Arch Capital Group (NASDAQ:ACGL) Lowered to "Hold" Rating by Jefferies Financial Group

Jefferies Financial Group cut shares of Arch Capital Group (NASDAQ:ACGL - Free Report) from a buy rating to a hold rating in a research note released on Tuesday morning, MarketBeat reports. They currently have $100.00 price objective on the insurance provider's stock, down from their previous price objective of $106.00.

A number of other analysts have also recently commented on the company. Royal Bank of Canada dropped their price objective on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. UBS Group lowered their target price on shares of Arch Capital Group from $127.00 to $124.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. JMP Securities reissued a "market outperform" rating and set a $125.00 price target on shares of Arch Capital Group in a research note on Wednesday, April 30th. Barclays decreased their price objective on Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating on the stock in a report on Friday, April 11th. Finally, Wells Fargo & Company upped their target price on Arch Capital Group from $106.00 to $108.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $114.63.

Arch Capital Group Price Performance

ACGL stock traded down $0.38 during midday trading on Tuesday, hitting $89.39. 2,482,760 shares of the stock were exchanged, compared to its average volume of 1,692,939. The stock's 50-day moving average price is $92.38 and its 200-day moving average price is $92.87. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. The stock has a market cap of $33.50 billion, a price-to-earnings ratio of 7.98, a PEG ratio of 2.31 and a beta of 0.53. Arch Capital Group has a fifty-two week low of $82.49 and a fifty-two week high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.05). The firm 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 17.96% and a net margin of 24.73%. The company's quarterly revenue was up 10.5% compared to the same quarter last year. During the same period last year, the firm earned $2.45 EPS. Research analysts predict that Arch Capital Group will post 8.42 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Nicolas Papadopoulo sold 7,636 shares of the stock in a transaction that occurred 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 now directly owns 795,718 shares in the company, valued at approximately $73,588,000.64. This represents a 0.95% decrease in their position. The transaction was disclosed in a filing with the SEC, 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 stock was sold at an average price of $94.58, for a total transaction of $1,194,545.40. Following the completion of the sale, the chief financial officer now owns 274,681 shares of the company's stock, valued at approximately $25,979,328.98. This trade represents a 4.40% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 111,976 shares of company stock valued at $10,531,038. Corporate insiders own 4.20% of the company's stock.

Institutional Investors Weigh In On Arch Capital Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Golden State Wealth Management LLC acquired a new stake in shares of Arch Capital Group during the 4th quarter valued at approximately $42,000. Empowered Funds LLC lifted its position in Arch Capital Group by 124.0% in the 4th quarter. Empowered Funds LLC now owns 28,756 shares of the insurance provider's stock valued at $2,656,000 after purchasing an additional 15,917 shares during the last quarter. Savant Capital LLC boosted its stake in Arch Capital Group by 14.5% during the 4th quarter. Savant Capital LLC now owns 14,102 shares of the insurance provider's stock valued at $1,302,000 after purchasing an additional 1,790 shares during the period. Summit Trail Advisors LLC grew its position in Arch Capital Group by 76.2% in the 4th quarter. Summit Trail Advisors LLC now owns 22,486 shares of the insurance provider's stock worth $2,077,000 after purchasing an additional 9,723 shares during the last quarter. Finally, Axecap Investments LLC increased its stake in shares of Arch Capital Group by 24.4% in the fourth quarter. Axecap Investments LLC now owns 35,746 shares of the insurance provider's stock valued at $3,301,000 after purchasing an additional 7,005 shares during the period. Institutional investors own 89.07% of the company's stock.

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.