Arch Capital Group Ltd. (NASDAQ:ACGL) has been assigned a consensus recommendation of “Hold” from the eleven research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $99.50.
Several research firms recently weighed in on ACGL. Wells Fargo & Co set a $96.00 price objective on shares of Arch Capital Group and gave the stock a “hold” rating in a research report on Monday, February 12th. UBS Group reiterated a “buy” rating on shares of Arch Capital Group in a research report on Monday, October 30th. Zacks Investment Research upgraded shares of Arch Capital Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. Royal Bank of Canada reiterated a “buy” rating and set a $113.00 price target on shares of Arch Capital Group in a research report on Friday, October 27th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $101.00 price target on shares of Arch Capital Group in a research report on Wednesday, December 6th.
Arch Capital Group (NASDAQ:ACGL) traded up $0.01 during mid-day trading on Wednesday, hitting $89.86. 356,800 shares of the company traded hands, compared to its average volume of 546,491. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.83 and a current ratio of 0.83. The company has a market capitalization of $12,279.56, a PE ratio of 22.13, a price-to-earnings-growth ratio of 1.31 and a beta of 0.62. Arch Capital Group has a one year low of $85.35 and a one year high of $102.60.
Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Monday, February 12th. The insurance provider reported $1.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.21. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Arch Capital Group had a net margin of 11.21% and a return on equity of 5.95%. Arch Capital Group’s revenue for the quarter was up 27.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.13 earnings per share. equities analysts anticipate that Arch Capital Group will post 6.24 earnings per share for the current fiscal year.
In other news, insider Louis T. Petrillo sold 5,921 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $91.07, for a total transaction of $539,225.47. Following the completion of the sale, the insider now owns 43,268 shares of the company’s stock, valued at $3,940,416.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Mark Donald Lyons sold 5,500 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $92.04, for a total value of $506,220.00. The disclosure for this sale can be found here. 6.60% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in the company. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in shares of Arch Capital Group by 80.0% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,400 shares of the insurance provider’s stock valued at $490,000 after purchasing an additional 2,400 shares during the period. Sterling Capital Management LLC purchased a new stake in shares of Arch Capital Group during the fourth quarter valued at approximately $1,288,000. BB&T Securities LLC purchased a new stake in shares of Arch Capital Group during the fourth quarter valued at approximately $488,000. Millennium Management LLC purchased a new stake in shares of Arch Capital Group during the fourth quarter valued at approximately $2,823,000. Finally, Adalta Capital Management LLC boosted its stake in shares of Arch Capital Group by 20.0% during the fourth quarter. Adalta Capital Management LLC now owns 4,800 shares of the insurance provider’s stock valued at $436,000 after purchasing an additional 800 shares during the period. 76.96% of the stock is 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.
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