Arch Capital Group (NASDAQ:ACGL) Upgraded by Mizuho to “Hold” Rating

Mizuho upgraded shares of Arch Capital Group (NASDAQ:ACGL) to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

A number of other research firms have also recently weighed in on ACGL. Weiss Ratings restated a “hold (c+)” rating on shares of Arch Capital Group in a report on Wednesday, October 8th. Royal Bank Of Canada set a $108.00 price objective on shares of Arch Capital Group and gave the stock an “outperform” rating in a research note on Monday, November 24th. Morgan Stanley boosted their price objective on shares of Arch Capital Group from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, November 17th. Roth Capital set a $110.00 target price on Arch Capital Group and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Finally, Wells Fargo & Company lowered their price target on Arch Capital Group from $111.00 to $106.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Arch Capital Group has an average rating of “Hold” and an average target price of $106.00.

Arch Capital Group Price Performance

Shares of ACGL opened at $95.58 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.55 and a current ratio of 0.55. The company has a 50 day moving average price of $90.56 and a 200-day moving average price of $90.35. Arch Capital Group has a fifty-two week low of $82.44 and a fifty-two week high of $97.40. The stock has a market capitalization of $34.66 billion, a PE ratio of 8.94, a PEG ratio of 2.23 and a beta of 0.47.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Monday, October 27th. The insurance provider reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $1.01. The company had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.39 billion. Arch Capital Group had a net margin of 20.96% and a return on equity of 16.38%. During the same period last year, the company posted $1.99 earnings per share. Equities analysts predict that Arch Capital Group will post 8.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider John M. Pasquesi sold 203,866 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $93.90, for a total value of $19,143,017.40. Following the completion of the transaction, the insider owned 351,356 shares of the company’s stock, valued at approximately $32,992,328.40. This represents a 36.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Francois Morin sold 8,000 shares of the stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $94.62, for a total value of $756,960.00. Following the transaction, the chief financial officer owned 266,681 shares in the company, valued at $25,233,356.22. This trade represents a 2.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 220,666 shares of company stock valued at $20,728,673 in the last ninety days. 4.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Arch Capital Group by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 42,414,557 shares of the insurance provider’s stock valued at $3,861,845,000 after purchasing an additional 493,583 shares during the last quarter. Artisan Partners Limited Partnership increased its holdings in Arch Capital Group by 1.7% in the second quarter. Artisan Partners Limited Partnership now owns 23,833,290 shares of the insurance provider’s stock valued at $2,170,021,000 after buying an additional 408,950 shares during the last quarter. WCM Investment Management LLC raised its stake in Arch Capital Group by 1.3% in the third quarter. WCM Investment Management LLC now owns 13,525,402 shares of the insurance provider’s stock valued at $1,214,987,000 after buying an additional 171,693 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Arch Capital Group by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 10,502,003 shares of the insurance provider’s stock worth $952,523,000 after buying an additional 115,465 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Arch Capital Group by 4.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,190,927 shares of the insurance provider’s stock worth $743,168,000 after acquiring an additional 360,626 shares in the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Company Profile

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; 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.