Arch Capital Group (NASDAQ:ACGL) Rating Lowered to Hold at StockNews.com

Arch Capital Group (NASDAQ:ACGL) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

ACGL has been the subject of several other research reports. Keefe, Bruyette & Woods increased their price target on Arch Capital Group from $120.00 to $121.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. TD Cowen lifted their price objective on Arch Capital Group from $116.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Jefferies Financial Group lifted their price objective on Arch Capital Group from $114.00 to $134.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. JMP Securities lifted their price objective on Arch Capital Group from $115.00 to $125.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 15th. Finally, Barclays assumed coverage on Arch Capital Group in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $120.00 target price on the stock. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $119.53.

Arch Capital Group Stock Down 0.7 %

Shares of ACGL opened at $107.00 on Thursday. Arch Capital Group has a 52 week low of $72.85 and a 52 week high of $116.47. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $40.18 billion, a price-to-earnings ratio of 8.45, a PEG ratio of 2.01 and a beta of 0.59. The stock’s 50-day moving average price is $110.46 and its 200-day moving average price is $102.17.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.36. The company had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.89 billion. Arch Capital Group had a return on equity of 21.42% and a net margin of 35.19%. Arch Capital Group’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.92 earnings per share. On average, sell-side analysts predict that Arch Capital Group will post 9.06 EPS for the current year.

Insider Buying and Selling

In related news, CFO Francois Morin sold 11,460 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $102.46, for a total value of $1,174,191.60. Following the transaction, the chief financial officer now directly owns 221,779 shares of the company’s stock, valued at approximately $22,723,476.34. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On Arch Capital Group

A number of large investors have recently bought and sold shares of the business. UMB Bank n.a. bought a new stake in shares of Arch Capital Group during the second quarter valued at approximately $30,000. Baldwin Brothers LLC MA grew its position in Arch Capital Group by 50.7% during the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 104 shares in the last quarter. Rothschild Investment LLC purchased a new position in Arch Capital Group during the 2nd quarter worth approximately $35,000. LRI Investments LLC purchased a new position in shares of Arch Capital Group during the 1st quarter valued at $40,000. Finally, Compagnie Lombard Odier SCmA acquired a new stake in shares of Arch Capital Group in the 3rd quarter valued at $46,000. Institutional investors own 89.07% of the company’s stock.

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.