Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have earned a consensus rating of “Hold” from the twelve research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $40.17.
A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. lowered Arch Capital Group from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $44.00 to $40.00 in a report on Tuesday, November 12th. UBS Group increased their price objective on Arch Capital Group from $39.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. BidaskClub lowered Arch Capital Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Barclays set a $47.00 price objective on Arch Capital Group and gave the stock a “buy” rating in a report on Monday, August 12th. Finally, Buckingham Research increased their price target on Arch Capital Group from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th.
In other news, Director John D. Vollaro sold 9,900 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $41.02, for a total transaction of $406,098.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Maamoun Rajeh sold 25,000 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $41.60, for a total value of $1,040,000.00. Following the completion of the sale, the chief executive officer now owns 302,517 shares of the company’s stock, valued at approximately $12,584,707.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,349 shares of company stock valued at $1,995,338. 5.20% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Squarepoint Ops LLC purchased a new stake in shares of Arch Capital Group during the third quarter worth $1,808,000. Barclays PLC raised its holdings in shares of Arch Capital Group by 48.7% during the third quarter. Barclays PLC now owns 219,893 shares of the insurance provider’s stock worth $9,230,000 after acquiring an additional 72,036 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in shares of Arch Capital Group by 80.0% during the third quarter. Point72 Asset Management L.P. now owns 329,228 shares of the insurance provider’s stock worth $13,821,000 after acquiring an additional 146,277 shares in the last quarter. Penserra Capital Management LLC raised its holdings in shares of Arch Capital Group by 1,010.3% during the third quarter. Penserra Capital Management LLC now owns 179,940 shares of the insurance provider’s stock worth $7,552,000 after acquiring an additional 163,733 shares in the last quarter. Finally, California State Teachers Retirement System raised its holdings in shares of Arch Capital Group by 0.3% during the third quarter. California State Teachers Retirement System now owns 640,800 shares of the insurance provider’s stock worth $26,901,000 after acquiring an additional 2,110 shares in the last quarter. Institutional investors own 78.88% of the company’s stock.
Shares of NASDAQ:ACGL traded up $0.42 during trading on Wednesday, hitting $41.04. 1,328,602 shares of the company traded hands, compared to its average volume of 1,261,864. The stock has a market capitalization of $17.01 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 1.53 and a beta of 0.63. The business’s fifty day moving average is $41.30 and its 200-day moving average is $39.04. Arch Capital Group has a one year low of $24.79 and a one year high of $42.86. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.26.
Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Tuesday, October 29th. The insurance provider reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.01. Arch Capital Group had a return on equity of 10.31% and a net margin of 21.97%. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the company earned $0.53 earnings per share. On average, analysts forecast that Arch Capital Group will post 2.75 EPS for the current year.
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.
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