Arch Capital Group Ltd. (ACGL) Receives Consensus Recommendation of “Hold” from Brokerages

Arch Capital Group Ltd. (NASDAQ:ACGL) has received a consensus rating of “Hold” from the twelve analysts that are covering the company. Eight equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $89.33.

A number of research analysts have weighed in on the stock. Keefe, Bruyette & Woods set a $95.00 price target on shares of Arch Capital Group and gave the company a “hold” rating in a research report on Thursday, April 6th. Deutsche Bank AG lifted their price target on shares of Arch Capital Group from $78.00 to $87.00 and gave the company a “hold” rating in a research report on Thursday, March 30th. BMO Capital Markets lifted their price target on shares of Arch Capital Group to $102.00 and gave the company an “outperform” rating in a research report on Tuesday, February 28th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $98.00 price target on shares of Arch Capital Group in a research report on Wednesday, February 15th. Finally, Langen Mcalenn reaffirmed a “neutral” rating on shares of Arch Capital Group in a research report on Wednesday, January 18th.

In other news, SVP W Preston Hutchings sold 8,000 shares of Arch Capital Group stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $93.91, for a total transaction of $751,280.00. Following the sale, the senior vice president now owns 32,881 shares in the company, valued at $3,087,854.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Constantine Iordanou sold 60,000 shares of Arch Capital Group stock in a transaction on Friday, February 17th. The stock was sold at an average price of $93.58, for a total transaction of $5,614,800.00. Following the completion of the sale, the chief executive officer now owns 232,462 shares of the company’s stock, valued at approximately $21,753,793.96. The disclosure for this sale can be found here. Insiders have sold 115,081 shares of company stock worth $10,811,481 in the last quarter. Insiders own 6.30% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. State of Alaska Department of Revenue raised its stake in shares of Arch Capital Group by 198.3% in the first quarter. State of Alaska Department of Revenue now owns 26,986 shares of the insurance provider’s stock worth $2,556,000 after buying an additional 17,940 shares during the period. DnB Asset Management AS raised its stake in shares of Arch Capital Group by 18.9% in the first quarter. DnB Asset Management AS now owns 13,866 shares of the insurance provider’s stock worth $1,314,000 after buying an additional 2,200 shares during the period. Capstone Asset Management Co. raised its stake in shares of Arch Capital Group by 6.5% in the first quarter. Capstone Asset Management Co. now owns 3,298 shares of the insurance provider’s stock worth $313,000 after buying an additional 200 shares during the period. Creative Planning raised its stake in shares of Arch Capital Group by 0.6% in the first quarter. Creative Planning now owns 3,404 shares of the insurance provider’s stock worth $323,000 after buying an additional 19 shares during the period. Finally, UBS Asset Management Americas Inc. raised its stake in shares of Arch Capital Group by 1.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 531,540 shares of the insurance provider’s stock worth $45,867,000 after buying an additional 6,693 shares during the period. Institutional investors and hedge funds own 77.05% of the company’s stock.

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Arch Capital Group (NASDAQ:ACGL) traded down 0.02% during midday trading on Friday, reaching $95.13. The company had a trading volume of 299,197 shares. The company has a market capitalization of $11.52 billion, a price-to-earnings ratio of 17.85 and a beta of 0.60. The firm has a 50-day moving average price of $94.50 and a 200-day moving average price of $87.32. Arch Capital Group has a 52 week low of $67.50 and a 52 week high of $96.46.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Monday, February 13th. The insurance provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.16. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1 billion. Arch Capital Group had a net margin of 15.60% and a return on equity of 8.23%. During the same period in the previous year, the company posted $1.15 earnings per share. Analysts expect that Arch Capital Group will post $5.39 EPS for the current fiscal year.

Arch Capital Group Company Profile

Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.

5 Day Chart for NASDAQ:ACGL

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