Arch Capital Group (NASDAQ:ACGL) Sets New 12-Month High – Should You Buy?

Arch Capital Group Ltd. (NASDAQ:ACGL) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $97.54 and last traded at $97.3930, with a volume of 27123 shares trading hands. The stock had previously closed at $97.12.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Royal Bank Of Canada set a $108.00 price objective on Arch Capital Group and gave the stock an “outperform” rating in a research report on Monday, November 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Arch Capital Group in a report on Wednesday, October 8th. Wells Fargo & Company dropped their price objective on shares of Arch Capital Group from $111.00 to $106.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Mizuho set a $95.00 price objective on shares of Arch Capital Group and gave the stock a “neutral” rating in a research report on Monday, December 15th. Finally, Roth Capital set a $110.00 target price on shares of Arch Capital Group and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $106.00.

Arch Capital Group Trading Down 0.3%

The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $35.06 billion, a PE ratio of 9.04, a PEG ratio of 2.26 and a beta of 0.47. The business’s 50-day moving average is $91.11 and its two-hundred day moving average is $90.43.

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, topping the consensus estimate of $1.76 by $1.01. Arch Capital Group had a return on equity of 16.38% and a net margin of 20.96%.The company had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.39 billion. During the same quarter last year, the company posted $1.99 earnings per share. On average, analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Insider Activity at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 8,000 shares of the firm’s stock in a transaction on Friday, November 28th. The shares were sold at an average price of $94.62, for a total transaction of $756,960.00. Following the transaction, the chief financial officer directly owned 266,681 shares of the company’s stock, valued at approximately $25,233,356.22. This trade represents a 2.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John M. Pasquesi sold 203,866 shares of Arch Capital Group stock in a transaction on Friday, December 12th. The shares were sold at an average price of $93.90, for a total transaction of $19,143,017.40. Following the completion of the transaction, the insider owned 351,356 shares in the company, valued at approximately $32,992,328.40. This represents a 36.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 220,666 shares of company stock worth $20,728,673. 4.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Arch Capital Group

A number of hedge funds and other institutional investors have recently made changes to their positions in ACGL. CW Advisors LLC acquired a new stake in Arch Capital Group during the 1st quarter worth approximately $279,000. Kestra Advisory Services LLC raised its stake in shares of Arch Capital Group by 32.5% during the first quarter. Kestra Advisory Services LLC now owns 14,719 shares of the insurance provider’s stock worth $1,416,000 after purchasing an additional 3,611 shares during the last quarter. PEAK6 LLC lifted its holdings in shares of Arch Capital Group by 75.8% during the first quarter. PEAK6 LLC now owns 9,318 shares of the insurance provider’s stock worth $896,000 after purchasing an additional 4,018 shares during the period. Champlain Investment Partners LLC acquired a new stake in shares of Arch Capital Group during the first quarter worth $48,040,000. Finally, OMERS ADMINISTRATION Corp grew its position in Arch Capital Group by 42.2% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 45,026 shares of the insurance provider’s stock valued at $4,331,000 after buying an additional 13,357 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Company Profile

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.