Arch Capital Group Ltd. (NASDAQ:ACGL) Given Consensus Rating of “Hold” by Analysts

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have received a consensus recommendation of “Hold” from the eighteen analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $107.5333.

ACGL has been the subject of a number of recent research reports. Roth Mkm set a $110.00 price objective on shares of Arch Capital Group and gave the stock a “buy” rating in a report on Tuesday, December 2nd. JPMorgan Chase & Co. boosted their price target on shares of Arch Capital Group from $111.00 to $117.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 7th. Cantor Fitzgerald restated an “overweight” rating and set a $97.00 price target (up from $93.00) on shares of Arch Capital Group in a research report on Wednesday, January 14th. Morgan Stanley set a $125.00 price objective on Arch Capital Group in a research note on Friday, January 16th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Arch Capital Group in a research note on Wednesday, January 21st.

Arch Capital Group Price Performance

Shares of Arch Capital Group stock opened at $93.70 on Tuesday. The firm has a market capitalization of $33.98 billion, a PE ratio of 8.77, a price-to-earnings-growth ratio of 1.95 and a beta of 0.45. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.13. Arch Capital Group has a 12 month low of $82.44 and a 12 month high of $97.60. The business’s 50-day moving average price is $93.71 and its 200-day moving average price is $91.02.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Monday, October 27th. The insurance provider reported $2.77 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $4.39 billion. During the same quarter in the previous year, the company posted $1.99 EPS. Sell-side analysts forecast that Arch Capital Group will post 8.42 EPS for the current fiscal year.

Insider Activity at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 8,000 shares of the business’s stock in a transaction that occurred on 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 owned 266,681 shares in the company, valued at approximately $25,233,356.22. The trade was a 2.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John M. Pasquesi sold 8,800 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $94.17, for a total transaction of $828,696.00. Following the completion of the transaction, the insider owned 289,556 shares in the company, valued at $27,267,488.52. This represents a 2.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 220,666 shares of company stock valued at $20,728,673 in the last quarter. Corporate insiders own 4.10% of the company’s stock.

Hedge Funds Weigh In On Arch Capital Group

Hedge funds have recently modified their holdings of the company. Geneos Wealth Management Inc. increased its holdings in Arch Capital Group by 157.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock valued at $65,000 after purchasing an additional 412 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of Arch Capital Group in the 2nd quarter worth approximately $253,000. Farther Finance Advisors LLC increased its stake in shares of Arch Capital Group by 10.0% during the second quarter. Farther Finance Advisors LLC now owns 4,438 shares of the insurance provider’s stock valued at $404,000 after buying an additional 405 shares during the period. Fifth Third Bancorp raised its holdings in shares of Arch Capital Group by 16.9% during the second quarter. Fifth Third Bancorp now owns 5,887 shares of the insurance provider’s stock valued at $536,000 after acquiring an additional 852 shares in the last quarter. Finally, Dakota Wealth Management lifted its stake in Arch Capital Group by 3.0% in the second quarter. Dakota Wealth Management now owns 6,413 shares of the insurance provider’s stock worth $584,000 after acquiring an additional 188 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Company Profile

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.