Arch Capital Group (ACGL) Cut to “Sell” at ValuEngine
ValuEngine cut shares of Arch Capital Group (NASDAQ:ACGL) from a hold rating to a sell rating in a research note released on Thursday morning.
A number of other research firms also recently weighed in on ACGL. BidaskClub downgraded Arch Capital Group from a hold rating to a sell rating in a report on Thursday, December 7th. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $101.00 price objective on shares of Arch Capital Group in a report on Wednesday, December 6th. Finally, Wells Fargo & Co set a $100.00 price objective on Arch Capital Group and gave the company a hold rating in a report on Sunday, December 10th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $100.50.
Arch Capital Group (NASDAQ ACGL) opened at $86.14 on Thursday. Arch Capital Group has a 12 month low of $85.35 and a 12 month 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 $11,285.03, a PE ratio of 27.09, a P/E/G ratio of 1.26 and a beta of 0.63.
In other Arch Capital Group news, insider Louis T. Petrillo sold 5,921 shares of Arch Capital Group 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 sale, the insider now directly owns 43,268 shares of the company’s stock, valued at $3,940,416.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Constantine Iordanou acquired 7,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were bought at an average cost of $23.80 per share, for a total transaction of $166,600.00. Following the completion of the acquisition, the chief executive officer now directly owns 7,000 shares of the company’s stock, valued at approximately $166,600. The disclosure for this purchase can be found here. Insiders have sold 17,421 shares of company stock worth $1,581,785 over the last ninety days. Company insiders own 6.60% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Alps Advisors Inc. acquired a new position in shares of Arch Capital Group in the 4th quarter worth approximately $203,000. Dai Ichi Life Insurance Company Ltd acquired a new position in shares of Arch Capital Group in the 3rd quarter worth approximately $242,000. IFM Investors Pty Ltd acquired a new position in shares of Arch Capital Group in the 3rd quarter worth approximately $260,000. Parametrica Management Ltd acquired a new position in shares of Arch Capital Group in the 4th quarter worth approximately $261,000. Finally, Assetmark Inc. acquired a new position in shares of Arch Capital Group in the 3rd quarter worth approximately $299,000. 76.96% of the stock is currently owned by institutional investors and hedge funds.
TRADEMARK VIOLATION NOTICE: “Arch Capital Group (ACGL) Cut to “Sell” at ValuEngine” was originally reported by Daily Political and is owned by of Daily Political. If you are accessing this article on another publication, it was illegally copied and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://www.dailypolitical.com/2018/03/04/arch-capital-group-acgl-cut-to-sell-at-valuengine.html.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Arch Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arch Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.