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

Arch Capital Group Ltd. (NASDAQ:ACGL) has received a consensus recommendation of “Hold” from the seventeen ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $106.00.

Several equities analysts have recently commented on ACGL shares. Roth Capital set a $110.00 price target on shares of Arch Capital Group and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Arch Capital Group in a research note on Wednesday, October 8th. Morgan Stanley lifted their target price on Arch Capital Group from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday, November 17th. Wells Fargo & Company lowered their price target on Arch Capital Group from $111.00 to $106.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Finally, Mizuho set a $95.00 price objective on Arch Capital Group and gave the stock a “neutral” rating in a research note on Monday, December 15th.

Arch Capital Group Price Performance

ACGL stock opened at $95.92 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.55 and a current ratio of 0.55. Arch Capital Group has a 1 year low of $82.44 and a 1 year high of $97.60. The firm has a market cap of $34.78 billion, a P/E ratio of 8.97, a price-to-earnings-growth ratio of 2.23 and a beta of 0.45. The stock has a 50-day simple moving average of $92.20 and a 200-day simple moving average of $90.66.

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

Insider Transactions at Arch Capital Group

In other news, CFO Francois Morin sold 8,000 shares of the firm’s stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $94.62, for a total value of $756,960.00. Following the transaction, 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 SEC, which can be accessed through the SEC website. Also, insider John M. Pasquesi sold 203,866 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $93.90, for a total transaction of $19,143,017.40. Following the sale, the insider directly owned 351,356 shares of the company’s stock, valued at approximately $32,992,328.40. This represents a 36.72% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 220,666 shares of company stock worth $20,728,673. Insiders own 4.20% of the company’s stock.

Institutional Trading of Arch Capital Group

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Arch Capital Group by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 42,414,557 shares of the insurance provider’s stock worth $3,861,845,000 after buying an additional 493,583 shares during the last quarter. Artisan Partners Limited Partnership boosted its holdings in shares of Arch Capital Group by 1.7% during the second quarter. Artisan Partners Limited Partnership now owns 23,833,290 shares of the insurance provider’s stock valued at $2,170,021,000 after acquiring an additional 408,950 shares during the period. WCM Investment Management LLC grew its position in shares of Arch Capital Group by 1.3% during the third quarter. WCM Investment Management LLC now owns 13,525,402 shares of the insurance provider’s stock worth $1,214,987,000 after acquiring an additional 171,693 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Arch Capital Group by 1.1% during the second quarter. Geode Capital Management LLC now owns 10,502,003 shares of the insurance provider’s stock worth $952,523,000 after acquiring an additional 115,465 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Arch Capital Group by 4.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,190,927 shares of the insurance provider’s stock worth $743,168,000 after acquiring an additional 360,626 shares during the period. Institutional investors own 89.07% of the company’s stock.

About Arch Capital Group

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.