Arch Capital Group (NASDAQ:ACGL) Upgraded to Hold at Mizuho

Arch Capital Group (NASDAQ:ACGL) was upgraded by investment analysts at Mizuho to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other research analysts have also weighed in on ACGL. Wells Fargo & Company dropped their price objective on shares of Arch Capital Group from $111.00 to $106.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. Citigroup reiterated a “market outperform” rating on shares of Arch Capital Group in a research note on Tuesday, October 28th. Barclays set a $99.00 price objective on Arch Capital Group and gave the stock an “equal weight” rating in a research note on Wednesday, October 8th. Morgan Stanley lifted their target price on Arch Capital Group from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Arch Capital Group in a research report on Wednesday, October 8th. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $106.00.

Arch Capital Group Stock Down 0.1%

Shares of NASDAQ:ACGL opened at $95.58 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.55 and a current ratio of 0.55. Arch Capital Group has a 52-week low of $82.44 and a 52-week high of $97.40. The business’s 50 day simple moving average is $90.56 and its two-hundred day simple moving average is $90.35. The firm has a market cap of $34.66 billion, a P/E ratio of 8.94, a PEG ratio of 2.23 and a beta of 0.47.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Monday, October 27th. The insurance provider reported $2.77 EPS for the quarter, beating the consensus estimate of $1.76 by $1.01. Arch Capital Group had a return on equity of 16.38% and a net margin of 20.96%.The firm had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $4.39 billion. During the same quarter in the previous year, the company posted $1.99 earnings per share. As a group, research analysts forecast that Arch Capital Group will post 8.42 EPS for the current fiscal year.

Insiders Place Their Bets

In other Arch Capital Group news, insider John M. Pasquesi sold 8,800 shares of the business’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $94.17, for a total value of $828,696.00. Following the transaction, the insider owned 289,556 shares of the company’s stock, valued at approximately $27,267,488.52. The trade was a 2.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction, the chief financial officer owned 266,681 shares of the company’s stock, valued at $25,233,356.22. This trade represents a 2.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 220,666 shares of company stock worth $20,728,673 over the last quarter. 4.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Arch Capital Group

Hedge funds have recently added to or reduced their stakes in the stock. WealthCollab LLC boosted its stake in Arch Capital Group by 410.3% in the third quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 238 shares during the last quarter. JPL Wealth Management LLC purchased a new position in Arch Capital Group in the third quarter valued at approximately $28,000. Cornerstone Planning Group LLC grew its holdings in Arch Capital Group by 426.0% during the third quarter. Cornerstone Planning Group LLC now owns 384 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 311 shares during the period. Quent Capital LLC bought a new stake in shares of Arch Capital Group in the third quarter valued at $37,000. Finally, Richardson Financial Services Inc. lifted its position in shares of Arch Capital Group by 63.3% during the 3rd quarter. Richardson Financial Services Inc. now owns 418 shares of the insurance provider’s stock valued at $38,000 after buying an additional 162 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

About Arch Capital Group

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.