Arch Capital Group (NASDAQ:ACGL) Trading 1.2% Higher

Arch Capital Group Ltd. (NASDAQ:ACGL) shares traded up 1.2% on Wednesday . The company traded as high as $92.54 and last traded at $92.34. 60,944 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 1,727,905 shares. The stock had previously closed at $91.22.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Citigroup cut their price objective on shares of Arch Capital Group from $91.00 to $89.00 and set a “neutral” rating on the stock in a report on Monday, January 22nd. JMP Securities upped their target price on shares of Arch Capital Group from $95.00 to $100.00 and gave the stock a “market outperform” rating in a research note on Thursday, February 15th. StockNews.com downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Monday, March 11th. JPMorgan Chase & Co. upped their target price on shares of Arch Capital Group from $88.00 to $92.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, UBS Group dropped their target price on shares of Arch Capital Group from $101.00 to $97.00 and set a “buy” rating on the stock in a research note on Wednesday, January 10th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $95.77.

Arch Capital Group Trading Down 1.0 %

The company has a debt-to-equity ratio of 0.17, a current ratio of 0.57 and a quick ratio of 0.57. The company has a market cap of $34.25 billion, a P/E ratio of 7.86, a P/E/G ratio of 1.15 and a beta of 0.57. The stock’s 50-day moving average is $88.66 and its two-hundred day moving average is $83.56.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Thursday, February 15th. The insurance provider reported $2.49 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.55. Arch Capital Group had a net margin of 32.59% and a return on equity of 21.94%. The business had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.67 billion. During the same period last year, the firm earned $2.14 earnings per share. As a group, equities research analysts predict that Arch Capital Group Ltd. will post 8.02 earnings per share for the current fiscal year.

Insider Transactions at Arch Capital Group

In other news, CFO Francois Morin sold 25,689 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $87.47, for a total value of $2,247,016.83. Following the completion of the sale, the chief financial officer now directly owns 221,779 shares of the company’s stock, valued at $19,399,009.13. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Nicolas Papadopoulo sold 60,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $87.52, for a total value of $5,251,200.00. Following the completion of the sale, the insider now owns 651,931 shares in the company, valued at approximately $57,057,001.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Francois Morin sold 25,689 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the completion of the sale, the chief financial officer now owns 221,779 shares of the company’s stock, valued at approximately $19,399,009.13. The disclosure for this sale can be found here. Insiders sold a total of 135,689 shares of company stock valued at $11,872,217 over the last three months. Corporate insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On Arch Capital Group

Institutional investors have recently made changes to their positions in the company. Householder Group Estate & Retirement Specialist LLC purchased a new stake in Arch Capital Group in the 4th quarter valued at about $27,000. Larson Financial Group LLC purchased a new stake in Arch Capital Group in the 4th quarter valued at about $30,000. Richardson Financial Services Inc. purchased a new stake in Arch Capital Group in the 4th quarter valued at about $33,000. First Horizon Advisors Inc. boosted its position in Arch Capital Group by 151.0% in the 1st quarter. First Horizon Advisors Inc. now owns 497 shares of the insurance provider’s stock valued at $34,000 after buying an additional 299 shares during the period. Finally, Steward Financial Group LLC boosted its position in Arch Capital Group by 180.7% in the 3rd quarter. Steward Financial Group LLC now owns 525 shares of the insurance provider’s stock valued at $41,000 after buying an additional 338 shares during the period. Institutional investors own 89.07% of the company’s stock.

About Arch Capital Group

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.