Arch Capital Group (NASDAQ:ACGL) Upgraded at Mizuho

Mizuho upgraded shares of Arch Capital Group (NASDAQ:ACGL) to a hold rating in a research note released on Monday,Zacks.com reports.

Several other equities analysts also recently commented on ACGL. Royal Bank Of Canada set a $108.00 price objective on shares of Arch Capital Group and gave the company an “outperform” rating in a research note on Monday, November 24th. Barclays set a $99.00 price target on Arch Capital Group and gave the company an “equal weight” rating in a report on Wednesday, October 8th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $98.00 price target on shares of Arch Capital Group in a research report on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Arch Capital Group in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upped their target price on Arch Capital Group from $110.00 to $111.00 and gave the company a “neutral” rating in a report on Tuesday, October 28th. Eight equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $106.00.

Arch Capital Group Stock Up 0.3%

Shares of Arch Capital Group stock opened at $95.89 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.55 and a current ratio of 0.55. Arch Capital Group has a 52-week low of $82.44 and a 52-week high of $97.40. The stock has a market capitalization of $34.77 billion, a price-to-earnings ratio of 8.97, a P/E/G ratio of 2.23 and a beta of 0.47. The company’s 50 day moving average price is $90.61 and its 200-day moving average price is $90.38.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Monday, October 27th. The insurance provider reported $2.77 EPS for the quarter, topping the consensus estimate of $1.76 by $1.01. The company had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $4.39 billion. Arch Capital Group had a net margin of 20.96% and a return on equity of 16.38%. During the same period in the previous year, the firm earned $1.99 earnings per share. Equities research analysts forecast that Arch Capital Group will post 8.42 EPS for the current year.

Insider Activity at Arch Capital Group

In other news, insider John M. Pasquesi sold 8,800 shares of the business’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $94.17, for a total transaction of $828,696.00. Following the sale, the insider owned 289,556 shares in the company, valued at approximately $27,267,488.52. The trade was a 2.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Francois Morin sold 8,000 shares of the company’s stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $94.62, for a total transaction of $756,960.00. Following the completion of the sale, the chief financial officer directly owned 266,681 shares in the company, valued at $25,233,356.22. This represents a 2.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 220,666 shares of company stock worth $20,728,673 over the last 90 days. 4.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. WealthCollab LLC increased its stake in shares of Arch Capital Group by 410.3% during the third quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 238 shares in the last quarter. JPL Wealth Management LLC bought a new stake in shares of Arch Capital Group in the 3rd quarter worth approximately $28,000. Cornerstone Planning Group LLC grew its stake in shares of Arch Capital Group by 426.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 384 shares of the insurance provider’s stock worth $33,000 after buying an additional 311 shares during the last quarter. Quent Capital LLC purchased a new stake in shares of Arch Capital Group in the 3rd quarter worth approximately $37,000. Finally, Richardson Financial Services Inc. increased 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 valued at $38,000 after buying an additional 162 shares in the last quarter. 89.07% of the stock is owned by hedge funds and other 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.