Barclays PLC downgraded shares of Arch Capital Group Ltd. (NASDAQ:ACGL) from an overweight rating to an equal weight rating in a research note released on Thursday. The brokerage currently has $85.00 price target on the stock.

Analyst Recommendations for Arch Capital Group (NASDAQ:ACGL)

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Arch Capital Group from a hold rating to a buy rating and set a $93.00 target price for the company in a research note on Wednesday, September 7th. MKM Partners raised their target price on shares of Arch Capital Group from $85.00 to $95.00 and gave the company a buy rating in a research note on Tuesday, August 30th. Deutsche Bank AG raised their target price on shares of Arch Capital Group from $72.00 to $74.00 and gave the company a hold rating in a research note on Friday, July 29th. Wells Fargo & Co. reaffirmed a hold rating on shares of Arch Capital Group in a research note on Wednesday, June 15th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Arch Capital Group from $74.00 to $76.00 and gave the company a market perform rating in a research note on Monday, July 11th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $80.36.

Arch Capital Group (NASDAQ:ACGL) opened at 80.98 on Thursday. Arch Capital Group has a 1-year low of $59.83 and a 1-year high of $83.61. The company has a market capitalization of $9.77 billion, a P/E ratio of 20.94 and a beta of 0.57. The company has a 50-day moving average of $78.92 and a 200-day moving average of $72.73.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Wednesday, July 27th. The company reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.17. Arch Capital Group had a net margin of 12.27% and a return on equity of 8.32%. During the same quarter in the previous year, the business earned $1.16 earnings per share. Equities analysts expect that Arch Capital Group will post $4.32 EPS for the current fiscal year.

In other Arch Capital Group news, CEO David Mcelroy sold 25,000 shares of Arch Capital Group stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $79.27, for a total value of $1,981,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark Donald Lyons sold 4,812 shares of Arch Capital Group stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $80.34, for a total transaction of $386,596.08. The disclosure for this sale can be found here. 6.30% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of the company. State Board of Administration of Florida Retirement System boosted its position in Arch Capital Group by 23.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 172,617 shares of the company’s stock worth $12,428,000 after buying an additional 32,410 shares in the last quarter. Hartford Investment Management Co. purchased a new position in Arch Capital Group during the second quarter worth approximately $214,000. BlueMountain Capital Management LLC boosted its position in Arch Capital Group by 63.4% in the first quarter. BlueMountain Capital Management LLC now owns 5,899 shares of the company’s stock worth $419,000 after buying an additional 2,288 shares in the last quarter. Princeton Alpha Management LP purchased a new position in Arch Capital Group during the second quarter worth approximately $390,000. Finally, Bayesian Capital Management LP purchased a new position in Arch Capital Group during the first quarter worth approximately $204,000. 77.47% of the stock is owned by institutional investors and hedge funds.

Arch Capital Group Company Profile

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.

5 Day Chart for NASDAQ:ACGL

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