Arch Capital Group Ltd. (NASDAQ:ACGL) Stock Rated “Hold” by Sell-Side Analysts

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have been assigned a consensus rating of “Hold” from the sixteen ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $111.65.

ACGL has been the topic of a number of analyst reports. Morgan Stanley set a $103.00 target price on shares of Arch Capital Group and gave the stock an “equal weight” rating in a research report on Thursday, October 29th. Citigroup boosted their price objective on shares of Arch Capital Group from $122.50 to $125.00 and gave the company a “buy” rating in a research note on Thursday, October 29th. Bank of America raised their price objective on Arch Capital Group from $129.00 to $131.00 and gave the stock a “buy” rating in a report on Monday, October 12th. Cantor Fitzgerald set a $106.00 price target on shares of Arch Capital Group in a report on Tuesday. Finally, Evercore dropped their price objective on shares of Arch Capital Group from $105.00 to $103.00 in a research report on Wednesday, October 28th.

Insider Transactions at Arch Capital Group

In other news, CFO Francois Morin sold 11,010 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $99.32, for a total transaction of $1,093,513.20. Following the transaction, the chief financial officer directly owned 184,826 shares of the company’s stock, valued at approximately $18,356,918.32. The trade was a 5.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Arch Capital Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Twin Capital Management Inc. boosted its stake in shares of Arch Capital Group by 1.4% during the 1st quarter. Twin Capital Management Inc. now owns 8,177 shares of the insurance provider’s stock valued at $785,000 after purchasing an additional 116 shares in the last quarter. Torren Management LLC raised its holdings in Arch Capital Group by 66.9% in the second quarter. Torren Management LLC now owns 292 shares of the insurance provider’s stock worth $28,000 after buying an additional 117 shares during the last quarter. V Square Quantitative Management LLC lifted its position in Arch Capital Group by 1.3% during the first quarter. V Square Quantitative Management LLC now owns 9,453 shares of the insurance provider’s stock valued at $907,000 after purchasing an additional 123 shares during the period. Signaturefd LLC increased its position in shares of Arch Capital Group by 2.8% during the 3rd quarter. Signaturefd LLC now owns 5,186 shares of the insurance provider’s stock valued at $479,000 after purchasing an additional 140 shares during the last quarter. Finally, Personal CFO Solutions LLC boosted its holdings in shares of Arch Capital Group by 1.4% in the first quarter. Personal CFO Solutions LLC now owns 10,238 shares of the insurance provider’s stock worth $983,000 after buying an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Trading Up 2.7%

NASDAQ:ACGL opened at $110.68 on Thursday. Arch Capital Group has a 12-month low of $87.05 and a 12-month high of $110.73. The company has a current ratio of 0.56, a quick ratio of 0.57 and a debt-to-equity ratio of 0.21. The stock’s 50 day simple moving average is $98.47 and its 200-day simple moving average is $97.04. The firm has a market cap of $37.77 billion, a P/E ratio of 9.05, a PEG ratio of 3.57 and a beta of 0.22.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Tuesday, October 27th. The insurance provider reported $2.67 earnings per share for the quarter, beating the consensus estimate of $2.31 by $0.36. Arch Capital Group had a net margin of 23.31% and a return on equity of 16.62%. The business had revenue of $4.66 billion for the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter in the previous year, the firm earned $2.77 earnings per share. Equities analysts anticipate that Arch Capital Group will post 10.08 EPS for the current year.

Arch Capital Group Company Profile

Arch Capital Group Ltd. is a Bermuda-based insurance, reinsurance and mortgage insurance company whose shares trade on the Nasdaq under the symbol ACGL. The company was established in 1995 and has developed into a global provider of specialty risk-management products and services.

Through its insurance operations, Arch offers property, casualty, specialty, and accident and health coverage to businesses and other policyholders. Its reinsurance operations provide coverage and risk-transfer solutions to insurance companies across a range of property and casualty lines.