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

Arch Capital Group (NASDAQ:ACGL) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Thursday.

A number of other analysts have also commented on ACGL. Royal Bank of Canada boosted their target price on Arch Capital Group from $108.00 to $112.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Evercore ISI boosted their target price on Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a research report on Wednesday, October 9th. Wells Fargo & Company boosted their price objective on Arch Capital Group from $110.00 to $126.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Bank of America boosted their price objective on Arch Capital Group from $119.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, JMP Securities boosted their price objective on Arch Capital Group from $115.00 to $125.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 15th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $119.53.

Arch Capital Group Stock Down 0.7 %

Shares of ACGL opened at $107.00 on Thursday. The stock’s 50-day moving average price is $110.46 and its two-hundred day moving average price is $102.17. Arch Capital Group has a 12 month low of $72.85 and a 12 month high of $116.47. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $40.18 billion, a PE ratio of 8.45, a PEG ratio of 2.01 and a beta of 0.59.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.36. Arch Capital Group had a return on equity of 21.42% and a net margin of 35.19%. The firm had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same period last year, the company posted $1.92 EPS. The business’s quarterly revenue was up 10.3% on a year-over-year basis. On average, analysts anticipate that Arch Capital Group will post 9.06 EPS for the current year.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $102.46, for a total value of $1,174,191.60. Following the completion of the sale, the chief financial officer now directly owns 221,779 shares in the company, valued at $22,723,476.34. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. UMB Bank n.a. purchased a new position in Arch Capital Group during the 2nd quarter valued at $30,000. Baldwin Brothers LLC MA raised its position in shares of Arch Capital Group by 50.7% in the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 104 shares in the last quarter. Rothschild Investment LLC bought a new position in shares of Arch Capital Group in the 2nd quarter worth $35,000. LRI Investments LLC bought a new position in shares of Arch Capital Group in the 1st quarter worth $40,000. Finally, Compagnie Lombard Odier SCmA bought a new position in shares of Arch Capital Group in the 3rd quarter worth $46,000. 89.07% of the stock is owned by hedge funds and other 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.