Arch Capital Group (NASDAQ:ACGL) Cut to “Hold” at StockNews.com

StockNews.com cut shares of Arch Capital Group (NASDAQ:ACGL) from a buy rating to a hold rating in a research report released on Wednesday morning.

Other equities analysts also recently issued research reports about the stock. JMP Securities lifted their price objective on shares of Arch Capital Group from $110.00 to $115.00 and gave the stock a market outperform rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Arch Capital Group from $110.00 to $120.00 and gave the company a buy rating in a report on Monday, July 1st. Wells Fargo & Company boosted their price target on shares of Arch Capital Group from $109.00 to $110.00 and gave the company an overweight rating in a report on Wednesday, May 1st. Evercore ISI boosted their price target on shares of Arch Capital Group from $100.00 to $104.00 and gave the company an in-line rating in a report on Wednesday. Finally, Bank of America reduced their price target on shares of Arch Capital Group from $119.00 to $118.00 and set a buy rating for the company in a report on Thursday, July 11th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of $104.53.

Arch Capital Group Trading Up 1.6 %

ACGL opened at $98.67 on Wednesday. The firm has a market capitalization of $37.05 billion, a P/E ratio of 7.79, a P/E/G ratio of 1.81 and a beta of 0.58. The firm’s 50 day moving average is $99.13 and its 200-day moving average is $93.22. Arch Capital Group has a 52-week low of $72.85 and a 52-week high of $103.79. The company has a quick ratio of 0.59, a current ratio of 0.60 and a debt-to-equity ratio of 0.16.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.36. The business had revenue of $3.78 billion during 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%. The business’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.92 earnings per share. Analysts expect that Arch Capital Group will post 8.75 EPS for the current fiscal year.

Insiders Place Their Bets

In other Arch Capital Group news, CEO David Gansberg sold 10,000 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $96.64, for a total value of $966,400.00. Following the sale, the chief executive officer now directly owns 228,035 shares in the company, valued at $22,037,302.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.20% of the stock is owned by company insiders.

Institutional Trading of Arch Capital Group

Several institutional investors and hedge funds have recently bought and sold shares of ACGL. Householder Group Estate & Retirement Specialist LLC acquired a new stake in Arch Capital Group during the 4th quarter worth about $27,000. Larson Financial Group LLC purchased a new position in Arch Capital Group during the 4th quarter valued at about $30,000. UMB Bank n.a. purchased a new position in Arch Capital Group during the 2nd quarter valued at about $30,000. Baldwin Brothers LLC MA grew its stake in Arch Capital Group by 50.7% during the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 104 shares in the last quarter. Finally, Richardson Financial Services Inc. purchased a new position in Arch Capital Group during the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Company Profile

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.