Weekly Investment Analysts’ Ratings Changes for Arch Capital Group (ACGL)

A number of firms have modified their ratings and price targets on shares of Arch Capital Group (NASDAQ: ACGL) recently:

  • 11/4/2022 – Arch Capital Group was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • 10/28/2022 – Arch Capital Group had its price target raised by analysts at Barclays PLC from $55.00 to $57.00. They now have an “overweight” rating on the stock.
  • 10/28/2022 – Arch Capital Group had its price target raised by analysts at Wells Fargo & Company from $56.00 to $58.00. They now have an “overweight” rating on the stock.
  • 10/28/2022 – Arch Capital Group had its price target raised by analysts at Royal Bank of Canada from $57.00 to $60.00. They now have an “outperform” rating on the stock.
  • 10/27/2022 – Arch Capital Group was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
  • 10/14/2022 – Arch Capital Group had its price target raised by analysts at Barclays PLC from $53.00 to $55.00. They now have an “overweight” rating on the stock.
  • 10/12/2022 – Arch Capital Group is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
  • 10/7/2022 – Arch Capital Group had its price target lowered by analysts at Jefferies Financial Group Inc. from $57.00 to $56.00. They now have a “buy” rating on the stock.
  • 9/30/2022 – Arch Capital Group was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • 9/21/2022 – Arch Capital Group was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.

Arch Capital Group Trading Up 0.6 %

Shares of NASDAQ ACGL opened at $56.52 on Thursday. The business’s 50 day moving average price is $49.63 and its 200-day moving average price is $46.84. The company has a market cap of $20.91 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 1.41 and a beta of 0.78. Arch Capital Group Ltd. has a fifty-two week low of $40.24 and a fifty-two week high of $59.14. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.59 and a current ratio of 0.59.

Arch Capital Group (NASDAQ:ACGLGet Rating) last released its quarterly earnings data on Thursday, October 27th. The insurance provider reported $0.28 EPS for the quarter, topping the consensus estimate of $0.24 by $0.04. The company had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.45 billion. Arch Capital Group had a return on equity of 13.16% and a net margin of 13.89%. Arch Capital Group’s quarterly revenue was up 31.2% on a year-over-year basis. During the same period last year, the business posted $0.74 EPS. On average, sell-side analysts expect that Arch Capital Group Ltd. will post 4.03 earnings per share for the current year.

Insider Activity

In related news, Director Brian S. Posner purchased 2,000 shares of the business’s stock in a transaction dated Friday, October 28th. The shares were acquired at an average cost of $17.60 per share, for a total transaction of $35,200.00. Following the acquisition, the director now owns 4,000 shares of the company’s stock, valued at approximately $70,400. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Brian S. Posner purchased 2,000 shares of the business’s stock in a transaction dated Friday, October 28th. The shares were acquired at an average cost of $17.60 per share, for a total transaction of $35,200.00. Following the acquisition, the director now owns 4,000 shares of the company’s stock, valued at approximately $70,400. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Maamoun Rajeh sold 50,000 shares of the firm’s stock in a transaction on Monday, October 31st. The stock was sold at an average price of $57.09, for a total value of $2,854,500.00. Following the completion of the sale, the chief executive officer now directly owns 362,990 shares of the company’s stock, valued at approximately $20,723,099.10. The disclosure for this sale can be found here. Company insiders own 4.20% of the company’s stock.

Institutional Trading of Arch Capital Group

A number of institutional investors have recently made changes to their positions in the business. Raymond James Trust N.A. boosted its position in shares of Arch Capital Group by 3.7% in the 3rd quarter. Raymond James Trust N.A. now owns 4,926 shares of the insurance provider’s stock worth $224,000 after purchasing an additional 177 shares in the last quarter. Verdence Capital Advisors LLC lifted its position in Arch Capital Group by 2.3% during the 3rd quarter. Verdence Capital Advisors LLC now owns 8,332 shares of the insurance provider’s stock worth $379,000 after acquiring an additional 189 shares during the period. Virtus ETF Advisers LLC lifted its position in Arch Capital Group by 1.4% during the 3rd quarter. Virtus ETF Advisers LLC now owns 15,496 shares of the insurance provider’s stock worth $706,000 after acquiring an additional 218 shares during the period. Steph & Co. lifted its position in Arch Capital Group by 3.3% during the 3rd quarter. Steph & Co. now owns 6,940 shares of the insurance provider’s stock worth $316,000 after acquiring an additional 224 shares during the period. Finally, Signaturefd LLC lifted its position in Arch Capital Group by 25.7% during the 3rd quarter. Signaturefd LLC now owns 1,100 shares of the insurance provider’s stock worth $50,000 after acquiring an additional 225 shares during the period. Institutional investors and hedge funds own 87.61% of the company’s stock.

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance 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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