Arch Capital Group Ltd. (NASDAQ:ACGL) has received an average recommendation of “Hold” from the fifteen brokerages that are presently covering the company. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $79.67.

A number of analysts recently weighed in on ACGL shares. Zacks Investment Research upgraded shares of Arch Capital Group from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research report on Tuesday, August 2nd. Keefe, Bruyette & Woods increased their price target on shares of Arch Capital Group from $74.00 to $76.00 and gave the company a “market perform” rating in a research report on Monday, July 11th. MKM Partners increased their price target on shares of Arch Capital Group from $85.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, August 30th. Deutsche Bank AG increased their price target on shares of Arch Capital Group from $72.00 to $74.00 and gave the company a “hold” rating in a research report on Friday, July 29th. Finally, Wells Fargo & Co. reiterated a “hold” rating on shares of Arch Capital Group in a research report on Wednesday, June 15th.

In related news, CFO Mark Donald Lyons sold 4,812 shares of the firm’s stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $80.34, for a total value of $386,596.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Louis T. Petrillo sold 8,635 shares of the firm’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $79.43, for a total transaction of $685,878.05. Following the completion of the transaction, the insider now directly owns 74,433 shares of the company’s stock, valued at $5,912,213.19. The disclosure for this sale can be found here. 6.30% of the stock is currently owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in ACGL. Prudential Financial Inc. boosted its position in Arch Capital Group by 44.1% in the first quarter. Prudential Financial Inc. now owns 10,551 shares of the company’s stock valued at $750,000 after buying an additional 3,231 shares in the last quarter. BlackRock Inc. boosted its position in Arch Capital Group by 8.2% in the first quarter. BlackRock Inc. now owns 169,975 shares of the company’s stock valued at $12,086,000 after buying an additional 12,943 shares in the last quarter. BlackRock Group LTD boosted its position in Arch Capital Group by 1.2% in the first quarter. BlackRock Group LTD now owns 1,034,578 shares of the company’s stock valued at $73,558,000 after buying an additional 12,336 shares in the last quarter. BlackRock Fund Advisors boosted its position in Arch Capital Group by 19.2% in the first quarter. BlackRock Fund Advisors now owns 2,827,534 shares of the company’s stock valued at $201,038,000 after buying an additional 456,111 shares in the last quarter. Finally, BlackRock Japan Co. Ltd boosted its position in Arch Capital Group by 0.6% in the first quarter. BlackRock Japan Co. Ltd now owns 153,163 shares of the company’s stock valued at $10,890,000 after buying an additional 902 shares in the last quarter. 77.47% of the stock is owned by institutional investors and hedge funds.

Arch Capital Group (NASDAQ:ACGL) traded up 1.07% during mid-day trading on Wednesday, reaching $78.34. 93,300 shares of the company’s stock were exchanged. Arch Capital Group has a 52-week low of $59.83 and a 52-week high of $85.16. The company has a market cap of $9.45 billion, a PE ratio of 20.25 and a beta of 0.57. The stock has a 50-day moving average price of $80.17 and a 200 day moving average price of $73.75.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Wednesday, July 27th. The company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.17. Arch Capital Group had a net margin of 12.27% and a return on equity of 8.32%. During the same quarter in the prior year, the firm posted $1.16 EPS. Equities analysts predict that Arch Capital Group will post $4.36 earnings per share for the current fiscal year.

About Arch Capital Group

Arch Capital Group Ltd. writes insurance and reinsurance on worldwide basis. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The Company’s insurance, reinsurance and mortgage segments are underwriting segments. 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, which includes alternative market risks and excess workers’ compensation.

5 Day Chart for NASDAQ:ACGL

Receive News & Stock Ratings for Arch Capital Group Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arch Capital Group Ltd. and related stocks with our FREE daily email newsletter.