Arch Capital Group (NASDAQ:ACGL) Upgraded by StockNews.com to Buy

Arch Capital Group (NASDAQ:ACGLGet Free Report) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Sunday.

Several other equities analysts also recently issued reports on ACGL. JMP Securities upped their target price on Arch Capital Group from $100.00 to $110.00 and gave the company a “market outperform” rating in a research report on Tuesday, April 30th. Royal Bank of Canada reissued an “outperform” rating and issued a $98.00 target price on shares of Arch Capital Group in a research report on Friday, February 16th. Bank of America upped their target price on Arch Capital Group from $105.00 to $109.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Morgan Stanley upped their target price on Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Arch Capital Group from $103.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $100.67.

Get Our Latest Research Report on Arch Capital Group

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $102.63 on Friday. The business’s fifty day simple moving average is $95.56 and its 200-day simple moving average is $86.96. The company has a market cap of $38.54 billion, a PE ratio of 8.10, a PEG ratio of 2.34 and a beta of 0.57. The company has a current ratio of 0.59, a quick ratio of 0.59 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 $103.79.

Arch Capital Group (NASDAQ:ACGLGet Free Report) last issued its quarterly earnings results on Monday, April 29th. The insurance provider reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.06 by $0.39. Arch Capital Group had a return on equity of 21.85% and a net margin of 33.65%. The business had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same period in the prior year, the firm posted $1.73 earnings per share. The business’s quarterly revenue was up 19.3% on a year-over-year basis. Analysts expect that Arch Capital Group will post 8.55 earnings per share for the current fiscal year.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, insider Nicolas Papadopoulo sold 60,000 shares of the 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 approximately $57,057,001.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Nicolas Papadopoulo sold 60,000 shares of Arch Capital Group stock in a transaction on Thursday, March 7th. The shares were 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David Gansberg sold 10,000 shares of Arch Capital Group stock in a transaction on Monday, May 6th. The stock was sold at an average price of $96.64, for a total transaction of $966,400.00. Following the sale, the chief executive officer now owns 228,035 shares in the company, valued at $22,037,302.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 145,689 shares of company stock worth $12,838,617. Insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of Arch Capital Group during the fourth quarter worth about $27,000. Larson Financial Group LLC acquired a new position in shares of Arch Capital Group during the fourth quarter worth about $30,000. LRI Investments LLC purchased a new stake in Arch Capital Group during the first quarter worth about $40,000. Richardson Financial Services Inc. purchased a new stake in Arch Capital Group during the fourth quarter worth about $33,000. Finally, Indiana Trust & Investment Management CO purchased a new stake in Arch Capital Group during the first quarter worth about $58,000. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Arch Capital Group Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Arch Capital Group (NASDAQ:ACGL)

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