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

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have received a consensus recommendation of “Hold” from the eighteen analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $109.20.

Several equities research analysts recently commented on the stock. UBS Group reiterated a “buy” rating and set a $114.00 price target (up from $113.00) on shares of Arch Capital Group in a research note on Tuesday. JPMorgan Chase & Co. lifted their target price on Arch Capital Group from $111.00 to $117.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 7th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $104.00 target price (up from $102.00) on shares of Arch Capital Group in a report on Thursday, February 12th. Mizuho raised their price target on Arch Capital Group from $95.00 to $102.00 and gave the stock a “neutral” rating in a research note on Thursday, February 12th. Finally, Evercore set a $100.00 price objective on Arch Capital Group and gave the company an “in-line” rating in a research note on Wednesday, January 7th.

Insider Activity

In related news, CFO Francois Morin sold 8,000 shares of the company’s stock in a transaction on Friday, November 28th. The shares were sold at an average price of $94.62, for a total value of $756,960.00. Following the completion of the sale, the chief financial officer owned 266,681 shares in the company, valued at $25,233,356.22. This represents a 2.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John M. Pasquesi sold 203,866 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $93.90, for a total transaction of $19,143,017.40. Following the sale, the insider owned 351,356 shares of the company’s stock, valued at approximately $32,992,328.40. This represents a 36.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 268,096 shares of company stock valued at $25,287,645 in the last ninety days. 4.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Arch Capital Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Elyxium Wealth LLC acquired a new stake in Arch Capital Group during the 4th quarter worth approximately $27,000. WealthCollab LLC lifted its holdings 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 worth $27,000 after purchasing an additional 238 shares during the period. JPL Wealth Management LLC acquired a new stake in shares of Arch Capital Group during the third quarter worth $28,000. Grove Bank & Trust acquired a new position in Arch Capital Group in the 4th quarter valued at $30,000. Finally, Aventura Private Wealth LLC acquired a new position in Arch Capital Group in the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

Shares of ACGL opened at $98.49 on Friday. The company has a market capitalization of $35.72 billion, a price-to-earnings ratio of 8.48, a price-to-earnings-growth ratio of 3.94 and a beta of 0.42. Arch Capital Group has a 52-week low of $82.44 and a 52-week high of $103.39. The company has a quick ratio of 0.55, a current ratio of 0.53 and a debt-to-equity ratio of 0.13. The stock has a 50 day moving average price of $95.73 and a 200 day moving average price of $92.28.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Monday, February 9th. The insurance provider reported $2.98 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.64. Arch Capital Group had a net margin of 22.07% and a return on equity of 16.73%. The company had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $3.94 billion. During the same quarter last year, the company earned $2.26 earnings per share. Research analysts predict that Arch Capital Group will post 8.42 EPS for the current fiscal year.

About Arch Capital Group

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.