Weiss Ratings Reiterates "Hold (C+)" Rating for Arch Capital Group (NASDAQ:ACGL)

Key Points

• Weiss Ratings has reiterated its "Hold (C+)" rating for Arch Capital Group (NASDAQ:ACGL), signaling a cautious stance on the stock's performance.
• Several analysts have mixed views on ACGL, with UBS Group maintaining a "buy" rating but lowering its target price, while Jefferies downgraded the stock from "buy" to "hold."
• Arch Capital reported earnings of $2.58 per share for the last quarter, surpassing expectations, and had a revenue of $4.35 billion, reflecting strong financial performance.

Arch Capital Group (NASDAQ:ACGL - Get Free Report)'s stock had its "hold (c+)" rating restated by Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Several other equities research analysts also recently commented on ACGL. UBS Group reissued a "buy" rating and issued a $118.00 target price (down from $124.00) on shares of Arch Capital Group in a report on Monday, August 4th. Cowen reaffirmed a "buy" rating on shares of Arch Capital Group in a research note on Monday, August 4th. Wolfe Research began coverage on shares of Arch Capital Group in a report on Monday, September 15th. They issued a "peer perform" rating on the stock. Keefe, Bruyette & Woods increased their price target on shares of Arch Capital Group from $102.00 to $103.00 and gave the company a "market perform" rating in a report on Thursday, August 14th. Finally, Jefferies Financial Group cut Arch Capital Group from a "buy" rating to a "hold" rating and cut their target price for the company from $106.00 to $100.00 in a research note on Tuesday, June 10th. Eight equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $110.07.

Arch Capital Group Stock Performance

Shares of ACGL stock traded down $1.00 during trading hours on Wednesday, hitting $93.10. 1,651,370 shares of the company were exchanged, compared to its average volume of 1,940,819. The stock has a market capitalization of $34.75 billion, a price-to-earnings ratio of 9.61, a P/E/G ratio of 5.58 and a beta of 0.47. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.16. The firm has a fifty day simple moving average of $90.27 and a 200 day simple moving average of $91.12. Arch Capital Group has a 52-week low of $82.49 and a 52-week high of $116.40.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its earnings results on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share for the quarter, beating analysts' consensus estimates of $2.30 by $0.28. Arch Capital Group had a net margin of 19.49% and a return on equity of 15.33%. The business had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same period last year, the firm posted $2.57 earnings per share. Research analysts predict that Arch Capital Group will post 8.42 earnings per share for the current fiscal year.

Insider Transactions at Arch Capital Group

In other news, insider Maamoun Rajeh sold 10,000 shares of the company's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $94.15, for a total transaction of $941,500.00. Following the completion of the transaction, the insider directly owned 433,589 shares of the company's stock, valued at approximately $40,822,404.35. This represents a 2.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.10% of the stock is owned by corporate insiders.

Institutional Trading of Arch Capital Group

Several hedge funds have recently modified their holdings of ACGL. Farther Finance Advisors LLC increased its stake in Arch Capital Group by 324.1% in the 1st quarter. Farther Finance Advisors LLC now owns 4,033 shares of the insurance provider's stock valued at $388,000 after purchasing an additional 3,082 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Arch Capital Group by 13.5% in the first quarter. GAMMA Investing LLC now owns 8,382 shares of the insurance provider's stock worth $806,000 after acquiring an additional 998 shares during the last quarter. Avanza Fonder AB purchased a new stake in Arch Capital Group during the first quarter valued at about $2,854,000. SG Americas Securities LLC lifted its stake in shares of Arch Capital Group by 977.2% during the first quarter. SG Americas Securities LLC now owns 94,526 shares of the insurance provider's stock worth $9,092,000 after purchasing an additional 85,751 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Arch Capital Group by 5.8% in the first quarter. Assenagon Asset Management S.A. now owns 36,507 shares of the insurance provider's stock valued at $3,511,000 after purchasing an additional 2,003 shares during the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

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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