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

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have received a consensus recommendation of “Hold” from the seventeen brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $106.3214.

ACGL has been the topic of several analyst reports. Barclays raised their target price on Arch Capital Group from $104.00 to $106.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. Citigroup increased their price target on Arch Capital Group from $120.00 to $122.50 and gave the company a “buy” rating in a research note on Thursday, April 30th. Royal Bank Of Canada increased their price target on Arch Capital Group from $108.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, February 11th. Weiss Ratings lowered Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Finally, Keefe, Bruyette & Woods decreased their price target on Arch Capital Group from $105.00 to $102.00 and set a “market perform” rating for the company in a research note on Tuesday, May 5th.

Arch Capital Group Price Performance

ACGL opened at $89.34 on Monday. Arch Capital Group has a 12 month low of $82.44 and a 12 month high of $103.39. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.55 and a quick ratio of 0.55. The stock has a market cap of $31.21 billion, a P/E ratio of 6.86, a P/E/G ratio of 4.91 and a beta of 0.32. The stock’s 50 day moving average price is $95.29 and its 200 day moving average price is $95.17.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%.The firm had revenue of $4.52 billion for the quarter. As a group, research analysts predict that Arch Capital Group will post 9.29 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Daniel Joseph Houston acquired 5,300 shares of Arch Capital Group stock in a transaction dated Thursday, April 30th. The stock was acquired at an average cost of $94.08 per share, with a total value of $498,624.00. Following the purchase, the director directly owned 9,915 shares in the company, valued at $932,803.20. The trade was a 114.84% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Nicolas Papadopoulo sold 21,930 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $96.31, for a total value of $2,112,078.30. Following the sale, the chief executive officer directly owned 871,594 shares of the company’s stock, valued at approximately $83,943,218.14. This represents a 2.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 32,837 shares of company stock valued at $2,766,946. 3.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Arch Capital Group

Large investors have recently modified their holdings of the stock. Elyxium Wealth LLC bought a new stake in shares of Arch Capital Group during the 4th quarter worth $27,000. WealthCollab LLC boosted its stake in shares of Arch Capital Group by 410.3% during the 3rd quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 238 shares in the last quarter. JPL Wealth Management LLC bought a new stake in shares of Arch Capital Group during the 3rd quarter worth $28,000. Aventura Private Wealth LLC bought a new stake in shares of Arch Capital Group during the 4th quarter worth $30,000. Finally, Grove Bank & Trust bought a new stake in shares of Arch Capital Group during the 4th quarter worth $30,000. 89.07% of the stock is owned by institutional investors.

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.