Arch Capital Group Ltd. (NASDAQ:ACGL) Receives Average Recommendation of “Hold” from Brokerages

Arch Capital Group Ltd. (NASDAQ:ACGL) has been assigned an average rating of “Hold” from the sixteen analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $106.8462.

A number of brokerages recently issued reports on ACGL. Barclays set a $99.00 price target on shares of Arch Capital Group and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $98.00 target price on shares of Arch Capital Group in a research note on Tuesday, October 28th. Citigroup reiterated a “market outperform” rating on shares of Arch Capital Group in a report on Tuesday, October 28th. Morgan Stanley upped their price target on Arch Capital Group from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, November 17th. Finally, Royal Bank Of Canada set a $108.00 price objective on Arch Capital Group and gave the company an “outperform” rating in a research report on Monday, November 24th.

Insider Buying and Selling

In related news, CFO Francois Morin sold 8,000 shares of Arch Capital Group stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $94.62, for a total value of $756,960.00. Following the completion of the sale, the chief financial officer directly owned 266,681 shares in the company, valued at approximately $25,233,356.22. This trade represents a 2.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.10% of the company’s stock.

Hedge Funds Weigh In On Arch Capital Group

Institutional investors have recently made changes to their positions in the business. Norges Bank purchased a new stake in shares of Arch Capital Group in the 2nd quarter worth $441,551,000. Nuveen LLC purchased a new position in Arch Capital Group during the first quarter valued at $399,651,000. Cooke & Bieler LP bought a new stake in Arch Capital Group during the third quarter valued at about $210,856,000. First Trust Advisors LP increased its position in Arch Capital Group by 409.5% in the third quarter. First Trust Advisors LP now owns 2,835,648 shares of the insurance provider’s stock worth $257,278,000 after buying an additional 2,279,147 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Arch Capital Group by 30.5% in the first quarter. JPMorgan Chase & Co. now owns 7,470,591 shares of the insurance provider’s stock worth $718,522,000 after buying an additional 1,743,945 shares during the period. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Price Performance

Shares of ACGL stock opened at $91.72 on Monday. The stock has a market cap of $33.26 billion, a price-to-earnings ratio of 8.58, a PEG ratio of 2.14 and a beta of 0.47. The business’s fifty day moving average is $90.21 and its 200 day moving average is $90.34. Arch Capital Group has a twelve month low of $82.44 and a twelve month high of $98.81. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.13.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Monday, October 27th. The insurance provider reported $2.77 EPS for the quarter, beating the consensus estimate of $1.76 by $1.01. Arch Capital Group had a return on equity of 16.38% and a net margin of 20.96%.The business had revenue of $5.11 billion during the quarter, compared to analyst estimates of $4.39 billion. During the same quarter last year, the firm posted $1.99 earnings per share. Research analysts expect that Arch Capital Group will post 8.42 EPS for the current fiscal year.

Arch Capital Group Company Profile

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; 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.