StockNews.com Lowers Arch Capital Group (NASDAQ:ACGL) to Hold

Arch Capital Group (NASDAQ:ACGL) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

Several other research firms have also recently weighed in on ACGL. Bank of America raised their price target on Arch Capital Group from $109.00 to $119.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Evercore ISI raised their price objective on Arch Capital Group from $98.00 to $100.00 and gave the company an “in-line” rating in a report on Tuesday, April 30th. JPMorgan Chase & Co. raised their price objective on Arch Capital Group from $88.00 to $92.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Wells Fargo & Company raised their price objective on Arch Capital Group from $109.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Finally, Roth Mkm reissued a “buy” rating and set a $110.00 price objective on shares of Arch Capital Group in a report on Tuesday, April 30th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Arch Capital Group has a consensus rating of “Moderate Buy” and a consensus price target of $101.33.

Arch Capital Group Stock Down 2.3 %

NASDAQ ACGL traded down $2.38 on Wednesday, reaching $99.77. The company had a trading volume of 1,370,630 shares, compared to its average volume of 1,726,149. The stock has a market capitalization of $37.46 billion, a P/E ratio of 7.87, a P/E/G ratio of 1.75 and a beta of 0.60. The company’s fifty day moving average is $98.72 and its 200 day moving average is $89.11. Arch Capital Group has a 52-week low of $70.53 and a 52-week high of $103.79. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.17.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Monday, April 29th. The insurance provider reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.06 by $0.39. The firm had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $3.77 billion. Arch Capital Group had a return on equity of 21.85% and a net margin of 33.65%. The business’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.73 EPS. Sell-side analysts anticipate that Arch Capital Group will post 8.55 earnings per share for the current fiscal year.

Insider Transactions at Arch Capital Group

In related news, CEO David Gansberg sold 10,000 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $96.64, for a total transaction of $966,400.00. Following the completion of the sale, the chief executive officer now owns 228,035 shares in the company, valued at $22,037,302.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On Arch Capital Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ACGL. Householder Group Estate & Retirement Specialist LLC purchased a new position in Arch Capital Group during the 4th quarter worth $27,000. Larson Financial Group LLC purchased a new position in Arch Capital Group during the 4th quarter worth $30,000. LRI Investments LLC purchased a new position in Arch Capital Group during the 1st quarter worth $40,000. Richardson Financial Services Inc. purchased a new position in Arch Capital Group during the 4th quarter worth $33,000. Finally, Indiana Trust & Investment Management CO purchased a new position in Arch Capital Group during the 1st quarter worth $58,000. 89.07% of the stock is owned by institutional investors.

Arch Capital Group Company Profile

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; 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.