Arch Capital Group (NASDAQ:ACGL) Downgraded by StockNews.com

StockNews.com downgraded shares of Arch Capital Group (NASDAQ:ACGL) from a buy rating to a hold rating in a report published on Wednesday morning.

Several other equities research analysts also recently commented on the stock. Roth Mkm reissued a buy rating and set a $110.00 target price on shares of Arch Capital Group in a research report on Tuesday, April 30th. Wells Fargo & Company boosted their target price on shares of Arch Capital Group from $109.00 to $110.00 and gave the company an overweight rating in a research note on Wednesday, May 1st. JMP Securities boosted their target price on shares of Arch Capital Group from $100.00 to $110.00 and gave the company a market outperform rating in a research note on Tuesday, April 30th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Arch Capital Group from $103.00 to $110.00 and gave the company a buy rating in a research note on Tuesday, April 30th. Finally, Evercore ISI boosted their target price on shares of Arch Capital Group from $98.00 to $100.00 and gave the company an in-line rating in a research note on Tuesday, April 30th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $101.33.

Arch Capital Group Trading Down 0.1 %

NASDAQ:ACGL opened at $100.89 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a 50-day moving average of $99.07 and a 200-day moving average of $89.34. The company has a market cap of $37.88 billion, a PE ratio of 7.96, a PEG ratio of 1.71 and a beta of 0.60. Arch Capital Group has a one year low of $71.69 and a one year high of $103.79.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Monday, April 29th. The insurance provider reported $2.45 EPS for the quarter, topping the consensus estimate of $2.06 by $0.39. The company had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $3.77 billion. Arch Capital Group had a net margin of 33.65% and a return on equity of 21.85%. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.73 earnings per share. As a group, equities research analysts expect that Arch Capital Group will post 8.55 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO David Gansberg sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $96.64, for a total transaction of $966,400.00. Following the sale, the chief executive officer now owns 228,035 shares of the company’s stock, valued at approximately $22,037,302.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.20% of the stock is currently owned by insiders.

Institutional Trading of Arch Capital Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Householder Group Estate & Retirement Specialist LLC purchased a new stake in shares of Arch Capital Group during the 4th quarter valued at $27,000. Larson Financial Group LLC purchased a new stake in shares of Arch Capital Group during the 4th quarter valued at $30,000. LRI Investments LLC purchased a new stake in shares of Arch Capital Group during the 1st quarter valued at $40,000. Richardson Financial Services Inc. purchased a new stake in shares of Arch Capital Group during the 4th quarter valued at $33,000. Finally, Indiana Trust & Investment Management CO purchased a new position in Arch Capital Group in the 1st quarter worth $58,000. Hedge funds and other 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.