Arch Capital Group (NASDAQ:ACGL) was downgraded by analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “underperform” rating in a research report issued to clients and investors on Monday, Analyst Ratings Network reports.
A number of other analysts have also recently weighed in on ACGL. Analysts at MKM Partners raised their price target on shares of Arch Capital Group from $55.00 to $65.00 in a research note to investors on Friday, July 26th. They now have a “buy” rating on the stock. Separately, analysts at Barclays Capital raised their price target on shares of Arch Capital Group from $62.00 to $65.00 in a research note to investors on Friday, July 26th. They now have an “overweight” rating on the stock. Finally, analysts at UBS AG raised their price target on shares of Arch Capital Group to $56.00 in a research note to investors on Friday, July 26th. They now have a “buy” rating on the stock.
Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. Arch Capital Group currently has an average rating of “Hold” and an average price target of $53.54.
Shares of Arch Capital Group (NASDAQ:ACGL) opened at 53.96 on Monday. Arch Capital Group has a 52 week low of $38.98 and a 52 week high of $55.87. The stock’s 50-day moving average is currently $53.20. The company has a market cap of $7.199 billion and a P/E ratio of 11.95.
Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.99 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.86 by $0.13. The company had revenue of $810.53 million for the quarter, compared to the consensus estimate of $883.15 million. During the same quarter in the prior year, the company posted $1.02 earnings per share. The company’s quarterly revenue was down 1.2% on a year-over-year basis. Analysts expect that Arch Capital Group will post $3.60 EPS for the current fiscal year.
In other Arch Capital Group news, CFO Mark Donald Lyons unloaded 10,000 shares of Arch Capital Group stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $54.26, for a total value of $542,600.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Arch Capital Group Ltd. (NASDAQ:ACGL) writes insurance and reinsurance on a worldwide basis.
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