Arch Capital Group (NASDAQ:ACGL) Sets New 1-Year Low – Here’s What Happened

Arch Capital Group Ltd. (NASDAQ:ACGL) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $82.49 and last traded at $83.38, with a volume of 240434 shares trading hands. The stock had previously closed at $87.83.

Analyst Ratings Changes

A number of research firms have recently commented on ACGL. JMP Securities restated a “market outperform” rating and issued a $125.00 price target on shares of Arch Capital Group in a report on Tuesday, February 11th. JPMorgan Chase & Co. reduced their target price on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. UBS Group decreased their price target on shares of 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. Royal Bank of Canada dropped their price objective on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Finally, Wells Fargo & Company decreased their target price on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $117.19.

Arch Capital Group Trading Down 3.7 %

The company has a 50 day moving average of $92.23 and a two-hundred day moving average of $97.46. The stock has a market capitalization of $31.77 billion, a PE ratio of 7.58, a P/E/G ratio of 2.31 and a beta of 0.36. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share 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 last year, the business earned $2.45 EPS. Sell-side analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insiders Place Their Bets

In related news, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the completion of the sale, the insider now owns 140,023 shares of the company’s stock, valued at $12,742,093. The trade was a 7.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On Arch Capital Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of Arch Capital Group in the 4th quarter valued at $437,291,000. Madison Investment Advisors LLC acquired a new stake in Arch Capital Group during the 4th quarter worth about $410,010,000. First Trust Advisors LP raised its stake in shares of Arch Capital Group by 663.3% during the 4th quarter. First Trust Advisors LP now owns 2,462,382 shares of the insurance provider’s stock valued at $227,401,000 after buying an additional 2,139,782 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Arch Capital Group in the 4th quarter valued at about $151,342,000. Finally, Swedbank AB boosted its stake in shares of Arch Capital Group by 268.8% in the fourth quarter. Swedbank AB now owns 1,261,957 shares of the insurance provider’s stock worth $116,542,000 after buying an additional 919,793 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.