Keefe, Bruyette & Woods Upgrades Arch Capital Group (ACGL) to “Outperform”

Keefe, Bruyette & Woods upgraded shares of Arch Capital Group (NASDAQ:ACGL) from a market perform rating to an outperform rating in a research report released on Thursday, MarketBeat.com reports.

A number of other brokerages also recently commented on ACGL. ValuEngine downgraded Arch Capital Group from a hold rating to a sell rating in a research note on Thursday, March 1st. Wells Fargo reiterated a hold rating and set a $96.00 price target on shares of Arch Capital Group in a research report on Tuesday, January 9th. Finally, BidaskClub lowered Arch Capital Group from a sell rating to a strong sell rating in a research report on Thursday, December 21st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $100.50.

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Arch Capital Group stock opened at $83.41 on Thursday. The company has a market capitalization of $11,401.31, a price-to-earnings ratio of 20.54, a P/E/G ratio of 1.22 and a beta of 0.63. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.79 and a current ratio of 0.79. Arch Capital Group has a 52 week low of $83.35 and a 52 week high of $102.60.

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

In other Arch Capital Group news, CEO Constantine Iordanou purchased 7,000 shares of Arch Capital Group stock in a transaction on Thursday, February 15th. The stock was bought at an average price of $23.80 per share, for a total transaction of $166,600.00. Following the transaction, the chief executive officer now owns 7,000 shares of the company’s stock, valued at approximately $166,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Mark Donald Lyons sold 6,000 shares of the business’s stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $84.16, for a total value of $504,960.00. The disclosure for this sale can be found here. Insiders own 6.60% of the company’s stock.

A number of hedge funds have recently made changes to their positions in ACGL. Alps Advisors Inc. acquired a new stake in shares of Arch Capital Group in the fourth quarter valued at $203,000. Dai Ichi Life Insurance Company Ltd acquired a new stake in shares of Arch Capital Group in the third quarter valued at $242,000. IFM Investors Pty Ltd acquired a new stake in shares of Arch Capital Group in the third quarter valued at $260,000. Parametrica Management Ltd acquired a new stake in shares of Arch Capital Group in the fourth quarter valued at $261,000. Finally, Assetmark Inc. acquired a new stake in shares of Arch Capital Group in the third quarter valued at $299,000. Institutional investors own 81.35% of the company’s stock.

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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)

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