Keefe, Bruyette & Woods reissued their hold rating on shares of Arch Capital Group (NASDAQ:ACGL) in a research note published on Wednesday morning. The firm currently has a $101.00 price target on the insurance provider’s stock.
Other equities research analysts also recently issued research reports about the company. UBS reiterated a buy rating on shares of Arch Capital Group in a research report on Monday, October 30th. Zacks Investment Research upgraded Arch Capital Group from a sell rating to a hold rating in a research report on Thursday, October 12th. Wells Fargo & Company set a $100.00 price objective on Arch Capital Group and gave the company a hold rating in a research report on Thursday, October 26th. Buckingham Research assumed coverage on Arch Capital Group in a research report on Monday, September 11th. They set a buy rating and a $106.00 price objective for the company. Finally, Royal Bank Of Canada reiterated a buy rating and set a $113.00 price objective on shares of Arch Capital Group in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. Arch Capital Group currently has an average rating of Hold and an average target price of $100.80.
Shares of Arch Capital Group (ACGL) opened at $92.01 on Wednesday. Arch Capital Group has a 52-week low of $84.21 and a 52-week high of $102.60. The company has a market capitalization of $12,041.72, a price-to-earnings ratio of 30.98, a PEG ratio of 2.59 and a beta of 0.67. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.83 and a current ratio of 0.83.
Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Wednesday, October 25th. The insurance provider reported ($0.79) EPS for the quarter, missing analysts’ consensus estimates of ($0.59) by ($0.20). Arch Capital Group had a net margin of 9.44% and a return on equity of 5.57%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the company posted $1.14 EPS. Arch Capital Group’s revenue was up 30.7% on a year-over-year basis. sell-side analysts forecast that Arch Capital Group will post 3.23 earnings per share for the current fiscal year.
In other news, CFO Mark Donald Lyons sold 9,967 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $97.31, for a total value of $969,888.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Nicolas Papadopoulo sold 54,554 shares of the stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $95.53, for a total value of $5,211,543.62. Following the completion of the sale, the chief executive officer now owns 147,481 shares of the company’s stock, valued at approximately $14,088,859.93. The disclosure for this sale can be found here. Insiders sold 103,439 shares of company stock valued at $9,965,430 in the last 90 days. Corporate insiders own 6.60% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Acrospire Investment Management LLC acquired a new position in shares of Arch Capital Group in the second quarter worth $112,000. Vantage Investment Advisors LLC increased its stake in shares of Arch Capital Group by 1,372.9% in the second quarter. Vantage Investment Advisors LLC now owns 1,252 shares of the insurance provider’s stock worth $117,000 after acquiring an additional 1,167 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Arch Capital Group by 0.4% in the second quarter. Parallel Advisors LLC now owns 1,356 shares of the insurance provider’s stock worth $132,000 after acquiring an additional 6 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of Arch Capital Group by 18.8% in the second quarter. Toronto Dominion Bank now owns 1,596 shares of the insurance provider’s stock worth $149,000 after acquiring an additional 253 shares during the last quarter. Finally, Pacer Advisors Inc. acquired a new position in shares of Arch Capital Group in the second quarter worth $197,000. 79.50% of the stock is currently owned by institutional investors and hedge funds.
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Arch Capital Group Company Profile
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.
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