Arch Capital Group (NASDAQ:ACGL) Hits New 12-Month High at $92.57

Arch Capital Group Ltd. (NASDAQ:ACGL) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $92.57 and last traded at $92.44, with a volume of 2462124 shares changing hands. The stock had previously closed at $91.48.

Analyst Ratings Changes

ACGL has been the subject of a number of research reports. Evercore ISI boosted their target price on shares of Arch Capital Group from $85.00 to $92.00 and gave the company an “in-line” rating in a research report on Thursday, February 15th. StockNews.com downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Monday, March 11th. Wells Fargo & Company boosted their target price on shares of Arch Capital Group from $98.00 to $104.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. TD Cowen initiated coverage on shares of Arch Capital Group in a research report on Wednesday, January 10th. They set an “outperform” rating and a $96.00 target price for the company. Finally, Citigroup decreased their target price on shares of Arch Capital Group from $91.00 to $89.00 and set a “neutral” rating for the company in a research report on Monday, January 22nd. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Arch Capital Group has a consensus rating of “Moderate Buy” and a consensus price target of $94.46.

Arch Capital Group Stock Performance

The company has a market cap of $34.59 billion, a PE ratio of 7.87, a PEG ratio of 1.13 and a beta of 0.57. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.57. The firm’s 50 day moving average is $86.04 and its 200-day moving average is $82.62.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Thursday, February 15th. The insurance provider reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.55. The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Arch Capital Group had a net margin of 32.59% and a return on equity of 21.94%. During the same quarter in the prior year, the company earned $2.14 EPS. On average, research analysts anticipate that Arch Capital Group Ltd. will post 8 earnings per share for the current fiscal year.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, insider Nicolas Papadopoulo sold 60,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $87.52, for a total value of $5,251,200.00. Following the transaction, the insider now directly owns 651,931 shares in the company, valued at approximately $57,057,001.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Nicolas Papadopoulo sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $87.52, for a total value of $5,251,200.00. Following the transaction, the insider now directly owns 651,931 shares in the company, valued at approximately $57,057,001.12. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Maamoun Rajeh sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the completion of the transaction, the chief executive officer now owns 336,170 shares in the company, valued at $29,408,151.60. The disclosure for this sale can be found here. Insiders have sold 135,689 shares of company stock worth $11,872,217 in the last ninety days. 4.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Arch Capital Group

Large investors have recently made changes to their positions in the stock. Householder Group Estate & Retirement Specialist LLC acquired a new stake in Arch Capital Group during the 4th quarter worth approximately $27,000. Larson Financial Group LLC acquired a new stake in Arch Capital Group during the 4th quarter worth approximately $30,000. Richardson Financial Services Inc. acquired a new stake in Arch Capital Group during the 4th quarter worth approximately $33,000. First Horizon Advisors Inc. lifted its holdings in Arch Capital Group by 151.0% during the 1st quarter. First Horizon Advisors Inc. now owns 497 shares of the insurance provider’s stock worth $34,000 after buying an additional 299 shares in the last quarter. Finally, Steward Financial Group LLC lifted its holdings in Arch Capital Group by 180.7% during the 3rd quarter. Steward Financial Group LLC now owns 525 shares of the insurance provider’s stock worth $41,000 after buying an additional 338 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

About Arch Capital Group

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; 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.