BidaskClub upgraded shares of Arch Capital Group (NASDAQ:ACGL) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning.

Several other research firms have also recently commented on ACGL. Wells Fargo reiterated a hold rating and set a $96.00 target price on shares of Arch Capital Group in a research note on Tuesday, January 9th. ValuEngine cut Arch Capital Group from a hold rating to a sell rating in a research note on Thursday, March 1st. Finally, Keefe, Bruyette & Woods upgraded Arch Capital Group from a market perform rating to an outperform rating in a research note on Thursday, March 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. Arch Capital Group presently has a consensus rating of Hold and a consensus price target of $102.43.

Arch Capital Group stock opened at $81.68 on Tuesday. The company has a market cap of $11,118.04, a PE ratio of 25.58, a price-to-earnings-growth ratio of 1.19 and a beta of 0.61. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.79 and a quick ratio of 0.79. Arch Capital Group has a 52 week low of $78.19 and a 52 week high of $102.60.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Monday, February 12th. The insurance provider reported $1.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.21. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Arch Capital Group had a return on equity of 5.87% and a net margin of 11.21%. The business’s revenue was up 27.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.13 EPS. analysts forecast that Arch Capital Group will post 6.2 earnings per share for the current year.

In related news, CFO Mark Donald Lyons sold 6,000 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $89.39, for a total transaction of $536,340.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Constantine Iordanou acquired 7,000 shares of Arch Capital Group stock in a transaction that occurred on Thursday, February 15th. The shares were purchased at an average price of $23.80 per share, for a total transaction of $166,600.00. Following the completion of the purchase, the chief executive officer now directly owns 7,000 shares of the company’s stock, valued at $166,600. The disclosure for this purchase can be found here. Company insiders own 5.10% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Arch Capital Group by 7.4% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 66,919 shares of the insurance provider’s stock valued at $6,074,000 after buying an additional 4,630 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. lifted its stake in Arch Capital Group by 80.0% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,400 shares of the insurance provider’s stock valued at $490,000 after buying an additional 2,400 shares during the last quarter. Sterling Capital Management LLC bought a new stake in Arch Capital Group in the fourth quarter valued at $1,288,000. BB&T Securities LLC bought a new stake in Arch Capital Group in the fourth quarter valued at $488,000. Finally, Millennium Management LLC bought a new stake in Arch Capital Group in the fourth quarter valued at $2,823,000. Institutional investors own 77.80% of the company’s stock.

Arch Capital Group Company Profile

Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance 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.

Analyst Recommendations for Arch Capital Group (NASDAQ:ACGL)

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