 shares of Arch Capital Group stock in a transaction on Monday, June 12th. The stock was sold at an average price of $93.53, for a total transaction of $773,118.98. The disclosure for this sale can be found here. Insiders have sold 166,700 shares of company stock worth $15,923,004 over the last three months. Insiders own 6.60% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Nomura Asset Management Co. Ltd. increased its position in shares of Arch Capital Group by 33.5% in the first quarter. Nomura Asset Management Co. Ltd. now owns 75,053 shares of the insurance provider’s stock valued at $7,113,000 after buying an additional 18,822 shares during the last quarter. Clearbridge Investments LLC increased its position in shares of Arch Capital Group by 0.5% in the first quarter. Clearbridge Investments LLC now owns 562,078 shares of the insurance provider’s stock valued at $53,268,000 after buying an additional 2,867 shares during the last quarter. Proficio Capital Partners LLC increased its position in shares of Arch Capital Group by 75.5% in the first quarter. Proficio Capital Partners LLC now owns 1,095 shares of the insurance provider’s stock valued at $104,000 after buying an additional 471 shares during the last quarter. Adalta Capital Management LLC purchased a new position in shares of Arch Capital Group during the first quarter valued at approximately $379,000. Finally, Point72 Asset Management L.P. increased its position in shares of Arch Capital Group by 324.2% in the first quarter. Point72 Asset Management L.P. now owns 75,500 shares of the insurance provider’s stock valued at $7,155,000 after buying an additional 57,700 shares during the last quarter. 73.47% of the stock is currently owned by institutional investors.

Arch Capital Group Company Profile

Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.

Analyst Recommendations for Arch Capital Group (NASDAQ:ACGL)

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