Arch Capital Group Ltd. (NASDAQ:ACGL) has been given a consensus recommendation of “Hold” by the twelve ratings firms that are presently covering the company. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $83.30.

A number of analysts have issued reports on the company. Zacks Investment Research raised Arch Capital Group from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a research note on Wednesday, September 7th. Goldman Sachs Group Inc. raised Arch Capital Group from a “sell” rating to a “neutral” rating and raised their target price for the stock from $66.00 to $79.00 in a research note on Wednesday, September 7th. Barclays PLC downgraded Arch Capital Group from an “overweight” rating to an “equal weight” rating and set a $85.00 target price for the company. in a research note on Thursday, September 15th. Keefe, Bruyette & Woods raised their target price on Arch Capital Group from $78.00 to $86.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 17th. Finally, RBC Capital Markets reaffirmed an “outperform” rating and issued a $87.00 target price (up from $80.00) on shares of Arch Capital Group in a research note on Wednesday, August 17th.

Shares of Arch Capital Group (NASDAQ:ACGL) opened at 80.85 on Wednesday. The company has a 50 day moving average price of $78.75 and a 200 day moving average price of $75.30. The company has a market capitalization of $9.78 billion, a P/E ratio of 15.37 and a beta of 0.52. Arch Capital Group has a 12-month low of $59.83 and a 12-month high of $85.15.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $1.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.11. Arch Capital Group had a return on equity of 8.32% and a net margin of 15.47%. The firm earned $1.01 billion during the quarter, compared to the consensus estimate of $980.36 million. During the same period in the prior year, the company earned $1.01 EPS. The firm’s revenue was up 4.4% compared to the same quarter last year. Equities analysts anticipate that Arch Capital Group will post $4.41 EPS for the current year.

In related news, CEO Constantine Iordanou sold 50,000 shares of the firm’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $79.50, for a total transaction of $3,975,000.00. Following the completion of the transaction, the chief executive officer now directly owns 243,030 shares in the company, valued at approximately $19,320,885. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mark Donald Lyons sold 8,000 shares of the firm’s stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $77.22, for a total value of $617,760.00. The disclosure for this sale can be found here. Corporate insiders own 6.30% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. boosted its position in shares of Arch Capital Group by 1.6% in the second quarter. Pacer Advisors Inc. now owns 1,558 shares of the company’s stock worth $112,000 after buying an additional 24 shares during the period. Calvert Investment Management Inc. boosted its position in shares of Arch Capital Group by 0.3% in the second quarter. Calvert Investment Management Inc. now owns 9,430 shares of the company’s stock valued at $679,000 after buying an additional 27 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Arch Capital Group by 1.1% in the third quarter. PNC Financial Services Group Inc. now owns 3,547 shares of the company’s stock valued at $282,000 after buying an additional 40 shares during the last quarter. Mariner Wealth Advisors LLC boosted its position in shares of Arch Capital Group by 1.5% in the second quarter. Mariner Wealth Advisors LLC now owns 3,112 shares of the company’s stock valued at $224,000 after buying an additional 45 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its position in shares of Arch Capital Group by 2.7% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 3,115 shares of the company’s stock valued at $202,000 after buying an additional 81 shares during the last quarter. Institutional investors own 77.44% of the company’s stock.

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.

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