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

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have received an average recommendation of “Hold” from the eighteen ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $109.20.

A number of equities research analysts have recently issued reports on the company. Evercore set a $100.00 price objective on Arch Capital Group and gave the stock an “in-line” rating in a report on Wednesday, January 7th. Wells Fargo & Company increased their target price on Arch Capital Group from $106.00 to $109.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. Royal Bank Of Canada lifted their price target on Arch Capital Group from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, February 11th. UBS Group restated a “buy” rating and issued a $114.00 price target (up from $113.00) on shares of Arch Capital Group in a research note on Tuesday, February 17th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and issued a $93.00 price objective (up from $84.00) on shares of Arch Capital Group in a report on Wednesday, January 7th.

Arch Capital Group Price Performance

Shares of ACGL opened at $94.40 on Wednesday. The company’s 50-day moving average is $96.20 and its 200-day moving average is $93.08. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a market capitalization of $33.59 billion, a PE ratio of 8.12, a PEG ratio of 3.81 and a beta of 0.40. Arch Capital Group has a fifty-two week low of $82.44 and a fifty-two week high of $103.39.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Monday, February 9th. The insurance provider reported $2.98 EPS for the quarter, topping the consensus estimate of $2.34 by $0.64. The business had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $3.94 billion. Arch Capital Group had a net margin of 22.07% and a return on equity of 16.73%. During the same quarter in the previous year, the firm posted $2.26 EPS. Equities analysts forecast that Arch Capital Group will post 8.42 EPS for the current year.

Insider Buying and Selling at Arch Capital Group

In related news, insider David Gansberg sold 5,907 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $96.37, for a total transaction of $569,257.59. Following the transaction, the insider directly owned 336,559 shares of the company’s stock, valued at approximately $32,434,190.83. This trade represents a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brian S. Posner sold 3,000 shares of Arch Capital Group stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $17.11, for a total transaction of $51,330.00. Following the completion of the sale, the director owned 2,000 shares of the company’s stock, valued at $34,220. This trade represents a 60.00% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 78,267 shares of company stock worth $7,291,637. Insiders own 4.10% of the company’s stock.

Institutional Investors Weigh In On Arch Capital Group

A number of hedge funds and other institutional investors have recently made changes to their positions in ACGL. Geneos Wealth Management Inc. increased its stake in Arch Capital Group by 157.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock worth $65,000 after acquiring an additional 412 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of Arch Capital Group during the 2nd quarter valued at $253,000. Creative Planning grew its holdings in shares of Arch Capital Group by 33.2% during the 2nd quarter. Creative Planning now owns 50,190 shares of the insurance provider’s stock worth $4,570,000 after purchasing an additional 12,503 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Arch Capital Group by 4.6% during the 2nd quarter. Cetera Investment Advisers now owns 59,031 shares of the insurance provider’s stock worth $5,375,000 after purchasing an additional 2,613 shares in the last quarter. Finally, Avantax Advisory Services Inc. increased its position in shares of Arch Capital Group by 8.5% in the second quarter. Avantax Advisory Services Inc. now owns 28,587 shares of the insurance provider’s stock worth $2,603,000 after purchasing an additional 2,235 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

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.