Arch Capital Group Ltd. (NASDAQ:ACGL) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $34.64 and last traded at $34.60, with a volume of 20294 shares. The stock had previously closed at $34.40.

Several research analysts recently commented on ACGL shares. ValuEngine raised shares of Arch Capital Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, February 2nd. JMP Securities reaffirmed a “hold” rating on shares of Arch Capital Group in a research note on Sunday, February 17th. Zacks Investment Research downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. BidaskClub downgraded shares of Arch Capital Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 13th. Finally, Morgan Stanley set a $32.00 target price on shares of Arch Capital Group and gave the stock a “hold” rating in a research note on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $32.67.

The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.54 and a current ratio of 0.54. The company has a market capitalization of $13.89 billion, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 1.19 and a beta of 0.70.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Tuesday, April 30th. The insurance provider reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.05. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Arch Capital Group had a net margin of 17.93% and a return on equity of 10.24%. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.69 earnings per share. On average, analysts predict that Arch Capital Group Ltd. will post 2.63 EPS for the current fiscal year.

In related news, Director Yiorgos Lillikas sold 2,000 shares of Arch Capital Group stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $32.30, for a total value of $64,600.00. Following the sale, the director now owns 51,214 shares in the company, valued at $1,654,212.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Marc Grandisson sold 55,408 shares of Arch Capital Group stock in a transaction on Monday, May 6th. The shares were sold at an average price of $33.86, for a total transaction of $1,876,114.88. Following the completion of the sale, the chief executive officer now owns 115,487 shares in the company, valued at approximately $3,910,389.82. The disclosure for this sale can be found here. In the last quarter, insiders sold 240,602 shares of company stock worth $8,105,388. 5.20% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. Adalta Capital Management LLC boosted its stake in Arch Capital Group by 11.7% in the 1st quarter. Adalta Capital Management LLC now owns 23,910 shares of the insurance provider’s stock worth $773,000 after purchasing an additional 2,500 shares in the last quarter. HighTower Advisors LLC raised its position in Arch Capital Group by 128.0% in the 1st quarter. HighTower Advisors LLC now owns 59,641 shares of the insurance provider’s stock worth $1,927,000 after buying an additional 33,477 shares during the last quarter. M&T Bank Corp raised its position in Arch Capital Group by 3.0% in the 1st quarter. M&T Bank Corp now owns 31,487 shares of the insurance provider’s stock worth $1,018,000 after buying an additional 903 shares during the last quarter. Macquarie Group Ltd. raised its position in Arch Capital Group by 866.7% in the 1st quarter. Macquarie Group Ltd. now owns 8,700 shares of the insurance provider’s stock worth $281,000 after buying an additional 7,800 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. purchased a new position in Arch Capital Group in the 1st quarter worth about $242,000. Institutional investors and hedge funds own 80.09% of the company’s stock.

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Arch Capital Group Company Profile (NASDAQ:ACGL)

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.

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