Arch Capital Group (NASDAQ:ACGL) Downgraded by StockNews.com

Arch Capital Group (NASDAQ:ACGL) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Thursday.

Several other analysts also recently commented on ACGL. Barclays started coverage on Arch Capital Group in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $120.00 target price for the company. Jefferies Financial Group boosted their price objective on Arch Capital Group from $114.00 to $134.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods upped their target price on Arch Capital Group from $120.00 to $121.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Evercore ISI lifted their price target on shares of Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a research report on Wednesday, October 9th. Finally, TD Cowen boosted their price target on shares of Arch Capital Group from $116.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Arch Capital Group currently has an average rating of “Moderate Buy” and an average target price of $119.53.

Arch Capital Group Price Performance

Arch Capital Group stock opened at $105.30 on Thursday. The stock has a market capitalization of $39.54 billion, a price-to-earnings ratio of 8.31, a PEG ratio of 2.00 and a beta of 0.59. Arch Capital Group has a 52-week low of $72.85 and a 52-week high of $116.47. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.60 and a current ratio of 0.60. The stock’s 50 day moving average price is $110.75 and its two-hundred day moving average price is $102.32.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.36. The business had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.89 billion. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. Arch Capital Group’s revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.92 earnings per share. On average, equities analysts predict that Arch Capital Group will post 9.06 earnings per share for the current year.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $102.46, for a total value of $1,174,191.60. Following the completion of the transaction, the chief financial officer now owns 221,779 shares in the company, valued at $22,723,476.34. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Capital International Investors lifted its stake in Arch Capital Group by 61.1% in the first quarter. Capital International Investors now owns 4,112,577 shares of the insurance provider’s stock valued at $380,167,000 after purchasing an additional 1,560,173 shares during the last quarter. International Assets Investment Management LLC increased its position in Arch Capital Group by 18,634.1% in the third quarter. International Assets Investment Management LLC now owns 551,345 shares of the insurance provider’s stock worth $616,840,000 after buying an additional 548,402 shares during the last quarter. Brandes Investment Partners LP bought a new stake in shares of Arch Capital Group in the second quarter valued at $48,119,000. Natixis Advisors LLC lifted its position in shares of Arch Capital Group by 59.1% during the 2nd quarter. Natixis Advisors LLC now owns 1,139,480 shares of the insurance provider’s stock valued at $114,962,000 after buying an additional 423,406 shares during the last quarter. Finally, Retirement Systems of Alabama grew its stake in shares of Arch Capital Group by 385.0% during the 1st quarter. Retirement Systems of Alabama now owns 398,884 shares of the insurance provider’s stock worth $36,873,000 after acquiring an additional 316,640 shares during the period. 89.07% of the stock is owned by institutional investors.

About Arch Capital Group

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.