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.
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.
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.
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