Arch Capital Group (NASDAQ:ACGL) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Arch Capital Group (NASDAQ:ACGL) from a hold rating to a buy rating in a research note published on Wednesday morning.

Other analysts have also recently issued research reports about the company. Roth Mkm reaffirmed a buy rating and set a $110.00 price target on shares of Arch Capital Group in a research report on Tuesday. Evercore ISI lifted their target price on Arch Capital Group from $98.00 to $100.00 and gave the stock an in-line rating in a report on Tuesday. TD Cowen began coverage on shares of Arch Capital Group in a report on Wednesday, January 10th. They issued an outperform rating and a $96.00 price target on the stock. Wells Fargo & Company lifted their price objective on shares of Arch Capital Group from $109.00 to $110.00 and gave the company an overweight rating in a research note on Wednesday. Finally, Royal Bank of Canada reiterated an outperform rating and issued a $98.00 price objective on shares of Arch Capital Group in a research note on Friday, February 16th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Arch Capital Group has an average rating of Moderate Buy and a consensus price target of $100.67.

Arch Capital Group Trading Down 0.8 %

Arch Capital Group stock opened at $94.41 on Wednesday. Arch Capital Group has a one year low of $69.05 and a one year high of $96.58. The stock has a market cap of $35.42 billion, a PE ratio of 7.45, a price-to-earnings-growth ratio of 1.14 and a beta of 0.57. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.59. The stock has a 50-day moving average of $91.01 and a two-hundred day moving average of $84.71.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Monday, April 29th. The insurance provider reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.39. The company had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $3.77 billion. Arch Capital Group had a net margin of 33.65% and a return on equity of 21.85%. Arch Capital Group’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period last year, the business earned $1.73 EPS. On average, research analysts anticipate that Arch Capital Group will post 8.4 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Francois Morin sold 25,689 shares of Arch Capital Group stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $87.47, for a total value of $2,247,016.83. Following the sale, the chief financial officer now directly owns 221,779 shares in the company, valued at approximately $19,399,009.13. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Arch Capital Group news, CFO Francois Morin sold 25,689 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.47, for a total value of $2,247,016.83. Following the transaction, the chief financial officer now owns 221,779 shares in the company, valued at approximately $19,399,009.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Maamoun Rajeh sold 50,000 shares of Arch Capital Group stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the sale, the chief executive officer now directly owns 336,170 shares in the company, valued at approximately $29,408,151.60. The disclosure for this sale can be found here. Insiders sold a total of 135,689 shares of company stock worth $11,872,217 in the last 90 days. Insiders own 4.20% of the company’s stock.

Institutional Trading of Arch Capital Group

A number of hedge funds have recently bought and sold shares of the business. Avidian Wealth Solutions LLC acquired a new position in shares of Arch Capital Group during the 1st quarter worth approximately $222,000. TFB Advisors LLC lifted its position in Arch Capital Group by 80.5% during the first quarter. TFB Advisors LLC now owns 5,446 shares of the insurance provider’s stock worth $522,000 after buying an additional 2,429 shares in the last quarter. Mediolanum International Funds Ltd acquired a new position in Arch Capital Group during the first quarter worth $23,827,000. Commerce Bank grew its holdings in Arch Capital Group by 1.4% in the 1st quarter. Commerce Bank now owns 469,180 shares of the insurance provider’s stock valued at $43,371,000 after buying an additional 6,566 shares in the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of Arch Capital Group in the 1st quarter worth $455,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

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.