Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have received a consensus recommendation of “Hold” from the twelve brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $98.13.

A number of equities research analysts have weighed in on the company. BidaskClub raised Arch Capital Group from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $100.00 price objective on shares of Arch Capital Group in a report on Thursday. Wells Fargo & Co reaffirmed a “hold” rating on shares of Arch Capital Group in a report on Wednesday, July 26th. Buckingham Research assumed coverage on Arch Capital Group in a report on Monday, September 11th. They issued a “buy” rating and a $106.00 price objective on the stock. Finally, Zacks Investment Research lowered Arch Capital Group from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th.

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In other news, CEO Andrew Rippert sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $94.25, for a total transaction of $329,875.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Constantine Iordanou sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $97.88, for a total value of $4,894,000.00. Following the sale, the chief executive officer now directly owns 171,901 shares in the company, valued at approximately $16,825,669.88. The disclosure for this sale can be found here. Insiders have sold a total of 195,579 shares of company stock worth $18,756,983 in the last three months. Corporate insiders own 6.60% of the company’s stock.

Several large investors have recently made changes to their positions in ACGL. Profund Advisors LLC purchased a new stake in shares of Arch Capital Group during the 1st quarter worth approximately $232,000. US Bancorp DE boosted its stake in shares of Arch Capital Group by 7.5% during the 1st quarter. US Bancorp DE now owns 9,998 shares of the insurance provider’s stock worth $948,000 after acquiring an additional 696 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Arch Capital Group by 8.4% during the 1st quarter. Bank of New York Mellon Corp now owns 581,508 shares of the insurance provider’s stock worth $55,109,000 after acquiring an additional 45,059 shares in the last quarter. Comerica Bank boosted its stake in shares of Arch Capital Group by 2.7% during the 1st quarter. Comerica Bank now owns 5,310 shares of the insurance provider’s stock worth $519,000 after acquiring an additional 139 shares in the last quarter. Finally, World Asset Management Inc boosted its stake in shares of Arch Capital Group by 2.2% during the 1st quarter. World Asset Management Inc now owns 4,885 shares of the insurance provider’s stock worth $463,000 after acquiring an additional 104 shares in the last quarter. 76.91% of the stock is currently owned by institutional investors and hedge funds.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $1.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.01. Arch Capital Group had a return on equity of 8.76% and a net margin of 15.65%. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the company earned $1.13 EPS. The firm’s revenue for the quarter was up 22.0% compared to the same quarter last year.

About Arch Capital Group

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.

Analyst Recommendations for Arch Capital Group (NASDAQ:ACGL)

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