Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have been given an average rating of “Hold” by the twelve analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $42.79.
A number of research analysts have issued reports on ACGL shares. BidaskClub raised shares of Arch Capital Group from a “sell” rating to a “hold” rating in a report on Saturday, December 21st. MKM Partners increased their target price on shares of Arch Capital Group from $45.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Barclays reaffirmed a “buy” rating and issued a $52.00 target price on shares of Arch Capital Group in a report on Tuesday, January 7th. Wells Fargo & Co raised shares of Arch Capital Group from an “equal weight” rating to an “overweight” rating and set a $48.00 target price for the company in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. cut shares of Arch Capital Group from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $44.00 to $40.00 in a report on Tuesday, November 12th.
NASDAQ ACGL traded up $0.08 during trading hours on Thursday, hitting $44.32. 17,024 shares of the stock were exchanged, compared to its average volume of 963,024. The company has a market cap of $17.95 billion, a price-to-earnings ratio of 20.15, a price-to-earnings-growth ratio of 1.45 and a beta of 0.63. Arch Capital Group has a 12-month low of $27.48 and a 12-month high of $44.21. The stock has a 50-day moving average of $42.39 and a 200 day moving average of $40.64. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.26.
Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Tuesday, October 29th. The insurance provider reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.01. Arch Capital Group had a net margin of 21.97% and a return on equity of 10.31%. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the company posted $0.53 earnings per share. On average, equities research analysts expect that Arch Capital Group will post 2.74 earnings per share for the current year.
In other news, CEO Maamoun Rajeh sold 25,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $41.60, for a total value of $1,040,000.00. Following the sale, the chief executive officer now directly owns 302,517 shares in the company, valued at $12,584,707.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John D. Vollaro sold 9,900 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $41.02, for a total transaction of $406,098.00. The disclosure for this sale can be found here. Insiders sold 48,349 shares of company stock worth $1,995,338 over the last quarter. Company insiders own 5.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in ACGL. CSat Investment Advisory L.P. acquired a new stake in Arch Capital Group during the second quarter worth approximately $26,000. Liberty Wealth Management LLC acquired a new position in shares of Arch Capital Group in the 3rd quarter valued at $38,000. Signaturefd LLC boosted its holdings in shares of Arch Capital Group by 72.8% in the 3rd quarter. Signaturefd LLC now owns 1,118 shares of the insurance provider’s stock valued at $47,000 after purchasing an additional 471 shares during the last quarter. Allred Capital Management LLC acquired a new position in shares of Arch Capital Group in the 4th quarter valued at $62,000. Finally, Capital Bank & Trust Co boosted its holdings in shares of Arch Capital Group by 74.4% in the 2nd quarter. Capital Bank & Trust Co now owns 1,915 shares of the insurance provider’s stock valued at $71,000 after purchasing an additional 817 shares during the last quarter. Hedge funds and other institutional investors own 79.44% of the company’s stock.
About Arch Capital Group
Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.
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