BidaskClub lowered shares of Arch Capital Group (NASDAQ:ACGL) from a buy rating to a hold rating in a research note released on Friday, August 31st.

ACGL has been the topic of several other reports. Wells Fargo & Co reissued a hold rating on shares of Arch Capital Group in a research note on Monday, May 14th. Zacks Investment Research raised Arch Capital Group from a hold rating to a buy rating and set a $32.00 target price on the stock in a research note on Tuesday, July 17th. Bank of America boosted their target price on Arch Capital Group from $28.00 to $30.00 and gave the company an underperform rating in a research note on Wednesday, August 1st. Credit Suisse Group initiated coverage on Arch Capital Group in a research note on Tuesday, August 7th. They set a neutral rating and a $34.00 target price on the stock. Finally, Royal Bank of Canada reissued a buy rating on shares of Arch Capital Group in a research note on Thursday, August 2nd. Three research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $19.15.

Arch Capital Group stock traded up $0.05 during trading hours on Friday, reaching $30.40. The company had a trading volume of 1,559,343 shares, compared to its average volume of 774,847. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market capitalization of $12.16 billion, a P/E ratio of 28.41, a price-to-earnings-growth ratio of 1.22 and a beta of 0.68. Arch Capital Group has a 12-month low of $25.71 and a 12-month high of $34.20.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Tuesday, July 31st. The insurance provider reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.06. Arch Capital Group had a return on equity of 6.86% and a net margin of 10.47%. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the previous year, the firm earned $1.21 EPS. sell-side analysts expect that Arch Capital Group will post 2.23 earnings per share for the current fiscal year.

In related news, SVP W Preston Hutchings sold 15,000 shares of Arch Capital Group stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $30.00, for a total transaction of $450,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John D. Vollaro sold 10,500 shares of Arch Capital Group stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $30.06, for a total value of $315,630.00. The disclosure for this sale can be found here. Insiders own 5.10% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ACGL. Global X Management Co. LLC grew its position in shares of Arch Capital Group by 105.9% in the first quarter. Global X Management Co. LLC now owns 17,171 shares of the insurance provider’s stock valued at $1,470,000 after purchasing an additional 8,830 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Arch Capital Group by 13.4% in the first quarter. Wells Fargo & Company MN now owns 3,228,015 shares of the insurance provider’s stock valued at $276,285,000 after acquiring an additional 380,299 shares during the last quarter. Dupont Capital Management Corp lifted its holdings in Arch Capital Group by 33.3% in the first quarter. Dupont Capital Management Corp now owns 12,213 shares of the insurance provider’s stock valued at $1,045,000 after acquiring an additional 3,049 shares during the last quarter. Greenleaf Trust lifted its holdings in Arch Capital Group by 13.0% in the first quarter. Greenleaf Trust now owns 38,559 shares of the insurance provider’s stock valued at $3,300,000 after acquiring an additional 4,428 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in Arch Capital Group by 37.1% in the first quarter. SG Americas Securities LLC now owns 15,323 shares of the insurance provider’s stock valued at $1,311,000 after acquiring an additional 4,147 shares during the last quarter. Institutional investors own 80.58% of the company’s stock.

Arch Capital Group Company Profile

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.

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Analyst Recommendations for Arch Capital Group (NASDAQ:ACGL)

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