Arch Capital Group Ltd. (NASDAQ:ACGL) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have been assigned an average rating of “Moderate Buy” from the twelve research firms that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $96.23.

ACGL has been the topic of a number of recent research reports. Morgan Stanley raised their price target on shares of Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a report on Monday. StockNews.com downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a report on Monday, March 11th. Wells Fargo & Company raised their price target on shares of Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. JPMorgan Chase & Co. raised their price target on shares of Arch Capital Group from $88.00 to $92.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Finally, UBS Group lowered 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.

Arch Capital Group Stock Up 1.2 %

ACGL stock opened at $90.86 on Wednesday. Arch Capital Group has a 12-month low of $69.05 and a 12-month high of $95.01. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.17. The company has a market cap of $34.09 billion, a price-to-earnings ratio of 7.82, a PEG ratio of 1.12 and a beta of 0.57. The company has a 50 day moving average of $89.07 and a two-hundred day moving average of $83.79.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Thursday, February 15th. The insurance provider reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.55. The company had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.67 billion. Arch Capital Group had a net margin of 32.59% and a return on equity of 21.94%. During the same quarter in the prior year, the firm earned $2.14 EPS. On average, equities analysts anticipate that Arch Capital Group will post 8.02 earnings per share for the current fiscal year.

Insider Transactions at Arch Capital Group

In related news, insider Nicolas Papadopoulo sold 60,000 shares of Arch Capital Group stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the completion of the transaction, the insider now directly owns 651,931 shares of the company’s stock, valued at approximately $57,057,001.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Arch Capital Group news, CFO Francois Morin sold 25,689 shares of the business’s stock in a transaction dated 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 transaction, 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 legal filing with the SEC, which is available at this hyperlink. Also, insider Nicolas Papadopoulo sold 60,000 shares of Arch Capital Group stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the sale, the insider now owns 651,931 shares of the company’s stock, valued at approximately $57,057,001.12. The disclosure for this sale can be found here. In the last three months, insiders sold 135,689 shares of company stock valued at $11,872,217. Company insiders own 4.00% of the company’s stock.

Institutional Investors Weigh In On Arch Capital Group

Several institutional investors have recently modified their holdings of the business. DekaBank Deutsche Girozentrale grew its holdings in Arch Capital Group by 6.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 205,548 shares of the insurance provider’s stock valued at $16,756,000 after purchasing an additional 11,594 shares during the period. SG Americas Securities LLC grew its holdings in Arch Capital Group by 601.1% during the fourth quarter. SG Americas Securities LLC now owns 141,370 shares of the insurance provider’s stock valued at $10,500,000 after purchasing an additional 121,206 shares during the period. Treasurer of the State of North Carolina grew its holdings in Arch Capital Group by 0.7% during the third quarter. Treasurer of the State of North Carolina now owns 209,153 shares of the insurance provider’s stock valued at $16,672,000 after purchasing an additional 1,504 shares during the period. Millington Financial Advisors LLC acquired a new position in Arch Capital Group during the third quarter valued at approximately $1,030,000. Finally, Asset Management One Co. Ltd. grew its holdings in Arch Capital Group by 31.7% during the fourth quarter. Asset Management One Co. Ltd. now owns 201,790 shares of the insurance provider’s stock valued at $14,945,000 after purchasing an additional 48,587 shares during the period. Institutional investors and hedge funds 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.