Arch Capital Group Ltd. (ACGL) Given Consensus Rating of “Hold” by Analysts

Arch Capital Group Ltd. (NASDAQ:ACGL) has been given a consensus recommendation of “Hold” by the twelve brokerages that are covering the stock. Eight analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $91.67.

A number of research firms have commented on ACGL. Morgan Stanley boosted their price target on shares of Arch Capital Group from $90.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Friday, April 28th. Wells Fargo & Co restated a “hold” rating on shares of Arch Capital Group in a research report on Wednesday, April 26th. Deutsche Bank AG boosted their price target on shares of Arch Capital Group from $78.00 to $87.00 and gave the stock a “hold” rating in a research report on Thursday, March 30th. Keefe, Bruyette & Woods set a $95.00 price target on shares of Arch Capital Group and gave the stock a “hold” rating in a research report on Thursday, April 6th. Finally, BMO Capital Markets boosted their price target on shares of Arch Capital Group to $102.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 28th.

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In related news, CEO Nicolas Papadopoulo sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $95.39, for a total value of $1,907,800.00. Following the sale, the chief executive officer now directly owns 244,912 shares in the company, valued at approximately $23,362,155.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John D. Vollaro sold 2,033 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $97.32, for a total transaction of $197,851.56. The disclosure for this sale can be found here. Insiders sold a total of 95,525 shares of company stock worth $9,103,441 over the last quarter. Insiders own 6.30% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ACGL. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Arch Capital Group by 1.6% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 17,581 shares of the insurance provider’s stock valued at $1,393,000 after buying an additional 278 shares during the period. DnB Asset Management AS increased its position in Arch Capital Group by 10.5% in the third quarter. DnB Asset Management AS now owns 11,566 shares of the insurance provider’s stock valued at $917,000 after buying an additional 1,100 shares during the period. Rothschild Asset Management Inc. increased its position in Arch Capital Group by 1.4% in the third quarter. Rothschild Asset Management Inc. now owns 9,082 shares of the insurance provider’s stock valued at $720,000 after buying an additional 126 shares during the period. BRC Investment Management LLC purchased a new position in Arch Capital Group during the third quarter valued at $764,000. Finally, Wells Fargo & Company MN increased its position in Arch Capital Group by 16.3% in the third quarter. Wells Fargo & Company MN now owns 1,010,552 shares of the insurance provider’s stock valued at $80,097,000 after buying an additional 141,618 shares during the period. 77.05% of the stock is currently owned by institutional investors and hedge funds.

Shares of Arch Capital Group (NASDAQ:ACGL) traded down 0.50% on Monday, reaching $94.78. 234,839 shares of the company’s stock traded hands. The firm has a market capitalization of $12.70 billion, a price-to-earnings ratio of 16.06 and a beta of 0.60. The company has a 50 day moving average price of $95.44 and a 200 day moving average price of $90.00. Arch Capital Group has a 52 week low of $67.50 and a 52 week high of $99.11.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Tuesday, April 25th. The insurance provider reported $1.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.09. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.19 billion. Arch Capital Group had a net margin of 15.60% and a return on equity of 8.23%. During the same period last year, the firm posted $1.20 EPS. On average, equities research analysts predict that Arch Capital Group will post $5.54 earnings per share for the current fiscal year.

About Arch Capital Group

Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.

12 Month Chart for NASDAQ:ACGL

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