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.
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.
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.
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