Arch Capital Group (ACGL) Downgraded by BidaskClub to “Strong Sell”

Arch Capital Group (NASDAQ:ACGL) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Thursday.

ACGL has been the topic of several other research reports. Wells Fargo & Co 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. Zacks Investment Research raised shares of Arch Capital Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. UBS Group reaffirmed a “buy” rating on shares of Arch Capital Group in a report on Monday, October 30th. Royal Bank of Canada reaffirmed a “buy” rating and set a $113.00 price target on shares of Arch Capital Group in a report on Friday, October 27th. Finally, Barclays lifted their price target on shares of Arch Capital Group from $91.00 to $95.00 and gave the company an “equal weight” rating in a report on Monday, October 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. Arch Capital Group currently has a consensus rating of “Hold” and an average price target of $100.80.

Shares of Arch Capital Group (NASDAQ ACGL) traded up $0.21 during midday trading on Thursday, reaching $89.71. 289,861 shares of the company traded hands, compared to its average volume of 488,608. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.83 and a quick ratio of 0.83. The company has a market capitalization of $11,770.00, a price-to-earnings ratio of 29.03, a price-to-earnings-growth ratio of 2.59 and a beta of 0.67. Arch Capital Group has a 12 month low of $84.21 and a 12 month high of $102.60.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Wednesday, October 25th. The insurance provider reported ($0.79) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.59) by ($0.20). The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.16 billion. Arch Capital Group had a net margin of 9.44% and a return on equity of 5.57%. The business’s quarterly revenue was up 30.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.14 earnings per share. analysts predict that Arch Capital Group will post 3.15 EPS for the current fiscal year.

In other news, CFO Mark Donald Lyons sold 5,500 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $92.04, for a total value of $506,220.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Nicolas Papadopoulo sold 54,554 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $95.53, for a total transaction of $5,211,543.62. Following the completion of the transaction, the chief executive officer now directly owns 147,481 shares in the company, valued at approximately $14,088,859.93. The disclosure for this sale can be found here. Insiders sold 65,975 shares of company stock worth $6,256,989 in the last three months. Insiders own 6.60% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC bought a new position in Arch Capital Group during the second quarter valued at $112,000. Vantage Investment Advisors LLC grew its holdings in shares of Arch Capital Group by 1,372.9% in the second quarter. Vantage Investment Advisors LLC now owns 1,252 shares of the insurance provider’s stock worth $117,000 after purchasing an additional 1,167 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Arch Capital Group by 0.4% in the second quarter. Parallel Advisors LLC now owns 1,356 shares of the insurance provider’s stock worth $132,000 after purchasing an additional 6 shares during the last quarter. Toronto Dominion Bank grew its holdings in shares of Arch Capital Group by 18.8% in the second quarter. Toronto Dominion Bank now owns 1,596 shares of the insurance provider’s stock worth $149,000 after purchasing an additional 253 shares during the last quarter. Finally, Pacer Advisors Inc. bought a new position in shares of Arch Capital Group in the second quarter worth about $197,000. 79.41% of the stock is currently owned by hedge funds and other 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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