Arch Capital Group Ltd. (NASDAQ:ACGL) Receives Average Rating of “Hold” from Analysts

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have been assigned a consensus rating of “Hold” from the seventeen analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $106.00.

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company reduced their price target on shares of Arch Capital Group from $111.00 to $106.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Mizuho set a $95.00 price objective on Arch Capital Group and gave the stock a “neutral” rating in a report on Monday, December 15th. Weiss Ratings reissued a “hold (c+)” rating on shares of Arch Capital Group in a report on Wednesday, October 8th. Wolfe Research assumed coverage on Arch Capital Group in a research note on Monday, September 15th. They set a “peer perform” rating for the company. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Arch Capital Group from $110.00 to $111.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 28th.

Insider Activity

In other news, insider John M. Pasquesi sold 8,800 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $94.17, for a total value of $828,696.00. Following the sale, the insider directly owned 289,556 shares in the company, valued at $27,267,488.52. This represents a 2.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Francois Morin sold 8,000 shares of Arch Capital Group stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $94.62, for a total value of $756,960.00. Following the transaction, the chief financial officer owned 266,681 shares of the company’s stock, valued at $25,233,356.22. This represents a 2.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 220,666 shares of company stock worth $20,728,673 in the last ninety days. Insiders own 4.20% of the company’s stock.

Institutional Trading of Arch Capital Group

A number of large investors have recently made changes to their positions in the stock. WealthCollab LLC raised its holdings in shares of Arch Capital Group by 410.3% in the 3rd quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 238 shares during the period. JPL Wealth Management LLC acquired a new stake in Arch Capital Group during the 3rd quarter worth approximately $28,000. Cornerstone Planning Group LLC raised its holdings in Arch Capital Group by 426.0% in the third quarter. Cornerstone Planning Group LLC now owns 384 shares of the insurance provider’s stock valued at $33,000 after buying an additional 311 shares during the period. Quent Capital LLC acquired a new position in Arch Capital Group during the third quarter valued at approximately $37,000. Finally, Richardson Financial Services Inc. lifted its position in Arch Capital Group by 63.3% during the third 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. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

NASDAQ:ACGL opened at $95.92 on Friday. The firm’s fifty day simple moving average is $92.20 and its 200-day simple moving average is $90.66. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.13. The stock has a market cap of $34.78 billion, a PE ratio of 8.97, a price-to-earnings-growth ratio of 2.23 and a beta of 0.45. Arch Capital Group has a fifty-two week low of $82.44 and a fifty-two week high of $97.60.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Monday, October 27th. The insurance provider reported $2.77 EPS for the quarter, beating the consensus estimate of $1.76 by $1.01. Arch Capital Group had a net margin of 20.96% and a return on equity of 16.38%. The firm had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.39 billion. During the same quarter last year, the business earned $1.99 earnings per share. Analysts expect that Arch Capital Group will post 8.42 earnings per share for the current fiscal year.

Arch Capital Group Company Profile

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.