Arch Capital Group Ltd. (ACGL) Given Average Recommendation of “Hold” by Brokerages

Arch Capital Group Ltd. (NASDAQ:ACGL) has earned a consensus rating of “Hold” from the twelve ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $99.33.

A number of research firms have recently weighed in on ACGL. Wells Fargo & Co set a $96.00 target price on Arch Capital Group and gave the stock a “hold” rating in a report on Monday. UBS Group reissued a “buy” rating on shares of Arch Capital Group in a report on Monday, October 30th. Zacks Investment Research raised Arch Capital Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. Royal Bank of Canada reissued a “buy” rating and set a $113.00 target price on shares of Arch Capital Group in a report on Friday, October 27th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $101.00 target price on shares of Arch Capital Group in a report on Wednesday, December 6th.

In related news, CFO Mark Donald Lyons sold 5,500 shares of the firm’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 legal filing with the SEC, which is available at this hyperlink. Also, insider Louis T. Petrillo sold 5,921 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $91.07, for a total value of $539,225.47. Following the completion of the transaction, the insider now owns 43,268 shares in the company, valued at approximately $3,940,416.76. The disclosure for this sale can be found here. 6.60% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN grew its position in Arch Capital Group by 18.1% in the fourth quarter. Wells Fargo & Company MN now owns 2,847,716 shares of the insurance provider’s stock valued at $258,488,000 after acquiring an additional 436,449 shares during the last quarter. Principal Financial Group Inc. grew its position in Arch Capital Group by 0.6% in 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 acquiring an additional 11,802 shares during the last quarter. Renaissance Technologies LLC grew its position in Arch Capital Group by 10.8% in the fourth quarter. Renaissance Technologies LLC now owns 1,692,500 shares of the insurance provider’s stock valued at $153,628,000 after acquiring an additional 165,200 shares during the last quarter. Geode Capital Management LLC grew its position in Arch Capital Group by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,181,416 shares of the insurance provider’s stock valued at $107,176,000 after acquiring an additional 16,567 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in Arch Capital Group by 6.4% in the third quarter. Janus Henderson Group PLC now owns 1,143,678 shares of the insurance provider’s stock valued at $112,652,000 after acquiring an additional 68,746 shares during the last quarter. Hedge funds and other institutional investors own 79.17% of the company’s stock.

Shares of Arch Capital Group (ACGL) traded up $2.62 during trading on Wednesday, reaching $90.04. The company’s stock had a trading volume of 691,727 shares, compared to its average volume of 550,943. Arch Capital Group has a fifty-two week low of $85.35 and a fifty-two week high of $102.60. The firm has a market cap of $11,374.26, a P/E ratio of 22.18, a price-to-earnings-growth ratio of 1.27 and a beta of 0.62. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.49.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Monday, February 12th. The insurance provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.21. Arch Capital Group had a return on equity of 5.95% and a net margin of 11.21%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the firm posted $1.13 EPS. The company’s quarterly revenue was up 27.4% on a year-over-year basis. sell-side analysts expect that Arch Capital Group will post 6.22 EPS for the current year.

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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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