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

Arch Capital Group Ltd. (NASDAQ:ACGL) has been assigned a consensus recommendation of “Hold” from the seventeen analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $106.3214.

Several equities research analysts have weighed in on the company. Wells Fargo & Company upped their target price on Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Royal Bank Of Canada upped their target price on Arch Capital Group from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 11th. Barclays upped their target price on Arch Capital Group from $104.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th. JPMorgan Chase & Co. cut their target price on Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. Finally, Citigroup increased their price target on Arch Capital Group from $120.00 to $122.50 and gave the company a “buy” rating in a research note on Thursday, April 30th.

Arch Capital Group Stock Up 3.2%

NASDAQ ACGL opened at $91.19 on Monday. The business has a fifty day moving average price of $94.86 and a two-hundred day moving average price of $95.04. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.55 and a quick ratio of 0.55. Arch Capital Group has a fifty-two week low of $82.44 and a fifty-two week high of $103.39. The stock has a market capitalization of $31.86 billion, a PE ratio of 7.00, a PEG ratio of 4.85 and a beta of 0.32.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%.The firm had revenue of $4.52 billion during the quarter. Equities analysts expect that Arch Capital Group will post 9.29 earnings per share for the current fiscal year.

Insider Transactions at Arch Capital Group

In other news, CEO Nicolas Papadopoulo sold 21,930 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $96.31, for a total value of $2,112,078.30. Following the completion of the transaction, the chief executive officer directly owned 871,594 shares in the company, valued at approximately $83,943,218.14. This represents a 2.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David Gansberg sold 5,907 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $96.37, for a total value of $569,257.59. Following the completion of the transaction, the insider owned 336,559 shares of the company’s stock, valued at $32,434,190.83. The trade was a 1.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 35,837 shares of company stock valued at $2,825,926 over the last quarter. 3.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Parallel Advisors LLC lifted its stake in shares of Arch Capital Group by 12.1% in the 1st quarter. Parallel Advisors LLC now owns 4,146 shares of the insurance provider’s stock valued at $398,000 after acquiring an additional 446 shares during the last quarter. Glenmede Trust Co. NA lifted its stake in shares of Arch Capital Group by 2.8% in the 1st quarter. Glenmede Trust Co. NA now owns 21,710 shares of the insurance provider’s stock valued at $2,084,000 after acquiring an additional 586 shares during the last quarter. Groupama Asset Managment lifted its stake in shares of Arch Capital Group by 3.4% in the 1st quarter. Groupama Asset Managment now owns 5,744 shares of the insurance provider’s stock valued at $551,000 after acquiring an additional 191 shares during the last quarter. Wellington Grp LLC lifted its stake in shares of Arch Capital Group by 2.7% in the 1st quarter. Wellington Grp LLC now owns 14,003 shares of the insurance provider’s stock valued at $1,344,000 after acquiring an additional 365 shares during the last quarter. Finally, Western Wealth Management LLC bought a new position in shares of Arch Capital Group in the 1st quarter valued at $146,000. 89.07% of the stock is currently owned by institutional investors.

About Arch Capital Group

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.