Arch Capital Group Ltd. (NASDAQ:ACGL) Receives Average Rating of “Hold” from Analysts

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have been given an average rating of “Hold” by the seventeen ratings firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $106.3214.

ACGL has been the subject of several research analyst reports. Keefe, Bruyette & Woods dropped their price target on shares of Arch Capital Group from $105.00 to $102.00 and set a “market perform” rating for the company in a research report on Tuesday. Evercore set a $100.00 price objective on shares of Arch Capital Group and gave the stock an “in-line” rating in a research report on Wednesday, January 7th. JPMorgan Chase & Co. dropped their price objective on shares of Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating for the company in a research report on Monday, April 20th. UBS Group reissued a “buy” rating and issued a $114.00 price objective (up from $113.00) on shares of Arch Capital Group in a research report on Tuesday, February 17th. Finally, Morgan Stanley set a $105.00 price objective on shares of Arch Capital Group in a research report on Friday, May 1st.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $94.76 on Thursday. Arch Capital Group has a one year low of $82.44 and a one year high of $103.39. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.53 and a current ratio of 0.55. The company has a 50 day moving average price of $96.21 and a 200 day moving average price of $94.33. The firm has a market capitalization of $33.76 billion, a price-to-earnings ratio of 7.28, a price-to-earnings-growth ratio of 5.15 and a beta of 0.35.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. The firm had revenue of $4.52 billion during the quarter. Sell-side analysts anticipate that Arch Capital Group will post 9.32 EPS for the current year.

Insider Buying and Selling

In other Arch Capital Group news, Director Daniel Joseph Houston acquired 5,300 shares of the company’s stock in a transaction dated Thursday, April 30th. The stock was bought at an average price of $94.08 per share, with a total value of $498,624.00. Following the completion of the transaction, the director directly owned 9,915 shares of the company’s stock, valued at approximately $932,803.20. The trade was a 114.84% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $2,112,078.30. Following the completion of the sale, the chief executive officer directly owned 871,594 shares of the company’s stock, valued at $83,943,218.14. The trade was a 2.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 78,267 shares of company stock valued at $7,291,637. 3.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ACGL. Elyxium Wealth LLC purchased a new position in shares of Arch Capital Group in the fourth quarter valued at $27,000. WealthCollab LLC boosted its stake in shares of Arch Capital Group by 410.3% in the third quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 238 shares during the period. JPL Wealth Management LLC purchased a new position in shares of Arch Capital Group in the third quarter valued at $28,000. Grove Bank & Trust purchased a new position in shares of Arch Capital Group in the fourth quarter valued at $30,000. Finally, Aventura Private Wealth LLC purchased a new position in shares of Arch Capital Group in the fourth quarter valued at $30,000. 89.07% of the stock is currently owned by hedge funds and other 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.