Arch Capital Group Ltd. (NASDAQ:ACGL – Get Rating) has earned a consensus rating of "Moderate Buy" from the nine analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $53.38.
Several brokerages recently weighed in on ACGL. StockNews.com raised Arch Capital Group from a "hold" rating to a "buy" rating in a research note on Wednesday. Barclays reduced their price target on Arch Capital Group from $54.00 to $52.00 and set an "overweight" rating on the stock in a research note on Thursday, July 14th.
Get Arch Capital Group alerts:Insider Transactions at Arch Capital Group
In related news, insider Louis T. Petrillo sold 7,638 shares of the stock in a transaction on Monday, August 15th. The stock was sold at an average price of $46.68, for a total transaction of $356,541.84. Following the sale, the insider now directly owns 121,297 shares of the company's stock, valued at $5,662,143.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Louis T. Petrillo sold 7,638 shares of the stock in a transaction on Monday, August 15th. The stock was sold at an average price of $46.68, for a total transaction of $356,541.84. Following the sale, the insider now directly owns 121,297 shares of the company's stock, valued at $5,662,143.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Louis T. Petrillo sold 16,023 shares of the stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $45.83, for a total value of $734,334.09. Following the sale, the insider now directly owns 105,274 shares in the company, valued at $4,824,707.42. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,546 shares of company stock valued at $1,883,120. Insiders own 4.20% of the company's stock.
Institutional Investors Weigh In On Arch Capital Group
Several institutional investors have recently modified their holdings of the business. Artisan Partners Limited Partnership lifted its holdings in Arch Capital Group by 0.3% in the second quarter. Artisan Partners Limited Partnership now owns 34,906,858 shares of the insurance provider's stock valued at $1,587,913,000 after acquiring an additional 112,701 shares during the period. Vanguard Group Inc. lifted its holdings in Arch Capital Group by 2.5% in the first quarter. Vanguard Group Inc. now owns 34,253,429 shares of the insurance provider's stock valued at $1,658,551,000 after acquiring an additional 846,179 shares during the period. BlackRock Inc. lifted its holdings in Arch Capital Group by 1.4% in the first quarter. BlackRock Inc. now owns 18,280,190 shares of the insurance provider's stock valued at $885,128,000 after acquiring an additional 256,541 shares during the period. Marshfield Associates lifted its holdings in Arch Capital Group by 1.1% in the fourth quarter. Marshfield Associates now owns 5,798,439 shares of the insurance provider's stock valued at $257,741,000 after acquiring an additional 60,984 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Arch Capital Group by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 5,628,824 shares of the insurance provider's stock valued at $250,014,000 after acquiring an additional 126,387 shares during the period. 87.61% 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 $43.10 on Tuesday. 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 $15.91 billion, a PE ratio of 10.56, a P/E/G ratio of 0.95 and a beta of 0.73. The business has a 50 day moving average of $45.46 and a 200 day moving average of $45.97. Arch Capital Group has a 52 week low of $37.44 and a 52 week high of $50.73.
Arch Capital Group (NASDAQ:ACGL – Get Rating) last issued its quarterly earnings results on Wednesday, July 27th. The insurance provider reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.25. The company had revenue of $2.68 billion for the quarter, compared to analysts' expectations of $2.51 billion. Arch Capital Group had a return on equity of 14.45% and a net margin of 19.06%. The firm's revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.00 earnings per share. As a group, equities research analysts forecast that Arch Capital Group will post 4.64 earnings per share for the current year.
Arch Capital Group Company Profile
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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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