Arch Capital Group Ltd. (NASDAQ:ACGL) has earned an average recommendation of “Hold” from the twelve analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $29.60.

ACGL has been the subject of several analyst reports. Barclays upgraded Arch Capital Group from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $29.00 to $32.00 in a research note on Wednesday, January 9th. ValuEngine upgraded Arch Capital Group from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Zacks Investment Research upgraded Arch Capital Group from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Thursday, January 3rd. BidaskClub lowered Arch Capital Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 13th. Finally, JMP Securities reiterated a “hold” rating on shares of Arch Capital Group in a research note on Sunday, February 17th.

Arch Capital Group stock traded down $0.09 during trading on Tuesday, hitting $32.53. The company’s stock had a trading volume of 716,934 shares, compared to its average volume of 1,120,564. The firm has a market capitalization of $13.13 billion, a P/E ratio of 14.79, a PEG ratio of 1.17 and a beta of 0.70. Arch Capital Group has a 1-year low of $24.79 and a 1-year high of $33.25. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.27.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Tuesday, February 12th. The insurance provider reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.08. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates 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 in the prior year, the firm posted $1.34 earnings per share. As a group, equities analysts predict that Arch Capital Group will post 2.54 EPS for the current year.

In other Arch Capital Group news, SVP W Preston Hutchings sold 37,500 shares of the business’s stock in a transaction dated 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 owns 62,216 shares of the company’s stock, valued at $2,025,130.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Yiorgos Lillikas sold 2,000 shares of the business’s stock in a transaction dated Tuesday, February 26th. The shares were 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 approximately $1,654,212.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 44,648 shares of company stock valued at $1,451,332. 5.20% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc boosted its position in shares of Arch Capital Group by 0.4% in the third quarter. Vanguard Group Inc now owns 33,874,589 shares of the insurance provider’s stock worth $1,009,802,000 after buying an additional 144,152 shares during the period. BlackRock Inc. boosted its holdings in Arch Capital Group by 4.0% in the fourth quarter. BlackRock Inc. now owns 27,775,928 shares of the insurance provider’s stock valued at $742,173,000 after purchasing an additional 1,058,345 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Arch Capital Group by 7.6% in the fourth quarter. Geode Capital Management LLC now owns 4,366,916 shares of the insurance provider’s stock valued at $116,612,000 after purchasing an additional 307,790 shares during the last quarter. Norges Bank purchased a new position in Arch Capital Group in the fourth quarter valued at about $90,777,000. Finally, Northern Trust Corp boosted its holdings in Arch Capital Group by 5.2% in the fourth quarter. Northern Trust Corp now owns 2,813,672 shares of the insurance provider’s stock valued at $75,181,000 after purchasing an additional 138,636 shares during the last quarter. 80.52% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Company Profile

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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Analyst Recommendations for Arch Capital Group (NASDAQ:ACGL)

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