Arch Capital Group Ltd. (NASDAQ:ACGL) Given Consensus Rating of "Moderate Buy" by Analysts

Arch Capital Group Ltd. (NASDAQ:ACGL - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the fifteen research firms that are covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $113.60.

A number of analysts recently commented on the company. Wells Fargo & Company lifted their price objective on Arch Capital Group from $108.00 to $110.00 and gave the stock an "overweight" rating in a research report on Thursday. Jefferies Financial Group cut Arch Capital Group from a "buy" rating to a "hold" rating and dropped their price target for the company from $106.00 to $100.00 in a research note on Tuesday, June 10th. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $101.00 price target (down previously from $113.00) on shares of Arch Capital Group in a research note on Wednesday. UBS Group increased their target price on Arch Capital Group to $124.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. Finally, JPMorgan Chase & Co. upped their price objective on Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th.

Arch Capital Group Trading Up 0.7%

Shares of ACGL stock opened at $88.56 on Friday. Arch Capital Group has a 12 month low of $82.49 and a 12 month high of $116.47. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.16. The business's 50 day moving average is $92.05 and its two-hundred day moving average is $92.06. The company has a market cap of $33.19 billion, a PE ratio of 9.07, a price-to-earnings-growth ratio of 6.08 and a beta of 0.51.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share for the quarter, missing analysts' consensus estimates of $1.59 by ($0.05). The business had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.75 billion. Arch Capital Group had a return on equity of 15.79% and a net margin of 20.72%. The firm's quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.45 EPS. Equities analysts predict that Arch Capital Group will post 8.42 EPS for the current year.

Insider Buying and Selling

In other Arch Capital Group news, CEO Nicolas Papadopoulo sold 7,636 shares of Arch Capital Group stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $92.48, for a total transaction of $706,177.28. Following the completion of the transaction, the chief executive officer owned 795,718 shares in the company, valued at approximately $73,588,000.64. The trade was a 0.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Francois Morin sold 12,630 shares of Arch Capital Group stock in a transaction on Friday, May 16th. The shares were sold at an average price of $94.58, for a total value of $1,194,545.40. Following the transaction, the chief financial officer owned 274,681 shares of the company's stock, valued at $25,979,328.98. The trade was a 4.40% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 111,976 shares of company stock valued at $10,531,038. 4.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ACGL. Wealth Enhancement Advisory Services LLC increased its position in Arch Capital Group by 31.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 95,184 shares of the insurance provider's stock worth $8,489,000 after buying an additional 23,028 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Arch Capital Group by 4.1% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 140,500 shares of the insurance provider's stock worth $12,793,000 after acquiring an additional 5,500 shares during the period. Wedmont Private Capital boosted its stake in shares of Arch Capital Group by 23.9% in the second quarter. Wedmont Private Capital now owns 8,174 shares of the insurance provider's stock worth $719,000 after acquiring an additional 1,578 shares during the period. Swedbank AB boosted its stake in shares of Arch Capital Group by 24.8% in the second quarter. Swedbank AB now owns 1,697,786 shares of the insurance provider's stock worth $154,583,000 after acquiring an additional 336,956 shares during the period. Finally, Sivia Capital Partners LLC bought a new position in shares of Arch Capital Group in the second quarter worth about $253,000. Hedge funds and other institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.