Arch Capital Group Ltd. (NASDAQ:ACGL) Given Average Recommendation of “Moderate Buy” by Brokerages

Arch Capital Group Ltd. (NASDAQ:ACGL) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $94.46.

A number of research firms recently commented on ACGL. JPMorgan Chase & Co. upped their price objective on shares of Arch Capital Group from $80.00 to $88.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. UBS Group lowered their target price on Arch Capital Group from $101.00 to $97.00 and set a “buy” rating for the company in a report on Wednesday, January 10th. StockNews.com cut Arch Capital Group from a “buy” rating to a “hold” rating in a report on Monday, March 11th. Citigroup lowered their target price on Arch Capital Group from $91.00 to $89.00 and set a “neutral” rating for the company in a report on Monday, January 22nd. Finally, Wells Fargo & Company increased their target price on Arch Capital Group from $98.00 to $104.00 and gave the stock an “overweight” rating in a report on Friday, February 16th.

Arch Capital Group Price Performance

ACGL opened at $92.44 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.17. Arch Capital Group has a 12 month low of $66.88 and a 12 month high of $92.57. The company has a fifty day simple moving average of $86.54 and a 200 day simple moving average of $82.78. The stock has a market cap of $34.59 billion, a P/E ratio of 7.96, a P/E/G ratio of 1.14 and a beta of 0.57.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Thursday, February 15th. The insurance provider reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.55. Arch Capital Group had a net margin of 32.59% and a return on equity of 21.94%. The business had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.67 billion. During the same quarter in the prior year, the company earned $2.14 EPS. On average, research analysts expect that Arch Capital Group will post 8 EPS for the current year.

Insider Activity

In other news, CEO Maamoun Rajeh sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total value of $4,374,000.00. Following the completion of the transaction, the chief executive officer now owns 336,170 shares in the company, valued at approximately $29,408,151.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Francois Morin sold 25,689 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $87.47, for a total value of $2,247,016.83. Following the completion of the sale, the chief financial officer now directly owns 221,779 shares in the company, valued at approximately $19,399,009.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Maamoun Rajeh sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the completion of the sale, the chief executive officer now owns 336,170 shares of the company’s stock, valued at $29,408,151.60. The disclosure for this sale can be found here. Insiders sold 135,689 shares of company stock worth $11,872,217 in the last quarter. Corporate insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On Arch Capital Group

Hedge funds have recently bought and sold shares of the company. Householder Group Estate & Retirement Specialist LLC acquired a new stake in Arch Capital Group in the 4th quarter valued at about $27,000. Larson Financial Group LLC acquired a new stake in Arch Capital Group in the 4th quarter valued at about $30,000. Richardson Financial Services Inc. acquired a new stake in Arch Capital Group in the 4th quarter valued at about $33,000. First Horizon Advisors Inc. lifted its stake in Arch Capital Group by 151.0% in the 1st quarter. First Horizon Advisors Inc. now owns 497 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 299 shares during the last quarter. Finally, Steward Financial Group LLC lifted its stake in Arch Capital Group by 180.7% in the 3rd quarter. Steward Financial Group LLC now owns 525 shares of the insurance provider’s stock valued at $41,000 after purchasing an additional 338 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Arch Capital Group Company Profile

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.