Arch Capital Group Ltd. (NASDAQ:ACGL)‘s stock had its “buy” rating reaffirmed by stock analysts at Royal Bank Of Canada in a note issued to investors on Friday, October 27th. They presently have a $113.00 price objective on the insurance provider’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 18.08% from the company’s current price.
Several other research analysts have also recently weighed in on ACGL. Keefe, Bruyette & Woods set a $100.00 price target on shares of Arch Capital Group and gave the stock a “hold” rating in a research note on Friday, August 11th. Barclays PLC boosted their price objective on shares of Arch Capital Group from $91.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Monday, October 16th. Zacks Investment Research upgraded shares of Arch Capital Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. BidaskClub upgraded shares of Arch Capital Group from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Finally, Wells Fargo & Company reiterated a “hold” rating on shares of Arch Capital Group in a research note on Wednesday, July 26th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Arch Capital Group presently has an average rating of “Hold” and a consensus target price of $100.70.
Shares of Arch Capital Group (NASDAQ ACGL) traded up $0.35 during mid-day trading on Friday, reaching $95.70. 555,900 shares of the company traded hands, compared to its average volume of 458,490. Arch Capital Group has a 12-month low of $79.86 and a 12-month high of $102.60. The firm has a market cap of $12,478.83, a P/E ratio of 32.10, a price-to-earnings-growth ratio of 2.65 and a beta of 0.70. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.49.
Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Wednesday, October 25th. The insurance provider reported ($0.79) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.59) by ($0.20). The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.16 billion. Arch Capital Group had a net margin of 9.44% and a return on equity of 5.57%. The company’s revenue was up 30.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.14 EPS. sell-side analysts predict that Arch Capital Group will post 3.27 EPS for the current year.
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In other news, CFO Mark Donald Lyons sold 9,967 shares of Arch Capital Group stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $97.31, for a total value of $969,888.77. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Nicolas Papadopoulo sold 80,694 shares of Arch Capital Group stock in a transaction on Friday, September 8th. The shares were sold at an average price of $93.80, for a total transaction of $7,569,097.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 187,633 shares of company stock worth $17,864,402. 6.60% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of the stock. Janus Henderson Group PLC raised its stake in shares of Arch Capital Group by 6.4% during the 3rd quarter. Janus Henderson Group PLC now owns 1,143,678 shares of the insurance provider’s stock worth $112,652,000 after purchasing an additional 68,746 shares in the last quarter. Vident Investment Advisory LLC purchased a new stake in Arch Capital Group in the third quarter worth approximately $698,000. First Republic Investment Management Inc. boosted its holdings in Arch Capital Group by 8.3% in the third quarter. First Republic Investment Management Inc. now owns 40,511 shares of the insurance provider’s stock worth $3,990,000 after purchasing an additional 3,099 shares during the last quarter. Lenox Wealth Management Inc. boosted its holdings in Arch Capital Group by 33.3% in the third quarter. Lenox Wealth Management Inc. now owns 5,739 shares of the insurance provider’s stock worth $565,000 after purchasing an additional 1,434 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its holdings in Arch Capital Group by 5.5% in the third quarter. Asset Management One Co. Ltd. now owns 195,281 shares of the insurance provider’s stock worth $19,235,000 after purchasing an additional 10,239 shares during the last quarter. Hedge funds and other institutional investors own 76.36% of the company’s stock.
Arch Capital Group Company Profile
Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.
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