BidaskClub upgraded shares of Arch Capital Group (NASDAQ:ACGL) from a strong sell rating to a sell rating in a report released on Tuesday.
Other equities analysts also recently issued reports about the company. UBS Group restated a buy rating on shares of Arch Capital Group in a research report on Monday, October 30th. Royal Bank of Canada restated a buy rating and set a $113.00 price objective on shares of Arch Capital Group in a research report on Friday, October 27th. Barclays raised their price objective on Arch Capital Group from $91.00 to $95.00 and gave the stock an equal weight rating in a research report on Monday, October 16th. Wells Fargo & Co restated a hold rating and set a $96.00 price objective on shares of Arch Capital Group in a research report on Tuesday, January 9th. Finally, Keefe, Bruyette & Woods restated a hold rating and set a $101.00 price objective on shares of Arch Capital Group in a research report on Wednesday, December 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. Arch Capital Group has a consensus rating of Hold and a consensus target price of $100.40.
Arch Capital Group (ACGL) opened at $91.15 on Tuesday. Arch Capital Group has a 1 year low of $86.58 and a 1 year high of $102.60. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market capitalization of $11,768.19, a PE ratio of 29.40, a PEG ratio of 1.31 and a beta of 0.67.
Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Wednesday, October 25th. The insurance provider reported ($0.79) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.59) by ($0.20). Arch Capital Group had a return on equity of 5.57% and a net margin of 9.44%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the business earned $1.14 earnings per share. Arch Capital Group’s revenue was up 30.7% compared to the same quarter last year. research analysts predict that Arch Capital Group will post 3 EPS for the current fiscal year.
In related news, insider Louis T. Petrillo sold 5,921 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $91.07, for a total transaction of $539,225.47. Following the completion of the sale, the insider now owns 43,268 shares of the company’s stock, valued at $3,940,416.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark Donald Lyons sold 5,500 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $92.04, for a total value of $506,220.00. The disclosure for this sale can be found here. Insiders have sold 65,975 shares of company stock valued at $6,256,989 in the last ninety days. 6.60% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue grew its stake in Arch Capital Group by 28.1% during the fourth quarter. State of Alaska Department of Revenue now owns 41,268 shares of the insurance provider’s stock worth $3,745,000 after purchasing an additional 9,060 shares during the period. Schwab Charles Investment Management Inc. grew its stake in Arch Capital Group by 5.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 273,416 shares of the insurance provider’s stock valued at $24,818,000 after acquiring an additional 12,930 shares during the period. Gateway Investment Advisers LLC grew its stake in Arch Capital Group by 257.0% in the fourth quarter. Gateway Investment Advisers LLC now owns 167,893 shares of the insurance provider’s stock valued at $15,240,000 after acquiring an additional 120,859 shares during the period. Parametric Portfolio Associates LLC grew its stake in Arch Capital Group by 1.6% in the third quarter. Parametric Portfolio Associates LLC now owns 315,201 shares of the insurance provider’s stock valued at $31,047,000 after acquiring an additional 4,990 shares during the period. Finally, IFM Investors Pty Ltd acquired a new stake in Arch Capital Group in the third quarter valued at approximately $260,000. 79.43% of the stock is 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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