Arch Capital Group Ltd. (NASDAQ:ACGL – Get Free Report) has received an average rating of “Moderate Buy” from the sixteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $117.19.
A number of equities analysts have recently commented on ACGL shares. Morgan Stanley cut their target price on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. JMP Securities reaffirmed a “market outperform” rating and issued a $125.00 target price on shares of Arch Capital Group in a report on Tuesday, February 11th. Wells Fargo & Company lowered their price target on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. UBS Group reduced their price objective on Arch Capital Group from $131.00 to $127.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Finally, Barclays dropped their target price on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th.
Read Our Latest Stock Report on Arch Capital Group
Arch Capital Group Stock Performance
Arch Capital Group (NASDAQ:ACGL – Get Free Report) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. During the same quarter in the prior year, the firm posted $2.45 EPS. Analysts predict that Arch Capital Group will post 8.42 earnings per share for the current year.
Insiders Place Their Bets
In related news, insider Louis T. Petrillo sold 11,600 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total value of $1,055,600.00. Following the completion of the transaction, the insider now directly owns 140,023 shares of the company’s stock, valued at $12,742,093. This trade represents a 7.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.20% of the stock is currently owned by company insiders.
Institutional Trading of Arch Capital Group
Several large investors have recently bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in Arch Capital Group in the 3rd quarter valued at about $25,000. Capital A Wealth Management LLC purchased a new position in shares of Arch Capital Group during the 4th quarter worth approximately $25,000. Cullen Frost Bankers Inc. acquired a new position in shares of Arch Capital Group during the 4th quarter worth approximately $37,000. Golden State Wealth Management LLC purchased a new stake in Arch Capital Group in the 4th quarter valued at approximately $42,000. Finally, Y.D. More Investments Ltd grew its holdings in Arch Capital Group by 125.6% during the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock valued at $43,000 after buying an additional 260 shares during the last quarter. Institutional investors and hedge funds 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.
Read More
- Five stocks we like better than Arch Capital Group
- What is the Australian Securities Exchange (ASX)
- Rubrik Stock’s V-Bottom Reversal Signals a Major Rally Ahead
- Why Invest in 5G? How to Invest in 5G Stocks
- How Super Micro Computer Stock Is Defying the Market Sell-Off
- Best Stocks Under $10.00
- AppLovin vs. HPE: Which Tech Stock Can Bounce Back Faster?
Receive News & Ratings for Arch Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arch Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.