Keefe, Bruyette & Woods reissued their hold rating on shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in a research report sent to investors on Thursday. They currently have a $100.00 target price on the insurance provider’s stock.

A number of other analysts have also issued reports on the stock. Wells Fargo & Company reissued a hold rating on shares of Arch Capital Group in a research report on Wednesday, June 14th. BidaskClub raised shares of Arch Capital Group from a sell rating to a hold rating in a research report on Friday, June 30th. Zacks Investment Research lowered shares of Arch Capital Group from a hold rating to a sell rating in a research report on Tuesday, June 27th. Buckingham Research initiated coverage on shares of Arch Capital Group in a research report on Monday, September 11th. They issued a buy rating and a $106.00 price target for the company. Finally, UBS AG reduced their price target on shares of Arch Capital Group from $114.00 to $110.00 and set a buy rating for the company in a research report on Tuesday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $97.22.

Arch Capital Group (NASDAQ ACGL) traded up 0.22% during midday trading on Thursday, reaching $98.31. 169,531 shares of the company were exchanged. Arch Capital Group has a 52-week low of $76.47 and a 52-week high of $99.47. The firm’s 50-day moving average price is $96.62 and its 200 day moving average price is $95.63. The stock has a market capitalization of $13.22 billion, a price-to-earnings ratio of 17.88 and a beta of 0.67.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Wednesday, July 26th. The insurance provider reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.01. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.28 billion. Arch Capital Group had a net margin of 15.65% and a return on equity of 8.76%. The firm’s revenue was up 22.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.13 earnings per share. Equities analysts predict that Arch Capital Group will post $5.37 earnings per share for the current year.

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In related news, CEO Constantine Iordanou sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $97.88, for a total transaction of $4,894,000.00. Following the transaction, the chief executive officer now owns 171,901 shares of the company’s stock, valued at $16,825,669.88. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Andrew Rippert sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $94.25, for a total transaction of $329,875.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 195,579 shares of company stock worth $18,756,983. Insiders own 6.60% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Proficio Capital Partners LLC raised its position in Arch Capital Group by 75.5% during the first quarter. Proficio Capital Partners LLC now owns 1,095 shares of the insurance provider’s stock valued at $104,000 after acquiring an additional 471 shares in the last quarter. Acrospire Investment Management LLC bought a new position in Arch Capital Group during the second quarter valued at approximately $112,000. Vantage Investment Advisors LLC raised its position in Arch Capital Group by 1,372.9% during the second quarter. Vantage Investment Advisors LLC now owns 1,252 shares of the insurance provider’s stock valued at $117,000 after acquiring an additional 1,167 shares in the last quarter. Toronto Dominion Bank raised its position in Arch Capital Group by 26.5% during the first quarter. Toronto Dominion Bank now owns 1,343 shares of the insurance provider’s stock valued at $127,000 after acquiring an additional 281 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in Arch Capital Group by 13.1% during the first quarter. Parallel Advisors LLC now owns 1,350 shares of the insurance provider’s stock valued at $130,000 after acquiring an additional 156 shares in the last quarter. 76.91% of the stock is currently owned by hedge funds and other institutional investors.

About Arch Capital Group

Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.

Analyst Recommendations for Arch Capital Group (NASDAQ:ACGL)

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