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

StockNews.com lowered shares of Arch Capital Group (NASDAQ:ACGL) from a buy rating to a hold rating in a research note issued to investors on Wednesday.

A number of other research firms also recently commented on ACGL. Bank of America raised their price objective on Arch Capital Group from $109.00 to $119.00 and gave the stock a buy rating in a report on Tuesday, June 4th. Roth Mkm restated a buy rating and issued a $110.00 price objective on shares of Arch Capital Group in a report on Tuesday, April 30th. JMP Securities increased their target price on Arch Capital Group from $100.00 to $110.00 and gave the company a market outperform rating in a research note on Tuesday, April 30th. Deutsche Bank Aktiengesellschaft boosted their price target on Arch Capital Group from $103.00 to $110.00 and gave the stock a buy rating in a research report on Tuesday, April 30th. Finally, Evercore ISI increased their price objective on shares of Arch Capital Group from $98.00 to $100.00 and gave the company an in-line rating in a research report on Tuesday, April 30th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Arch Capital Group has a consensus rating of Moderate Buy and an average price target of $101.33.

Arch Capital Group Stock Performance

NASDAQ ACGL opened at $99.77 on Wednesday. The business’s 50-day moving average price is $98.72 and its 200 day moving average price is $89.11. Arch Capital Group has a twelve month low of $70.53 and a twelve month high of $103.79. The company has a market capitalization of $37.46 billion, a PE ratio of 7.87, a price-to-earnings-growth ratio of 1.75 and a beta of 0.60. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.17.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Monday, April 29th. The insurance provider reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.39. The company had revenue of $4.09 billion for 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 company’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period last year, the business posted $1.73 EPS. On average, research analysts predict that Arch Capital Group will post 8.55 earnings per share for the current year.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, CEO David Gansberg sold 10,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 228,035 shares in the company, valued at $22,037,302.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 4.20% of the stock is currently owned by insiders.

Institutional Trading of Arch Capital Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Arch Capital Group by 0.3% during the first quarter. Vanguard Group Inc. now owns 40,858,890 shares of the insurance provider’s stock valued at $3,776,996,000 after buying an additional 104,008 shares in the last quarter. Capital World Investors raised its position in shares of Arch Capital Group by 0.6% during the 4th quarter. Capital World Investors now owns 10,611,092 shares of the insurance provider’s stock worth $788,086,000 after purchasing an additional 58,862 shares during the period. Principal Financial Group Inc. raised its position in shares of Arch Capital Group by 11.4% during the 1st quarter. Principal Financial Group Inc. now owns 6,800,236 shares of the insurance provider’s stock worth $628,614,000 after purchasing an additional 693,608 shares during the period. Davis Asset Management L.P. raised its position in shares of Arch Capital Group by 441.7% during the 4th quarter. Davis Asset Management L.P. now owns 6,500,000 shares of the insurance provider’s stock worth $482,755,000 after purchasing an additional 5,300,000 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Arch Capital Group by 1.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,907,122 shares of the insurance provider’s stock worth $546,054,000 after purchasing an additional 99,329 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

About Arch Capital Group

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.