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

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have been given a consensus rating of “Hold” by the sixteen analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, seven have issued 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 $106.8077.

Several research firms have recently commented on ACGL. Wells Fargo & Company upped their target price on Arch Capital Group from $109.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Weiss Ratings downgraded Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Barclays upped 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. Keefe, Bruyette & Woods decreased their target price on Arch Capital Group from $105.00 to $102.00 and set a “market perform” rating on the stock in a research report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. reduced their price target on Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating on the stock in a research report on Monday, April 20th.

Arch Capital Group Price Performance

Arch Capital Group stock opened at $94.33 on Friday. Arch Capital Group has a 12 month low of $82.44 and a 12 month high of $103.39. The stock’s 50 day moving average is $93.65 and its 200-day moving average is $95.01. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $32.96 billion, a price-to-earnings ratio of 7.25, a PEG ratio of 4.75 and a beta of 0.32.

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 company had revenue of $4.52 billion for the quarter. Equities research analysts expect that Arch Capital Group will post 9.3 EPS for the current year.

Insider Buying and Selling

In related news, Director Brian S. Posner sold 3,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total transaction of $58,980.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Daniel Joseph Houston purchased 5,300 shares of Arch Capital Group stock in a transaction that occurred on Thursday, April 30th. The shares were bought at an average cost of $94.08 per share, for a total transaction of $498,624.00. Following the transaction, the director directly owned 9,915 shares of the company’s stock, valued at $932,803.20. This represents a 114.84% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 3.30% of the company’s stock.

Institutional Investors Weigh In On Arch Capital Group

A number of large investors have recently added to or reduced their stakes in ACGL. Norges Bank acquired a new stake in Arch Capital Group during the fourth quarter worth approximately $463,208,000. First Trust Advisors LP grew its position in Arch Capital Group by 409.5% during the third quarter. First Trust Advisors LP now owns 2,835,648 shares of the insurance provider’s stock worth $257,278,000 after buying an additional 2,279,147 shares in the last quarter. AQR Capital Management LLC grew its position in Arch Capital Group by 184.1% during the fourth quarter. AQR Capital Management LLC now owns 2,670,628 shares of the insurance provider’s stock worth $256,167,000 after buying an additional 1,730,487 shares in the last quarter. Fiduciary Management Inc. WI acquired a new stake in Arch Capital Group during the fourth quarter worth approximately $106,683,000. Finally, Arrowstreet Capital Limited Partnership grew its position in Arch Capital Group by 572.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,268,601 shares of the insurance provider’s stock worth $121,684,000 after buying an additional 1,080,049 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

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.