ValuEngine downgraded shares of Arch Capital Group (NASDAQ:ACGL) from a sell rating to a strong sell rating in a report released on Monday.
Several other brokerages have also recently issued reports on ACGL. BidaskClub cut Arch Capital Group from a hold rating to a sell rating in a report on Thursday, April 12th. Wells Fargo & Co set a $10.67 price objective on Arch Capital Group and gave the stock a hold rating in a report on Tuesday, May 1st. Goldman Sachs Group initiated coverage on Arch Capital Group in a report on Monday, June 18th. They set a neutral rating for the company. TheStreet cut Arch Capital Group from a b rating to a c rating in a report on Tuesday, May 1st. Finally, Keefe, Bruyette & Woods raised Arch Capital Group from a market perform rating to an outperform rating in a report on Thursday, March 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $11.50.
Shares of Arch Capital Group opened at $26.93 on Monday, MarketBeat.com reports. The firm has a market cap of $10.90 billion, a P/E ratio of 25.17, a PEG ratio of 1.15 and a beta of 0.63. Arch Capital Group has a 1 year low of $25.71 and a 1 year high of $34.20. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.34.
Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Tuesday, May 1st. The insurance provider reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Arch Capital Group had a return on equity of 6.04% and a net margin of 9.41%. Arch Capital Group’s revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 earnings per share. research analysts predict that Arch Capital Group will post 2.12 earnings per share for the current year.
In other Arch Capital Group news, CEO Andrew Rippert sold 6,170 shares of the firm’s stock in a transaction on Friday, June 15th. The stock was sold at an average price of $80.88, for a total transaction of $499,029.60. Following the completion of the transaction, the chief executive officer now owns 33,489 shares of the company’s stock, valued at $2,708,590.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mark Donald Lyons sold 12,000 shares of the firm’s stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $78.36, for a total value of $940,320.00. The disclosure for this sale can be found here. Insiders have sold 20,108 shares of company stock valued at $1,600,417 in the last three months. 5.10% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. Twin Tree Management LP purchased a new position in Arch Capital Group during the first quarter worth $141,000. Delpha Capital Management LLC purchased a new position in Arch Capital Group during the first quarter worth $240,000. Schroder Investment Management Group purchased a new position in Arch Capital Group during the first quarter worth $242,000. Jane Street Group LLC purchased a new position in Arch Capital Group during the first quarter worth $292,000. Finally, Insight 2811 Inc. increased its position in Arch Capital Group by 30.0% during the first quarter. Insight 2811 Inc. now owns 4,203 shares of the insurance provider’s stock worth $360,000 after buying an additional 970 shares in the last quarter. 26.97% of the stock is owned by institutional investors.
About Arch Capital Group
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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