Arch Capital Group Ltd. (NASDAQ:ACGL) Given Average Recommendation of “Hold” by Analysts

Arch Capital Group Ltd. (NASDAQ:ACGL) has been assigned an average recommendation of “Hold” from the fifteen research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $111.1071.

A number of equities analysts have weighed in on the stock. Cantor Fitzgerald raised their target price on shares of Arch Capital Group from $102.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Citigroup reissued a “market outperform” rating on shares of Arch Capital Group in a research report on Wednesday, July 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Arch Capital Group in a research note on Thursday, August 13th. Mizuho raised their price objective on Arch Capital Group from $101.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Finally, Atlantic Securities set a $126.00 price objective on Arch Capital Group in a research note on Wednesday, July 15th.

Insider Activity

In related news, Director Brian S. Posner sold 3,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $19.66, for a total value of $58,980.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Arch Capital Group during the fourth quarter valued at approximately $463,208,000. Morgan Stanley lifted its position in Arch Capital Group by 0.8% in the 4th quarter. Morgan Stanley now owns 4,289,082 shares of the insurance provider’s stock valued at $411,409,000 after acquiring an additional 33,132 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Arch Capital Group by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,173,885 shares of the insurance provider’s stock valued at $400,643,000 after acquiring an additional 117,929 shares in the last quarter. Madison Asset Management LLC purchased a new stake in Arch Capital Group during the 2nd quarter valued at $368,808,000. Finally, Goldman Sachs Group Inc. boosted its stake in Arch Capital Group by 5.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,949,978 shares of the insurance provider’s stock valued at $282,962,000 after purchasing an additional 160,326 shares during the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Stock Down 0.4%

NASDAQ:ACGL opened at $98.53 on Friday. The firm’s 50-day moving average price is $98.61 and its 200-day moving average price is $96.70. The company has a market capitalization of $33.62 billion, a PE ratio of 7.70, a P/E/G ratio of 10.36 and a beta of 0.31. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.57 and a quick ratio of 0.57. Arch Capital Group has a 1-year low of $82.44 and a 1-year high of $107.08.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Tuesday, July 28th. The insurance provider reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.47 by $0.09. Arch Capital Group had a net margin of 24.40% and a return on equity of 17.06%. The company had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same period last year, the company posted $2.58 EPS. On average, equities analysts predict that Arch Capital Group will post 9.45 EPS for the current fiscal year.

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.