Arch Capital Group (NASDAQ:ACGL)‘s stock had its “hold” rating reaffirmed by investment analysts at Keefe, Bruyette & Woods in a note issued to investors on Wednesday. They currently have a $101.00 price target on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 8.77% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. UBS reissued a “buy” rating on shares of Arch Capital Group in a report on Monday, October 30th. Zacks Investment Research raised shares of Arch Capital Group from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. Wells Fargo & Company set a $100.00 price target on shares of Arch Capital Group and gave the company a “hold” rating in a report on Thursday, October 26th. Buckingham Research began coverage on shares of Arch Capital Group in a report on Monday, September 11th. They issued a “buy” rating and a $106.00 price target for the company. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $113.00 price target on shares of Arch Capital Group in a report on Friday, October 27th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Arch Capital Group presently has a consensus rating of “Hold” and a consensus price target of $100.80.

Arch Capital Group (ACGL) traded up $0.15 on Wednesday, reaching $92.86. 388,975 shares of the company traded hands, compared to its average volume of 460,752. The company has a market cap of $12,253.73, a P/E ratio of 31.52, a PEG ratio of 2.64 and a beta of 0.67. Arch Capital Group has a 52 week low of $84.04 and a 52 week 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.

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

In other news, CEO Nicolas Papadopoulo sold 80,694 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $93.80, for a total transaction of $7,569,097.20. The transaction was disclosed in a legal filing with the SEC, which is available at 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 transaction of $329,875.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 187,633 shares of company stock worth $17,864,402. Corporate insiders own 6.60% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC raised its position in shares of Arch Capital Group by 0.4% during the 2nd quarter. Parallel Advisors LLC now owns 1,356 shares of the insurance provider’s stock valued at $132,000 after buying an additional 6 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Arch Capital Group by 0.7% during the 2nd quarter. CIBC Asset Management Inc now owns 10,799 shares of the insurance provider’s stock valued at $1,007,000 after buying an additional 78 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in shares of Arch Capital Group by 2.6% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 3,873 shares of the insurance provider’s stock valued at $361,000 after buying an additional 97 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Arch Capital Group by 3.1% during the 2nd quarter. Nordea Investment Management AB now owns 3,300 shares of the insurance provider’s stock valued at $308,000 after buying an additional 100 shares in the last quarter. Finally, Utah Retirement Systems raised its position in shares of Arch Capital Group by 0.5% during the 2nd quarter. Utah Retirement Systems now owns 21,054 shares of the insurance provider’s stock valued at $1,964,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 79.50% of the company’s stock.

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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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