Arch Capital Group Ltd. (NASDAQ:ACGL) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have been given an average rating of “Hold” by the eighteen brokerages 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 nine have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $109.40.

A number of analysts recently weighed in on the company. Mizuho lifted their price target on Arch Capital Group from $95.00 to $102.00 and gave the company a “neutral” rating in a research note on Thursday, February 12th. Evercore set a $100.00 price target on Arch Capital Group and gave the company an “in-line” rating in a research note on Wednesday, January 7th. Keefe, Bruyette & Woods lifted their price target on Arch Capital Group from $104.00 to $105.00 and gave the company a “market perform” rating in a research note on Tuesday, April 7th. Citigroup restated a “buy” rating and issued a $120.00 price target (up from $113.00) on shares of Arch Capital Group in a research note on Friday, February 13th. Finally, The Goldman Sachs Group restated a “sell” rating and issued a $93.00 price target (up from $84.00) on shares of Arch Capital Group in a research note on Wednesday, January 7th.

Arch Capital Group Trading Down 0.4%

Shares of ACGL stock opened at $97.10 on Friday. The business’s 50 day moving average is $96.77 and its two-hundred day moving average is $93.85. Arch Capital Group has a twelve month low of $82.44 and a twelve month high of $103.39. The company has a market capitalization of $34.59 billion, a P/E ratio of 8.36, a price-to-earnings-growth ratio of 4.84 and a beta of 0.41. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.13.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Monday, February 9th. The insurance provider reported $2.98 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.64. Arch Capital Group had a return on equity of 16.73% and a net margin of 22.07%.The company had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $3.94 billion. During the same period last year, the business posted $2.26 EPS. Equities analysts forecast that Arch Capital Group will post 8.42 EPS for the current year.

Insider Transactions at Arch Capital Group

In related news, insider Maamoun Rajeh sold 47,430 shares of Arch Capital Group stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $96.12, for a total transaction of $4,558,971.60. Following the completion of the transaction, the insider directly owned 433,589 shares of the company’s stock, valued at approximately $41,676,574.68. The trade was a 9.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider David Gansberg sold 5,907 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $96.37, for a total value of $569,257.59. Following the completion of the transaction, the insider directly owned 336,559 shares of the company’s stock, valued at approximately $32,434,190.83. This trade represents a 1.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 78,267 shares of company stock valued at $7,291,637. Company insiders own 3.30% of the company’s stock.

Hedge Funds Weigh In On Arch Capital Group

A number of institutional investors have recently made changes to their positions in the stock. WCM Investment Management LLC raised its holdings in shares of Arch Capital Group by 1.3% in the third quarter. WCM Investment Management LLC now owns 13,525,402 shares of the insurance provider’s stock worth $1,214,987,000 after acquiring an additional 171,693 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Arch Capital Group by 4.6% in the third quarter. JPMorgan Chase & Co. now owns 8,190,927 shares of the insurance provider’s stock worth $743,168,000 after acquiring an additional 360,626 shares during the last quarter. Norges Bank acquired a new position in shares of Arch Capital Group in the fourth quarter worth $463,208,000. Morgan Stanley raised its holdings in shares of Arch Capital Group by 0.8% in the fourth quarter. Morgan Stanley now owns 4,289,082 shares of the insurance provider’s stock worth $411,409,000 after acquiring an additional 33,132 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Arch Capital Group by 5.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,949,978 shares of the insurance provider’s stock worth $282,962,000 after acquiring an additional 160,326 shares during the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

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.