BidaskClub Upgrades Arch Capital Group (ACGL) to Sell

BidaskClub upgraded shares of Arch Capital Group (NASDAQ:ACGL) from a strong sell rating to a sell rating in a research note published on Friday morning.

ACGL has been the topic of several other research reports. Wells Fargo set a $96.00 price objective on Arch Capital Group and gave the company a hold rating in a research note on Wednesday, March 14th. Keefe, Bruyette & Woods upgraded Arch Capital Group from a market perform rating to an outperform rating in a research note on Thursday. Finally, ValuEngine lowered Arch Capital Group from a hold rating to a sell rating in a research note on Thursday, March 1st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $100.50.

How to Become a New Pot Stock Millionaire

Arch Capital Group (ACGL) traded down $0.95 during trading hours on Friday, reaching $83.41. The company’s stock had a trading volume of 929,304 shares, compared to its average volume of 898,548. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $11,531.20, a price-to-earnings ratio of 20.54, a price-to-earnings-growth ratio of 1.24 and a beta of 0.63. Arch Capital Group has a 12-month low of $83.35 and a 12-month high of $102.60.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Monday, February 12th. The insurance provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.21. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.09 billion. Arch Capital Group had a return on equity of 5.87% and a net margin of 11.21%. The business’s revenue for the quarter was up 27.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.13 earnings per share. equities research analysts forecast that Arch Capital Group will post 6.21 earnings per share for the current fiscal year.

In other Arch Capital Group news, CFO Mark Donald Lyons sold 6,000 shares of the firm’s stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $84.16, for a total transaction of $504,960.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Constantine Iordanou acquired 7,000 shares of the stock in a transaction on Thursday, February 15th. The shares were bought at an average price of $23.80 per share, for a total transaction of $166,600.00. Following the purchase, the chief executive officer now owns 7,000 shares in the company, valued at $166,600. The disclosure for this purchase can be found here. 6.60% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Arch Capital Group by 7.4% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 66,919 shares of the insurance provider’s stock valued at $6,074,000 after purchasing an additional 4,630 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in shares of Arch Capital Group by 80.0% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,400 shares of the insurance provider’s stock valued at $490,000 after purchasing an additional 2,400 shares in the last quarter. Sterling Capital Management LLC acquired a new stake in shares of Arch Capital Group in the 4th quarter valued at $1,288,000. BB&T Securities LLC acquired a new stake in shares of Arch Capital Group in the 4th quarter valued at $488,000. Finally, Millennium Management LLC acquired a new stake in shares of Arch Capital Group in the 4th quarter valued at $2,823,000. Hedge funds and other institutional investors own 81.35% of the company’s stock.

WARNING: “BidaskClub Upgrades Arch Capital Group (ACGL) to Sell” was reported by Ticker Report and is the property of of Ticker Report. If you are accessing this piece on another site, it was stolen and republished in violation of United States and international copyright law. The legal version of this piece can be accessed at https://www.tickerreport.com/banking-finance/3296204/bidaskclub-upgrades-arch-capital-group-acgl-to-sell.html.

About Arch Capital Group

Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; 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.

Analyst Recommendations for Arch Capital Group (NASDAQ:ACGL)

Receive News & Ratings for Arch Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arch Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

AveXis  Receives $125.45 Consensus PT from Analysts
AveXis Receives $125.45 Consensus PT from Analysts
NetScout Systems  Expected to Announce Earnings of $0.37 Per Share
NetScout Systems Expected to Announce Earnings of $0.37 Per Share
BitcoinDark Price Up 44.3% Over Last Week
BitcoinDark Price Up 44.3% Over Last Week
Kronecoin  Price Hits $0.0113
Kronecoin Price Hits $0.0113
Exchange Union Price Tops $6.91
Exchange Union Price Tops $6.91
Zacks: Analysts Anticipate Shoe Carnival  Will Post Quarterly Sales of $259.80 Million
Zacks: Analysts Anticipate Shoe Carnival Will Post Quarterly Sales of $259.80 Million


© 2006-2018 Ticker Report. Google+.