Arch Capital Group (ACGL) Downgraded by BidaskClub to “Strong Sell”

Arch Capital Group (NASDAQ:ACGL) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Tuesday.

Other research analysts also recently issued research reports about the stock. Wells Fargo & Co set a $96.00 target price on shares of Arch Capital Group and gave the company a “hold” rating in a research report on Monday, February 12th. ValuEngine downgraded shares of Arch Capital Group from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $101.00 target price on shares of Arch Capital Group in a research report on Wednesday, December 6th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $100.50.

Arch Capital Group (ACGL) opened at $85.15 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.40. The company has a market cap of $11,140.00, a PE ratio of 20.23, a price-to-earnings-growth ratio of 1.29 and a beta of 0.63. Arch Capital Group has a 12-month low of $84.73 and a 12-month high of $102.60.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Monday, February 12th. The insurance provider reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.21. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.09 billion. Arch Capital Group had a net margin of 11.21% and a return on equity of 5.87%. The company’s revenue for the quarter was up 27.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.13 EPS. equities research analysts expect that Arch Capital Group will post 6.21 earnings per share for the current fiscal year.

In other news, CFO Mark Donald Lyons sold 6,000 shares of Arch Capital Group stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $89.39, for a total value of $536,340.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Constantine Iordanou acquired 7,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was purchased at an average cost of $23.80 per share, for a total transaction of $166,600.00. Following the transaction, the chief executive officer now owns 7,000 shares in the company, valued at $166,600. The disclosure for this purchase can be found here. 6.60% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the company. Alps Advisors Inc. purchased a new stake in Arch Capital Group during the 4th quarter worth approximately $203,000. Dai Ichi Life Insurance Company Ltd purchased a new stake in Arch Capital Group during the 3rd quarter worth approximately $242,000. IFM Investors Pty Ltd purchased a new stake in Arch Capital Group during the 3rd quarter worth approximately $260,000. Parametrica Management Ltd purchased a new stake in Arch Capital Group during the 4th quarter worth approximately $261,000. Finally, Assetmark Inc. purchased a new stake in Arch Capital Group during the 3rd quarter worth approximately $299,000. 81.56% of the stock is currently owned by hedge funds and other institutional investors.

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Arch Capital Group Company Profile

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.

Analyst Recommendations for Arch Capital Group (NASDAQ:ACGL)

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