Arch Capital Group Ltd. (NASDAQ:ACGL) has been given a consensus recommendation of “Hold” by the twelve analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $30.67.
ACGL has been the subject of a number of research reports. ValuEngine upgraded Arch Capital Group from a “strong sell” rating to a “sell” rating in a report on Saturday, February 2nd. JMP Securities restated a “hold” rating on shares of Arch Capital Group in a research note on Sunday, February 17th. BidaskClub downgraded Arch Capital Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 13th. Zacks Investment Research downgraded Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 8th. Finally, Barclays upgraded Arch Capital Group from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $29.00 to $32.00 in a research note on Wednesday, January 9th.
Shares of NASDAQ:ACGL traded up $0.60 during mid-day trading on Tuesday, reaching $33.09. 45,983 shares of the stock were exchanged, compared to its average volume of 1,188,868. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.51 and a current ratio of 0.51. The company has a market cap of $13.27 billion, a PE ratio of 15.04, a PEG ratio of 1.18 and a beta of 0.70. Arch Capital Group has a one year low of $24.79 and a one year high of $33.05.
Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Tuesday, February 12th. The insurance provider reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.08. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.38 billion. Arch Capital Group had a return on equity of 10.09% and a net margin of 13.91%. During the same period last year, the company earned $1.34 earnings per share. On average, research analysts predict that Arch Capital Group will post 2.54 earnings per share for the current fiscal year.
In related news, SVP W Preston Hutchings sold 37,500 shares of Arch Capital Group stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $32.55, for a total transaction of $1,220,625.00. Following the completion of the sale, the senior vice president now directly owns 62,216 shares of the company’s stock, valued at approximately $2,025,130.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Yiorgos Lillikas sold 2,000 shares of Arch Capital Group stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $32.30, for a total value of $64,600.00. Following the sale, the director now directly owns 51,214 shares of the company’s stock, valued at $1,654,212.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,648 shares of company stock valued at $1,451,332. Insiders own 5.20% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in ACGL. Prudential Financial Inc. lifted its holdings in Arch Capital Group by 10.1% during the 3rd quarter. Prudential Financial Inc. now owns 19,680 shares of the insurance provider’s stock worth $587,000 after purchasing an additional 1,800 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Arch Capital Group by 3.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,657,575 shares of the insurance provider’s stock valued at $79,217,000 after acquiring an additional 83,779 shares in the last quarter. GSA Capital Partners LLP raised its holdings in Arch Capital Group by 35.3% in the 3rd quarter. GSA Capital Partners LLP now owns 19,937 shares of the insurance provider’s stock valued at $594,000 after acquiring an additional 5,202 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Arch Capital Group by 39.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 9,400 shares of the insurance provider’s stock valued at $280,000 after acquiring an additional 2,683 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Arch Capital Group by 14.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 342,236 shares of the insurance provider’s stock valued at $10,202,000 after acquiring an additional 44,162 shares in the last quarter. 80.52% of the stock is owned by institutional investors and hedge funds.
About Arch Capital Group
Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; 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.
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