Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have been assigned an average rating of “Hold” from the eleven brokerages that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $99.14.

ACGL has been the topic of a number of research analyst reports. Wells Fargo set a $96.00 target price on Arch Capital Group and gave the company a “hold” rating in a research note on Wednesday. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $101.00 target price on shares of Arch Capital Group in a research note on Wednesday, December 6th. ValuEngine cut Arch Capital Group from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Finally, BidaskClub raised Arch Capital Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, January 16th.

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In related news, CFO Mark Donald Lyons sold 6,000 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $89.39, for a total value of $536,340.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Constantine Iordanou bought 7,000 shares of Arch Capital Group stock in a transaction that occurred on Thursday, February 15th. The stock was purchased at an average cost of $23.80 per share, for a total transaction of $166,600.00. Following the purchase, the chief executive officer now owns 7,000 shares of the company’s stock, valued at $166,600. The disclosure for this purchase can be found here. 6.60% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in the company. Wells Fargo & Company MN grew its stake in shares of Arch Capital Group by 18.1% during the fourth quarter. Wells Fargo & Company MN now owns 2,847,716 shares of the insurance provider’s stock valued at $258,488,000 after buying an additional 436,449 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Arch Capital Group by 10.8% during the fourth quarter. Renaissance Technologies LLC now owns 1,692,500 shares of the insurance provider’s stock valued at $153,628,000 after buying an additional 165,200 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Arch Capital Group by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 1,181,416 shares of the insurance provider’s stock valued at $107,176,000 after buying an additional 16,567 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Arch Capital Group by 6.4% during the third quarter. Janus Henderson Group PLC now owns 1,143,678 shares of the insurance provider’s stock valued at $112,652,000 after buying an additional 68,746 shares during the last quarter. Finally, Swiss National Bank grew its stake in shares of Arch Capital Group by 2.2% during the fourth quarter. Swiss National Bank now owns 867,368 shares of the insurance provider’s stock valued at $78,731,000 after buying an additional 18,600 shares during the last quarter. 81.56% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Arch Capital Group (ACGL) traded up $0.77 during mid-day trading on Friday, hitting $85.04. The company had a trading volume of 973,416 shares, compared to its average volume of 832,048. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.40. Arch Capital Group has a one year low of $83.86 and a one year high of $102.60. The stock has a market capitalization of $11,140.92, a P/E ratio of 20.95, a PEG ratio of 1.24 and a beta of 0.63.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Monday, February 12th. The insurance provider reported $1.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.21. Arch Capital Group had a return on equity of 5.87% and a net margin of 11.21%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the business posted $1.13 earnings per share. The firm’s revenue was up 27.4% compared to the same quarter last year. sell-side analysts predict that Arch Capital Group will post 6.21 earnings per share for the current fiscal year.

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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.

Analyst Recommendations for Arch Capital Group (NASDAQ:ACGL)

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