Arch Capital Group Ltd. (NASDAQ:ACGL) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have received a consensus recommendation of “Hold” from the sixteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $109.00.

ACGL has been the topic of several recent analyst reports. Keefe, Bruyette & Woods upped their price target on shares of Arch Capital Group from $102.00 to $103.00 and gave the company a “market perform” rating in a report on Thursday, August 14th. Weiss Ratings reissued a “hold (c+)” rating on shares of Arch Capital Group in a research report on Wednesday, October 8th. Cowen restated a “buy” rating on shares of Arch Capital Group in a research note on Monday, August 4th. Wells Fargo & Company decreased their price target on Arch Capital Group from $111.00 to $106.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $98.00 price objective on shares of Arch Capital Group in a report on Tuesday, October 28th.

Insider Activity at Arch Capital Group

In other news, insider Maamoun Rajeh sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $94.15, for a total value of $941,500.00. Following the completion of the sale, the insider directly owned 433,589 shares in the company, valued at approximately $40,822,404.35. The trade was a 2.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On Arch Capital Group

A number of hedge funds have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. raised its holdings in shares of Arch Capital Group by 116.3% during the first quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider’s stock valued at $27,000 after buying an additional 150 shares during the last quarter. Cornerstone Planning Group LLC increased its position in Arch Capital Group by 426.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 384 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 311 shares during the period. Zions Bancorporation National Association UT bought a new stake in Arch Capital Group during the 1st quarter valued at $37,000. Quent Capital LLC bought a new stake in Arch Capital Group during the 3rd quarter valued at $37,000. Finally, Richardson Financial Services Inc. boosted its position in Arch Capital Group by 63.3% during the 3rd quarter. Richardson Financial Services Inc. now owns 418 shares of the insurance provider’s stock worth $38,000 after acquiring an additional 162 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Trading Up 1.2%

Shares of ACGL opened at $91.78 on Thursday. Arch Capital Group has a one year low of $82.44 and a one year high of $102.37. The stock has a 50-day moving average price of $89.32 and a 200 day moving average price of $90.41. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.56 and a current ratio of 0.55. The company has a market capitalization of $33.28 billion, a P/E ratio of 8.59, a P/E/G ratio of 3.24 and a beta of 0.47.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Monday, October 27th. The insurance provider reported $2.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $1.01. The company had revenue of $3.96 billion for the quarter, compared to analyst estimates of $4.39 billion. Arch Capital Group had a return on equity of 16.38% and a net margin of 20.96%.During the same period in the prior year, the company posted $1.99 EPS. Sell-side analysts forecast that Arch Capital Group will post 8.42 EPS for the current fiscal year.

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.