Arch Capital Group Ltd. (NASDAQ:ACGL) Given Average Recommendation of “Hold” by Analysts

Arch Capital Group Ltd. (NASDAQ:ACGL) has received an average rating of “Hold” from the seventeen research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating 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 topic of several research reports. Wells Fargo & Company increased their price target on shares of Arch Capital Group from $109.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. UBS Group reiterated a “buy” rating and issued a $114.00 price target (up from $113.00) on shares of Arch Capital Group in a research report on Tuesday, February 17th. Barclays raised their target price on shares of Arch Capital Group from $104.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Mizuho decreased their target price on shares of Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $100.00 target price (up from $97.00) on shares of Arch Capital Group in a research report on Tuesday, February 17th.

Insider Activity

In related news, CEO Nicolas Papadopoulo sold 21,930 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $96.31, for a total transaction of $2,112,078.30. Following the sale, the chief executive officer owned 871,594 shares in the company, valued at approximately $83,943,218.14. This trade represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brian S. Posner sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total transaction of $58,980.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 35,837 shares of company stock worth $2,825,926 in the last three months. 3.30% of the stock is owned by insiders.

Institutional Trading of Arch Capital Group

A number of hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted its holdings in shares of Arch Capital Group by 157.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock valued at $65,000 after purchasing an additional 412 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Arch Capital Group in the 2nd quarter valued at $253,000. CW Advisors LLC boosted its holdings in shares of Arch Capital Group by 6.5% in the 2nd quarter. CW Advisors LLC now owns 3,098 shares of the insurance provider’s stock valued at $282,000 after purchasing an additional 189 shares during the last quarter. Jump Financial LLC acquired a new position in shares of Arch Capital Group in the 2nd quarter valued at $667,000. Finally, Cerity Partners LLC grew its stake in Arch Capital Group by 11.6% during the second quarter. Cerity Partners LLC now owns 47,486 shares of the insurance provider’s stock worth $4,324,000 after buying an additional 4,933 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Price Performance

ACGL stock opened at $91.19 on Monday. The company’s 50 day simple moving average is $94.86 and its 200-day simple moving average is $95.06. The firm has a market capitalization of $31.86 billion, a PE ratio of 7.00, a P/E/G ratio of 5.01 and a beta of 0.32. Arch Capital Group has a 12 month low of $82.44 and a 12 month high of $103.39. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.55 and a quick ratio of 0.55.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. The business had revenue of $4.52 billion for the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. Equities analysts expect that Arch Capital Group will post 9.29 earnings per share for the current fiscal year.

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.