Arch Capital Group (NASDAQ:ACGL) Trading Down 0.2%

Arch Capital Group Ltd. (NASDAQ:ACGLGet Free Report)’s stock price dropped 0.2% during trading on Thursday . The stock traded as low as $102.18 and last traded at $102.53. Approximately 331,866 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 1,671,301 shares. The stock had previously closed at $102.70.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Bank of America boosted their price target on shares of Arch Capital Group from $105.00 to $109.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. StockNews.com downgraded Arch Capital Group from a “buy” rating to a “hold” rating in a report on Saturday. Evercore ISI boosted their target price on shares of Arch Capital Group from $98.00 to $100.00 and gave the company an “in-line” rating in a report on Tuesday, April 30th. Roth Mkm reaffirmed a “buy” rating and set a $110.00 target price on shares of Arch Capital Group in a research note on Tuesday, April 30th. Finally, Morgan Stanley increased their price objective on shares of Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $100.67.

Check Out Our Latest Stock Report on Arch Capital Group

Arch Capital Group Stock Up 1.4 %

The company has a debt-to-equity ratio of 0.17, a current ratio of 0.59 and a quick ratio of 0.59. The company’s 50-day simple moving average is $94.47 and its 200 day simple moving average is $86.36. The firm has a market cap of $38.81 billion, a P/E ratio of 8.16, a price-to-earnings-growth ratio of 2.36 and a beta of 0.57.

Arch Capital Group (NASDAQ:ACGLGet Free Report) last released its quarterly earnings data on Monday, April 29th. The insurance provider reported $2.45 EPS for the quarter, beating the consensus estimate of $2.06 by $0.39. Arch Capital Group had a net margin of 33.65% and a return on equity of 21.85%. The business had revenue of $4.09 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same quarter last year, the business earned $1.73 earnings per share. Arch Capital Group’s quarterly revenue was up 19.3% compared to the same quarter last year. Research analysts anticipate that Arch Capital Group Ltd. will post 8.55 EPS for the current fiscal year.

Insider Transactions at Arch Capital Group

In other news, CEO David Gansberg sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $96.64, for a total value of $966,400.00. Following the completion of the sale, the chief executive officer now owns 228,035 shares in the company, valued at approximately $22,037,302.40. The transaction was disclosed in a document filed 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 transaction, the chief financial officer now owns 221,779 shares of the company’s stock, valued at approximately $19,399,009.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO David Gansberg sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $96.64, for a total transaction of $966,400.00. Following the completion of the transaction, the chief executive officer now directly owns 228,035 shares in the company, valued at approximately $22,037,302.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 145,689 shares of company stock worth $12,838,617. 4.20% of the stock is currently owned by insiders.

Institutional Trading of Arch Capital Group

A number of institutional investors have recently modified their holdings of the company. Cetera Advisors LLC boosted its stake in Arch Capital Group by 70.9% in the 1st quarter. Cetera Advisors LLC now owns 13,700 shares of the insurance provider’s stock worth $1,266,000 after purchasing an additional 5,684 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Arch Capital Group by 155.9% in the 1st quarter. Cetera Investment Advisers now owns 41,541 shares of the insurance provider’s stock valued at $3,840,000 after acquiring an additional 25,306 shares during the last quarter. Atria Investments Inc boosted its holdings in shares of Arch Capital Group by 19.7% in the 1st quarter. Atria Investments Inc now owns 24,463 shares of the insurance provider’s stock valued at $2,261,000 after acquiring an additional 4,018 shares during the last quarter. Swedbank AB purchased a new stake in shares of Arch Capital Group in the 1st quarter valued at $25,060,000. Finally, LRI Investments LLC purchased a new stake in shares of Arch Capital Group in the 1st quarter valued at $38,000. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Company Profile

(Get Free Report)

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.

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