Arch Capital Group (ACGL) Rating Increased to Sell at BidaskClub

BidaskClub upgraded shares of Arch Capital Group (NASDAQ:ACGL) from a strong sell rating to a sell rating in a research report sent to investors on Tuesday.

A number of other equities analysts have also recently commented on the company. Wells Fargo & Co set a $100.00 target price on Arch Capital Group and gave the company a hold rating in a report on Sunday, December 10th. Zacks Investment Research upgraded Arch Capital Group from a sell rating to a hold rating in a research note on Thursday, October 12th. Royal Bank of Canada reiterated a buy rating and issued a $113.00 price objective on shares of Arch Capital Group in a research note on Friday, October 27th. Keefe, Bruyette & Woods reiterated a hold rating and issued a $101.00 price objective on shares of Arch Capital Group in a research note on Wednesday, December 6th. Finally, UBS Group reiterated a buy rating on shares of Arch Capital Group in a research note on Monday, October 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $100.40.

Shares of Arch Capital Group (ACGL) traded up $0.69 during trading on Tuesday, reaching $91.38. The company had a trading volume of 652,500 shares, compared to its average volume of 575,890. Arch Capital Group has a 12 month low of $86.46 and a 12 month high of $102.60. The stock has a market cap of $11,868.96, a PE ratio of 29.48, a price-to-earnings-growth ratio of 1.33 and a beta of 0.67. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.49.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Wednesday, October 25th. The insurance provider reported ($0.79) EPS for the quarter, missing analysts’ consensus estimates of ($0.59) by ($0.20). Arch Capital Group had a net margin of 9.44% and a return on equity of 5.57%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter last year, the business earned $1.14 earnings per share. The business’s revenue was up 30.7% compared to the same quarter last year. equities research analysts anticipate that Arch Capital Group will post 3.04 EPS for the current year.

In related news, CEO Nicolas Papadopoulo sold 54,554 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $95.53, for a total transaction of $5,211,543.62. Following the completion of the sale, the chief executive officer now owns 147,481 shares in the company, valued at $14,088,859.93. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Louis T. Petrillo sold 5,921 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $91.07, for a total value of $539,225.47. Following the sale, the insider now owns 43,268 shares of the company’s stock, valued at approximately $3,940,416.76. The disclosure for this sale can be found here. Insiders sold a total of 65,975 shares of company stock valued at $6,256,989 in the last quarter. Company insiders own 6.60% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Acrospire Investment Management LLC purchased a new stake in Arch Capital Group during the second quarter worth approximately $112,000. Toronto Dominion Bank lifted its stake in Arch Capital Group by 18.8% during the second quarter. Toronto Dominion Bank now owns 1,596 shares of the insurance provider’s stock worth $149,000 after purchasing an additional 253 shares during the last quarter. CIBC World Markets Inc. purchased a new stake in Arch Capital Group during the second quarter worth approximately $208,000. Dynamic Technology Lab Private Ltd purchased a new stake in Arch Capital Group during the second quarter worth approximately $229,000. Finally, Dai Ichi Life Insurance Company Ltd purchased a new stake in Arch Capital Group during the third quarter worth approximately $242,000. Hedge funds and other institutional investors own 79.43% of the company’s stock.

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About Arch Capital Group

Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.

Analyst Recommendations for Arch Capital Group (NASDAQ:ACGL)

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