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

Key Points

• Analysts have a consensus “Hold” rating on Arch Capital Group, with seven buy ratings, seven holds and one sell recommendation. The average 12-month price target is $111.11.
• Arch Capital’s latest quarterly results beat expectations, reporting $2.56 in EPS versus the $2.47 consensus estimate and revenue of $4.67 billion against expectations of $4.36 billion.
• The stock opened at $95.71, down 2.4%, while CFO Francois Morin sold approximately $1.09 million worth of shares; institutional investors collectively own 89.07% of the company.

Arch Capital Group Ltd. (NASDAQ:ACGL - Get Free Report) has received an average rating of "Hold" from the fifteen analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $111.1071.

A number of equities analysts recently issued reports on ACGL shares. Atlantic Securities set a $126.00 price target on Arch Capital Group in a report on Wednesday, July 15th. Wells Fargo & Company raised their price objective on shares of Arch Capital Group from $114.00 to $117.00 and gave the stock an "overweight" rating in a report on Thursday, July 30th. Royal Bank Of Canada restated an "outperform" rating and set a $120.00 price objective (up from $115.00) on shares of Arch Capital Group in a research report on Thursday, July 30th. Morgan Stanley upped their target price on shares of Arch Capital Group from $105.00 to $110.00 and gave the company an "overweight" rating in a report on Monday, July 6th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Arch Capital Group in a research report on Thursday, August 13th.

Arch Capital Group Stock Down 2.4%

Shares of NASDAQ ACGL opened at $95.71 on Wednesday. The company has a market capitalization of $32.66 billion, a price-to-earnings ratio of 7.48, a price-to-earnings-growth ratio of 4.83 and a beta of 0.30. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.57 and a quick ratio of 0.57. The business has a 50-day moving average of $100.13 and a two-hundred day moving average of $96.75. Arch Capital Group has a 1 year low of $82.44 and a 1 year high of $107.08.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The insurance provider reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.09. Arch Capital Group had a return on equity of 17.06% and a net margin of 24.40%.The business had revenue of $4.67 billion during the quarter, compared to analysts' expectations of $4.36 billion. During the same period in the prior year, the firm posted $2.58 EPS. On average, analysts forecast that Arch Capital Group will post 9.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Arch Capital Group news, CFO Francois Morin sold 11,010 shares of the company's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $99.32, for a total value of $1,093,513.20. Following the completion of the transaction, the chief financial officer owned 184,826 shares in the company, valued at $18,356,918.32. This represents a 5.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.30% of the stock is currently owned by company insiders.

Institutional Trading of Arch Capital Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Elyxium Wealth LLC acquired a new stake in shares of Arch Capital Group in the 4th quarter valued at about $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 buying an additional 238 shares during the period. Torren Management LLC lifted its stake in Arch Capital Group by 66.9% in the second quarter. Torren Management LLC now owns 292 shares of the insurance provider's stock valued at $28,000 after buying an additional 117 shares during the last quarter. JPL Wealth Management LLC purchased a new stake in Arch Capital Group in the third quarter valued at approximately $28,000. Finally, Zions Bancorporation National Association UT boosted its holdings in shares of Arch Capital Group by 390.9% in the fourth quarter. Zions Bancorporation National Association UT now owns 324 shares of the insurance provider's stock valued at $31,000 after acquiring an additional 258 shares during the period. Institutional investors and hedge funds own 89.07% of the company's stock.

Arch Capital Group Company Profile

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.

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