Arch Capital Group Ltd. (NASDAQ:ACGL) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Shares of Arch Capital Group have an average analyst recommendation of "Hold" from 17 brokerages (1 sell, 8 hold, 8 buy) with a 12‑month average price target of $106.32.
• Notable insider activity: CEO Nicolas Papadopoulo sold 21,930 shares for about $2.11M at an average of $96.31 (reducing his stake ~2.45%), while director Daniel Houston bought 5,300 shares at $94.08; insiders sold 78,267 shares (~$7.29M) in the past 90 days and own 3.30% of the stock.
• Key valuation and results: ACGL opened at $94.76 with a market cap of $33.76B, a P/E of 7.28, last quarter EPS of $2.50, analyst FY EPS estimate of 9.32, and a 52‑week range of $82.44–$103.39.

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Get Free Report) have been assigned an average recommendation of "Hold" from the seventeen brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $106.3214.

Several analysts have issued reports on ACGL shares. Weiss Ratings raised shares of Arch Capital Group from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, February 4th. Morgan Stanley set a $105.00 price target on shares of Arch Capital Group in a report on Friday, May 1st. Keefe, Bruyette & Woods reduced their price target on shares of Arch Capital Group from $105.00 to $102.00 and set a "market perform" rating on the stock in a report on Tuesday. UBS Group reaffirmed a "buy" rating and issued a $114.00 price target (up from $113.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Finally, The Goldman Sachs Group reaffirmed a "sell" rating and issued a $93.00 price target (up from $84.00) on shares of Arch Capital Group in a report on Wednesday, January 7th.

Insider Buying and Selling at Arch Capital Group

In related news, CEO Nicolas Papadopoulo sold 21,930 shares of the company's stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $96.31, for a total transaction of $2,112,078.30. Following the transaction, the chief executive officer owned 871,594 shares of the company's stock, valued at approximately $83,943,218.14. This represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Daniel Joseph Houston acquired 5,300 shares of Arch Capital Group stock in a transaction that occurred on Thursday, April 30th. The shares were purchased at an average cost of $94.08 per share, for a total transaction of $498,624.00. Following the purchase, the director directly owned 9,915 shares of the company's stock, valued at approximately $932,803.20. This trade represents a 114.84% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have sold 78,267 shares of company stock valued at $7,291,637. 3.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Arch Capital Group

Several institutional investors and hedge funds have recently modified their holdings of ACGL. Elyxium Wealth LLC purchased a new position in shares of Arch Capital Group during the fourth quarter valued at approximately $27,000. WealthCollab LLC increased its position in Arch Capital Group by 410.3% during the third quarter. WealthCollab LLC now owns 296 shares of the insurance provider's stock worth $27,000 after purchasing an additional 238 shares during the last quarter. JPL Wealth Management LLC acquired a new position in Arch Capital Group during the third quarter worth approximately $28,000. Grove Bank & Trust acquired a new position in Arch Capital Group during the fourth quarter worth approximately $30,000. Finally, Aventura Private Wealth LLC acquired a new position in Arch Capital Group during the fourth quarter worth approximately $30,000. Hedge funds and other institutional investors own 89.07% of the company's stock.

Arch Capital Group Stock Up 0.7%

ACGL stock opened at $94.76 on Thursday. The company has a market cap of $33.76 billion, a P/E ratio of 7.28, a P/E/G ratio of 5.15 and a beta of 0.35. Arch Capital Group has a 52 week low of $82.44 and a 52 week high of $103.39. The company's 50-day moving average price is $96.21 and its 200 day moving average price is $94.33. The company has a current ratio of 0.55, a quick ratio of 0.53 and a debt-to-equity ratio of 0.15.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. The firm had revenue of $4.52 billion for the quarter. On average, research analysts expect that Arch Capital Group will post 9.32 earnings per share for the current fiscal year.

About Arch Capital Group

Arch Capital Group Ltd. NASDAQ: ACGL is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch's product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.