Arch Capital Group (NASDAQ:ACGL) Lowered to Hold Rating by Jefferies Financial Group

Jefferies Financial Group cut shares of Arch Capital Group (NASDAQ:ACGL) from a buy rating to a hold rating in a report published on Tuesday morning, Marketbeat reports. They currently have $100.00 price objective on the insurance provider’s stock, down from their previous price objective of $106.00.

A number of other equities research analysts have also weighed in on ACGL. Keefe, Bruyette & Woods boosted their price objective on shares of Arch Capital Group from $104.00 to $113.00 and gave the stock an “outperform” rating in a report on Tuesday, May 6th. Wells Fargo & Company boosted their price objective on shares of Arch Capital Group from $106.00 to $108.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. JMP Securities restated a “market outperform” rating and issued a $125.00 price objective on shares of Arch Capital Group in a report on Wednesday, April 30th. Royal Bank of Canada lowered their price objective on shares of Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Arch Capital Group from $106.00 to $107.00 and gave the stock a “neutral” rating in a report on Tuesday, April 8th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $114.63.

Arch Capital Group Stock Down 2.8%

ACGL opened at $89.77 on Tuesday. The stock has a market cap of $33.64 billion, a PE ratio of 8.02, a P/E/G ratio of 2.31 and a beta of 0.53. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. Arch Capital Group has a 52 week low of $82.49 and a 52 week high of $116.47. The business’s fifty day simple moving average is $92.35 and its 200 day simple moving average is $92.89.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Tuesday, April 29th. The insurance provider reported $1.54 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.05). The firm had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.75 billion. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. The firm’s revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.45 EPS. As a group, research analysts expect that Arch Capital Group will post 8.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Arch Capital Group news, CEO Nicolas Papadopoulo sold 7,636 shares of the company’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $92.48, for a total value of $706,177.28. Following the completion of the transaction, the chief executive officer now directly owns 795,718 shares in the company, valued at approximately $73,588,000.64. This represents a 0.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John M. Pasquesi sold 75,060 shares of the company’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $94.01, for a total transaction of $7,056,390.60. Following the completion of the transaction, the insider now owns 579,218 shares of the company’s stock, valued at $54,452,284.18. This trade represents a 11.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 111,976 shares of company stock worth $10,531,038. 4.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Golden State Wealth Management LLC purchased a new position in shares of Arch Capital Group during the fourth quarter valued at approximately $42,000. Empowered Funds LLC lifted its holdings in shares of Arch Capital Group by 124.0% during the fourth quarter. Empowered Funds LLC now owns 28,756 shares of the insurance provider’s stock valued at $2,656,000 after purchasing an additional 15,917 shares during the last quarter. Savant Capital LLC lifted its holdings in shares of Arch Capital Group by 14.5% during the fourth quarter. Savant Capital LLC now owns 14,102 shares of the insurance provider’s stock valued at $1,302,000 after purchasing an additional 1,790 shares during the last quarter. Summit Trail Advisors LLC lifted its holdings in shares of Arch Capital Group by 76.2% during the fourth quarter. Summit Trail Advisors LLC now owns 22,486 shares of the insurance provider’s stock valued at $2,077,000 after purchasing an additional 9,723 shares during the last quarter. Finally, Axecap Investments LLC lifted its holdings in shares of Arch Capital Group by 24.4% during the fourth quarter. Axecap Investments LLC now owns 35,746 shares of the insurance provider’s stock valued at $3,301,000 after purchasing an additional 7,005 shares during 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.