Arch Capital Group Ltd. (NASDAQ:ACGL – Get Rating) traded up 2.3% during trading on Thursday . The company traded as high as $45.56 and last traded at $45.48. 42,956 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 1,295,278 shares. The stock had previously closed at $44.47.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on the company. StockNews.com raised Arch Capital Group from a "hold" rating to a "buy" rating in a research note on Wednesday, September 21st. Barclays lowered their price target on Arch Capital Group from $54.00 to $52.00 and set an "overweight" rating on the stock in a report on Thursday, July 14th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, Arch Capital Group has an average rating of "Moderate Buy" and an average price target of $53.38.
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Arch Capital Group Stock Performance
The business has a fifty day simple moving average of $45.43 and a two-hundred day simple moving average of $45.92. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.26. The company has a market cap of $16.92 billion, a P/E ratio of 10.90, a P/E/G ratio of 0.93 and a beta of 0.73.
Arch Capital Group (NASDAQ:ACGL – Get Rating) last posted its earnings results on Wednesday, July 27th. The insurance provider reported $1.34 earnings per share for the quarter, beating analysts' consensus estimates of $1.09 by $0.25. Arch Capital Group had a return on equity of 14.45% and a net
margin of 19.06%. The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter in the prior year, the company earned $1.00 earnings per share. Arch Capital Group's revenue was up 11.9% on a year-over-year basis. On average, sell-side analysts anticipate that Arch Capital Group Ltd. will post 4.64 EPS for the current year.
Insider Buying and Selling at Arch Capital Group
In other Arch Capital Group news, CFO Francois Morin sold 16,885 shares of the stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $46.92, for a total value of $792,244.20. Following the transaction, the chief financial officer now owns 193,259 shares of the company's stock, valued at $9,067,712.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Francois Morin sold 16,885 shares of the firm's stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $46.92, for a total value of $792,244.20. Following the transaction, the chief financial officer now owns 193,259 shares of the company's stock, valued at $9,067,712.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Louis T. Petrillo sold 7,638 shares of the firm's stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $46.68, for a total value of $356,541.84. Following the completion of the transaction, the insider now directly owns 121,297 shares in the company, valued at approximately $5,662,143.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,546 shares of company stock valued at $1,883,120. 4.20% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in ACGL. Riverview Trust Co bought a new position in shares of Arch Capital Group in the first quarter worth about $27,000. James Investment Research Inc. bought a new position in shares of Arch Capital Group in the second quarter worth about $34,000. Heritage Wealth Management LLC purchased a new stake in shares of Arch Capital Group during the second quarter worth about $34,000. Private Trust Co. NA purchased a new stake in shares of Arch Capital Group during the second quarter worth about $36,000. Finally, CoreCap Advisors LLC purchased a new stake in shares of Arch Capital Group during the second quarter worth about $42,000. Institutional investors own 87.61% of the company's stock.
About Arch Capital Group
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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; collateral protection, debt cancellation, and service contract reimbursement products; 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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