Arch Capital Group Ltd. (NASDAQ:ACGL) has been given an average rating of “Hold” by the twelve research firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, six have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $29.60.
ACGL has been the topic of several research analyst reports. BidaskClub cut shares of Arch Capital Group from a “hold” rating to a “sell” rating in a research report on Thursday, September 13th. Zacks Investment Research cut shares of Arch Capital Group from a “buy” rating to a “hold” rating in a report on Friday, October 5th. Morgan Stanley set a $22.00 target price on shares of Arch Capital Group and gave the stock a “hold” rating in a report on Wednesday, November 14th. Finally, Wells Fargo & Co reissued a “hold” rating and issued a $30.00 target price on shares of Arch Capital Group in a report on Wednesday, October 31st.
Shares of Arch Capital Group stock traded down $0.44 during trading hours on Friday, hitting $26.68. 36,380 shares of the company’s stock traded hands, compared to its average volume of 1,071,312. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.53 and a quick ratio of 0.53. The company has a market capitalization of $10.83 billion, a PE ratio of 24.64, a P/E/G ratio of 1.00 and a beta of 0.68. Arch Capital Group has a twelve month low of $24.79 and a twelve month high of $31.59.
Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Tuesday, October 30th. The insurance provider reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.07. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.19 billion. Arch Capital Group had a return on equity of 10.30% and a net margin of 15.15%. The company’s revenue was up .6% on a year-over-year basis. During the same period last year, the firm earned ($0.13) earnings per share. On average, equities analysts expect that Arch Capital Group will post 2.18 earnings per share for the current fiscal year.
In other Arch Capital Group news, CEO Andrew Rippert sold 3,593 shares of Arch Capital Group stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $27.83, for a total value of $99,993.19. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Yiorgos Lillikas sold 2,000 shares of Arch Capital Group stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $28.49, for a total transaction of $56,980.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,593 shares of company stock worth $353,393. Corporate insiders own 5.10% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. Standard Life Aberdeen plc boosted its position in Arch Capital Group by 1.5% in the third quarter. Standard Life Aberdeen plc now owns 94,448 shares of the insurance provider’s stock valued at $2,816,000 after buying an additional 1,373 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Arch Capital Group by 24.4% in the 3rd quarter. Marshall Wace LLP now owns 1,900,700 shares of the insurance provider’s stock worth $56,660,000 after purchasing an additional 372,742 shares during the period. Vanguard Group Inc lifted its position in shares of Arch Capital Group by 0.4% in the 3rd quarter. Vanguard Group Inc now owns 33,874,589 shares of the insurance provider’s stock worth $1,009,802,000 after purchasing an additional 144,152 shares during the period. Morgan Stanley increased its stake in shares of Arch Capital Group by 62.0% in the 3rd quarter. Morgan Stanley now owns 1,197,234 shares of the insurance provider’s stock valued at $35,690,000 after acquiring an additional 458,034 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Arch Capital Group by 8.1% in the 3rd quarter. Legal & General Group Plc now owns 2,303,601 shares of the insurance provider’s stock valued at $68,626,000 after acquiring an additional 171,958 shares in the last quarter. Hedge funds and other institutional investors own 80.61% of the company’s stock.
About Arch Capital Group
Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; 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.
Featured Story: Investing strategies using the yield curve
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.