Arch Capital Group Ltd. (NASDAQ:ACGL) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Arch Capital Group Ltd. has received a consensus rating of "Hold" from seventeen research firms, with one sell, eight holds, and eight buy recommendations.
• The average twelve-month price target set by brokers for Arch Capital Group is $108.71.
• Insider transaction activity includes Maamoun Rajeh selling 10,000 shares for approximately $941,500, decreasing their ownership by 2.25%.

Arch Capital Group Ltd. (NASDAQ:ACGL - Get Free Report) has been assigned a consensus rating of "Hold" from the seventeen research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $108.7143.

A number of brokerages recently commented on ACGL. Cantor Fitzgerald upgraded Arch Capital Group to a "hold" rating in a report on Wednesday, August 13th. Wolfe Research initiated coverage on Arch Capital Group in a research note on Monday, September 15th. They issued a "peer perform" rating on the stock. The Goldman Sachs Group set a $88.00 price target on Arch Capital Group and gave the stock a "sell" rating in a research note on Tuesday. UBS Group reaffirmed a "buy" rating and issued a $118.00 price target (down from $124.00) on shares of Arch Capital Group in a research note on Monday, August 4th. Finally, Citigroup initiated coverage on Arch Capital Group in a research note on Wednesday, August 13th. They issued a "buy" rating and a $113.00 price target on the stock.

Insiders Place Their Bets

In related news, insider Maamoun Rajeh sold 10,000 shares of the company's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $94.15, for a total value of $941,500.00. Following the sale, the insider directly owned 433,589 shares of the company's stock, valued at $40,822,404.35. This represents a 2.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Arch Capital Group

Institutional investors have recently modified their holdings of the stock. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of Arch Capital Group in the first quarter worth $27,000. Meeder Asset Management Inc. grew its stake in shares of Arch Capital Group by 116.3% in the first quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider's stock worth $27,000 after acquiring an additional 150 shares during the last quarter. Wayfinding Financial LLC purchased a new stake in shares of Arch Capital Group in the first quarter worth $31,000. Zions Bancorporation National Association UT purchased a new stake in shares of Arch Capital Group in the first quarter worth $37,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of Arch Capital Group by 3,450.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 426 shares of the insurance provider's stock worth $39,000 after acquiring an additional 414 shares during the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Price Performance

Shares of Arch Capital Group stock opened at $86.51 on Friday. 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 company has a market cap of $32.29 billion, a PE ratio of 8.93, a P/E/G ratio of 5.01 and a beta of 0.47. The business has a 50 day moving average of $90.67 and a 200 day moving average of $90.84. Arch Capital Group has a 52 week low of $82.49 and a 52 week high of $109.61.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its earnings results on Tuesday, July 29th. The insurance provider reported $2.58 EPS for the quarter, beating analysts' consensus estimates of $2.30 by $0.28. The company had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.29 billion. Arch Capital Group had a return on equity of 15.33% and a net margin of 19.49%.During the same quarter in the prior year, the company earned $2.57 earnings per share. As a group, equities research analysts forecast that Arch Capital Group will post 8.42 earnings per share for the current year.

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.

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