Arch Capital Group Ltd. (NASDAQ:ACGL) shares reached a new 52-week high on Tuesday . The company traded as high as $80.92 and last traded at $80.67, with a volume of 592,049 shares trading hands. The stock had previously closed at $77.09.

ACGL has been the topic of several research analyst reports. Zacks Investment Research raised Arch Capital Group from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research note on Tuesday, August 2nd. Morgan Stanley reaffirmed a “hold” rating and set a $75.00 price objective on shares of Arch Capital Group in a research note on Friday, April 29th. Deutsche Bank AG raised their price objective on Arch Capital Group from $72.00 to $74.00 and gave the stock a “hold” rating in a research note on Friday, July 29th. BMO Capital Markets reaffirmed a “market perform” rating and set a $75.00 price objective (down previously from $76.00) on shares of Arch Capital Group in a research note on Tuesday, May 10th. Finally, Keefe, Bruyette & Woods raised their price objective on Arch Capital Group from $74.00 to $76.00 and gave the stock a “market perform” rating in a research note on Monday, July 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. Arch Capital Group presently has a consensus rating of “Hold” and an average target price of $75.67.

The firm’s 50-day moving average is $71.63 and its 200 day moving average is $70.46. The company has a market capitalization of $9.73 billion and a P/E ratio of 20.87.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.17. During the same quarter in the prior year, the firm posted $1.16 earnings per share. On average, equities analysts expect that Arch Capital Group Ltd. will post $4.31 earnings per share for the current fiscal year.

In related news, CFO Mark Donald Lyons sold 3,000 shares of the business’s stock in a transaction on Thursday, June 2nd. The shares were sold at an average price of $72.55, for a total value of $217,650.00. Following the transaction, the chief financial officer now owns 198,830 shares in the company, valued at $14,425,116.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Yiorgos Lillikas sold 1,570 shares of the business’s stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $72.21, for a total transaction of $113,369.70. Following the completion of the transaction, the director now owns 15,911 shares in the company, valued at approximately $1,148,933.31. The disclosure for this sale can be found here.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Advisors LLC raised its position in Arch Capital Group by 11.0% in the fourth quarter. BlackRock Advisors LLC now owns 193,868 shares of the company’s stock valued at $13,522,000 after buying an additional 19,257 shares during the last quarter. Utah Retirement Systems raised its position in Arch Capital Group by 0.5% in the fourth quarter. Utah Retirement Systems now owns 22,254 shares of the company’s stock valued at $1,552,000 after buying an additional 100 shares during the last quarter. KBC Group NV raised its position in Arch Capital Group by 166.9% in the fourth quarter. KBC Group NV now owns 155,666 shares of the company’s stock valued at $10,858,000 after buying an additional 97,337 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its position in Arch Capital Group by 6.0% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 15,358 shares of the company’s stock valued at $1,071,000 after buying an additional 875 shares during the last quarter.

Arch Capital Group Ltd. writes insurance and reinsurance on worldwide basis. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The Company’s insurance, reinsurance and mortgage segments are underwriting segments. 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, which includes alternative market risks and excess workers’ compensation.

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