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

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have earned an average rating of “Hold” from the sixteen brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $109.8214.

ACGL has been the subject of several recent analyst reports. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $102.00 price objective (up from $100.00) on shares of Arch Capital Group in a research note on Thursday, July 9th. UBS Group reissued a “buy” rating and issued a $120.00 price objective (up from $114.00) on shares of Arch Capital Group in a research report on Wednesday, July 8th. Morgan Stanley boosted their target price on Arch Capital Group from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Monday, July 6th. Citigroup upped their target price 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. Finally, Keefe, Bruyette & Woods decreased their price target on Arch Capital Group from $102.00 to $99.00 and set a “market perform” rating for the company in a research note on Wednesday, July 8th.

Insider Buying and Selling at Arch Capital Group

In other news, Director Brian S. Posner sold 3,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $19.66, for a total transaction of $58,980.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel Joseph Houston bought 5,300 shares of the stock in a transaction dated Thursday, April 30th. The shares were bought at an average cost of $94.08 per share, with a total value of $498,624.00. Following the completion of the purchase, the director directly owned 9,915 shares of the company’s stock, valued at approximately $932,803.20. This trade represents a 114.84% increase in their position. The SEC filing for this purchase provides additional information. 3.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Arch Capital Group

A number of institutional investors have recently modified their holdings of ACGL. Norges Bank purchased a new position in shares of Arch Capital Group during the fourth quarter valued at $463,208,000. First Trust Advisors LP lifted its stake in Arch Capital Group by 319.5% in the first quarter. First Trust Advisors LP now owns 2,626,148 shares of the insurance provider’s stock worth $252,084,000 after acquiring an additional 2,000,162 shares during the period. AQR Capital Management LLC grew its holdings in Arch Capital Group by 184.1% during the 4th quarter. AQR Capital Management LLC now owns 2,670,628 shares of the insurance provider’s stock worth $256,167,000 after acquiring an additional 1,730,487 shares in the last quarter. Fiduciary Management Inc. WI bought a new position in Arch Capital Group during the 4th quarter worth about $106,683,000. Finally, Arrowstreet Capital Limited Partnership increased its position in Arch Capital Group by 572.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,268,601 shares of the insurance provider’s stock valued at $121,684,000 after purchasing an additional 1,080,049 shares during the period. 89.07% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Price Performance

NASDAQ:ACGL opened at $101.83 on Tuesday. The firm has a market capitalization of $35.58 billion, a price-to-earnings ratio of 7.82, a PEG ratio of 5.04 and a beta of 0.31. 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 business has a 50 day simple moving average of $95.25 and a 200-day simple moving average of $95.66. Arch Capital Group has a 1 year low of $82.44 and a 1 year high of $105.09.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share 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. Equities analysts forecast that Arch Capital Group will post 9.35 EPS for the current year.

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.