Arch Capital Group Ltd. (ACGL) Given Average Rating of “Hold” by Analysts

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have received an average rating of “Hold” from the twelve research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $99.33.

ACGL has been the subject of several recent analyst reports. Barclays increased their price target on Arch Capital Group from $91.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Monday, October 16th. BidaskClub cut Arch Capital Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, December 21st. Zacks Investment Research cut Arch Capital Group from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Wells Fargo & Co set a $100.00 price target on Arch Capital Group and gave the stock a “hold” rating in a research note on Sunday, December 10th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $113.00 price target on shares of Arch Capital Group in a research note on Friday, October 27th.

In other news, CFO Mark Donald Lyons sold 5,500 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $92.04, for a total value of $506,220.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Louis T. Petrillo sold 5,921 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $91.07, for a total value of $539,225.47. Following the completion of the sale, the insider now owns 43,268 shares of the company’s stock, valued at approximately $3,940,416.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 65,975 shares of company stock valued at $6,256,989. Insiders own 6.60% of the company’s stock.

Several institutional investors have recently made changes to their positions in ACGL. Vanguard Group Inc. lifted its holdings in shares of Arch Capital Group by 7.7% during the second quarter. Vanguard Group Inc. now owns 10,331,707 shares of the insurance provider’s stock valued at $963,845,000 after purchasing an additional 742,855 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Arch Capital Group by 7.7% during the third quarter. Wells Fargo & Company MN now owns 2,411,267 shares of the insurance provider’s stock valued at $237,510,000 after purchasing an additional 173,359 shares during the last quarter. FMR LLC lifted its holdings in shares of Arch Capital Group by 21.0% during the second quarter. FMR LLC now owns 2,294,852 shares of the insurance provider’s stock valued at $214,087,000 after purchasing an additional 398,988 shares during the last quarter. Citadel Advisors LLC lifted its holdings in shares of Arch Capital Group by 1,388.0% during the second quarter. Citadel Advisors LLC now owns 2,088,015 shares of the insurance provider’s stock valued at $194,792,000 after purchasing an additional 1,947,691 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Arch Capital Group by 0.6% during the third quarter. Principal Financial Group Inc. now owns 1,967,055 shares of the insurance provider’s stock valued at $193,755,000 after purchasing an additional 11,802 shares during the last quarter. Institutional investors and hedge funds own 79.43% of the company’s stock.

Arch Capital Group (NASDAQ:ACGL) traded up $1.23 during trading hours on Friday, hitting $91.15. The stock had a trading volume of 473,337 shares, compared to its average volume of 427,208. Arch Capital Group has a 12 month low of $86.58 and a 12 month high of $102.60. The company has a market capitalization of $11,768.19, a PE ratio of 29.40, a price-to-earnings-growth ratio of 1.31 and a beta of 0.67. 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 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 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 in the previous year, the company posted $1.14 EPS. The company’s revenue for the quarter was up 30.7% compared to the same quarter last year. equities analysts expect that Arch Capital Group will post 3 EPS for the current fiscal year.

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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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