Arch Capital Group Ltd. (NASDAQ:ACGL) has received a consensus recommendation of “Hold” from the thirteen analysts that are presently covering the stock, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $99.67.

Several equities analysts have recently issued reports on the company. UBS reiterated a “buy” rating on shares of Arch Capital Group in a research note on Monday, October 30th. Royal Bank Of Canada reiterated a “buy” rating and issued a $113.00 price target on shares of Arch Capital Group in a research note on Friday, October 27th. Wells Fargo & Company set a $100.00 price target on Arch Capital Group and gave the company a “hold” rating in a research note on Thursday, October 26th. Zacks Investment Research upgraded Arch Capital Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. Finally, Barclays lifted their price target on Arch Capital Group from $91.00 to $95.00 and gave the company an “equal weight” rating in a research note on Monday, October 16th.

Shares of Arch Capital Group (ACGL) traded up $0.17 on Friday, hitting $94.86. The stock had a trading volume of 633,467 shares, compared to its average volume of 461,226. Arch Capital Group has a one year low of $82.66 and a one year high of $102.60. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.83 and a current ratio of 0.83. The company has a market cap of $12,410.00, a price-to-earnings ratio of 32.55, a price-to-earnings-growth ratio of 2.73 and a beta of 0.70.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Wednesday, October 25th. The insurance provider reported ($0.79) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.59) by ($0.20). Arch Capital Group had a net margin of 9.44% and a return on equity of 5.57%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the business posted $1.14 EPS. The company’s revenue for the quarter was up 30.7% on a year-over-year basis. equities analysts expect that Arch Capital Group will post 3.23 earnings per share for the current fiscal year.

In related news, CEO Nicolas Papadopoulo sold 80,694 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $93.80, for a total transaction of $7,569,097.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew Rippert sold 3,500 shares of the firm’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $94.25, for a total value of $329,875.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 187,633 shares of company stock worth $17,864,402. 6.60% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ACGL. Citadel Advisors LLC boosted its holdings in shares of Arch Capital Group by 1,388.0% during the 2nd quarter. Citadel Advisors LLC now owns 2,088,015 shares of the insurance provider’s stock valued at $194,792,000 after acquiring an additional 1,947,691 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Arch Capital Group by 5,723.3% during the 2nd quarter. Janus Henderson Group PLC now owns 1,074,932 shares of the insurance provider’s stock valued at $100,280,000 after acquiring an additional 1,056,473 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Arch Capital Group by 7.7% during the 2nd quarter. Vanguard Group Inc. now owns 10,331,707 shares of the insurance provider’s stock valued at $963,845,000 after acquiring an additional 742,855 shares in the last quarter. FMR LLC boosted its holdings in shares of Arch Capital Group by 21.0% during the 2nd quarter. FMR LLC now owns 2,294,852 shares of the insurance provider’s stock valued at $214,087,000 after acquiring an additional 398,988 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Arch Capital Group by 32.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,609,474 shares of the insurance provider’s stock worth $150,148,000 after buying an additional 395,629 shares during the period. 79.50% of the stock is currently owned by institutional investors.

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About Arch Capital Group

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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