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

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have been assigned a consensus recommendation of “Hold” from the eighteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $109.20.

A number of brokerages have recently weighed in on ACGL. Morgan Stanley set a $125.00 price objective on Arch Capital Group in a research report on Friday, January 16th. Wells Fargo & Company boosted their target price on Arch Capital Group from $106.00 to $109.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. Roth Mkm set a $110.00 price target on Arch Capital Group and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Evercore set a $100.00 price target on Arch Capital Group and gave the company an “in-line” rating in a report on Wednesday, January 7th. Finally, Royal Bank Of Canada lifted their price objective on Arch Capital Group from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 11th.

Insider Buying and Selling at Arch Capital Group

In related news, Director Brian S. Posner sold 3,000 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $17.11, for a total value of $51,330.00. Following the sale, the director owned 2,000 shares in the company, valued at approximately $34,220. The trade was a 60.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David Gansberg sold 5,907 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $96.37, for a total transaction of $569,257.59. Following the completion of the sale, the insider owned 336,559 shares in the company, valued at $32,434,190.83. This represents a 1.72% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 78,267 shares of company stock valued at $7,291,637. 4.10% of the stock is owned by company insiders.

Institutional Trading of Arch Capital Group

Several hedge funds have recently made changes to their positions in ACGL. Hsbc Holdings PLC increased its stake in Arch Capital Group by 4.8% during the fourth quarter. Hsbc Holdings PLC now owns 389,698 shares of the insurance provider’s stock worth $37,551,000 after acquiring an additional 17,832 shares during the last quarter. World Investment Advisors lifted its stake in shares of Arch Capital Group by 19.8% in the 4th quarter. World Investment Advisors now owns 6,930 shares of the insurance provider’s stock valued at $665,000 after purchasing an additional 1,145 shares during the last quarter. Meadowbrook Advisors Group LLC bought a new stake in shares of Arch Capital Group in the 4th quarter valued at approximately $1,319,000. Pure Financial Advisors LLC purchased a new position in shares of Arch Capital Group in the 4th quarter worth approximately $207,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of Arch Capital Group by 95.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,701 shares of the insurance provider’s stock worth $163,000 after purchasing an additional 830 shares during the period. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Price Performance

Shares of NASDAQ:ACGL opened at $93.60 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.53 and a current ratio of 0.53. The firm has a fifty day moving average price of $96.08 and a 200 day moving average price of $93.11. Arch Capital Group has a fifty-two week low of $82.44 and a fifty-two week high of $103.39. The firm has a market cap of $33.30 billion, a price-to-earnings ratio of 8.06, a P/E/G ratio of 3.81 and a beta of 0.40.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Monday, February 9th. The insurance provider reported $2.98 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.64. The company had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $3.94 billion. Arch Capital Group had a net margin of 22.07% and a return on equity of 16.73%. During the same period last year, the company posted $2.26 earnings per share. As a group, sell-side analysts expect that Arch Capital Group will post 8.42 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.