Arch Capital Group Ltd. (NASDAQ:ACGL) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have been given an average rating of “Moderate Buy” by the twelve research firms that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $96.23.

ACGL has been the subject of a number of research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $98.00 price objective on shares of Arch Capital Group in a report on Friday, February 16th. Wells Fargo & Company raised their price objective on shares of Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. UBS Group dropped their price objective on shares of Arch Capital Group from $101.00 to $97.00 and set a “buy” rating for the company in a report on Wednesday, January 10th. Citigroup dropped their price objective on shares of Arch Capital Group from $91.00 to $89.00 and set a “neutral” rating for the company in a report on Monday, January 22nd. Finally, JMP Securities reiterated a “market outperform” rating and issued a $100.00 price objective on shares of Arch Capital Group in a report on Monday.

Arch Capital Group Stock Up 1.2 %

ACGL stock opened at $90.86 on Wednesday. The stock has a market capitalization of $34.09 billion, a P/E ratio of 7.82, a price-to-earnings-growth ratio of 1.12 and a beta of 0.57. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.17. Arch Capital Group has a 12 month low of $69.05 and a 12 month high of $95.01. The firm has a 50-day moving average price of $89.07 and a 200-day moving average price of $83.79.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Thursday, February 15th. The insurance provider reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.55. The firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Arch Capital Group had a net margin of 32.59% and a return on equity of 21.94%. During the same quarter in the prior year, the business earned $2.14 earnings per share. As a group, equities research analysts anticipate that Arch Capital Group will post 8.02 EPS for the current fiscal year.

Insider Transactions at Arch Capital Group

In other news, insider Nicolas Papadopoulo sold 60,000 shares of Arch Capital Group stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the sale, the insider now directly owns 651,931 shares in the company, valued at approximately $57,057,001.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Francois Morin sold 25,689 shares of Arch Capital Group stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the sale, the chief financial officer now directly owns 221,779 shares in the company, valued at approximately $19,399,009.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicolas Papadopoulo sold 60,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $87.52, for a total value of $5,251,200.00. Following the completion of the sale, the insider now owns 651,931 shares in the company, valued at $57,057,001.12. The disclosure for this sale can be found here. Insiders have sold 135,689 shares of company stock worth $11,872,217 in the last ninety days. Company insiders own 4.00% of the company’s stock.

Institutional Investors Weigh In On Arch Capital Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. raised its stake in Arch Capital Group by 1.8% in the 1st quarter. Sunbelt Securities Inc. now owns 6,679 shares of the insurance provider’s stock valued at $617,000 after acquiring an additional 117 shares during the period. Balentine LLC grew its holdings in Arch Capital Group by 2.6% during the 2nd quarter. Balentine LLC now owns 5,298 shares of the insurance provider’s stock valued at $397,000 after buying an additional 133 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in Arch Capital Group by 2.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 5,448 shares of the insurance provider’s stock valued at $405,000 after buying an additional 144 shares in the last quarter. Signaturefd LLC grew its holdings in Arch Capital Group by 6.8% during the 3rd quarter. Signaturefd LLC now owns 2,292 shares of the insurance provider’s stock valued at $183,000 after buying an additional 146 shares in the last quarter. Finally, SRS Capital Advisors Inc. grew its holdings in Arch Capital Group by 15.2% during the 3rd quarter. SRS Capital Advisors Inc. now owns 1,107 shares of the insurance provider’s stock valued at $88,000 after buying an additional 146 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors.

About Arch Capital Group

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; 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.