Keefe, Bruyette & Woods restated their hold rating on shares of Arch Capital Group (NASDAQ:ACGL) in a report released on Wednesday morning. They currently have a $101.00 target price on the insurance provider’s stock.

ACGL has been the subject of several other reports. Barclays upped their target price on Arch Capital Group from $91.00 to $95.00 and gave the company an equal weight rating in a report on Monday, October 16th. UBS reduced their target price on Arch Capital Group from $114.00 to $110.00 and set a buy rating for the company in a report on Tuesday, September 19th. Zacks Investment Research downgraded Arch Capital Group from a hold rating to a sell rating in a research note on Tuesday, September 26th. Buckingham Research initiated coverage on Arch Capital Group in a research note on Monday, September 11th. They issued a buy rating and a $106.00 price objective on the stock. Finally, Royal Bank Of Canada reiterated a buy rating and issued a $113.00 price objective on shares of Arch Capital Group in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $100.80.

Arch Capital Group (NASDAQ:ACGL) traded up $0.16 during mid-day trading on Wednesday, hitting $92.01. The stock had a trading volume of 328,937 shares, compared to its average volume of 463,699. The company has a market capitalization of $12,020.78, a price-to-earnings ratio of 30.93, a PEG ratio of 2.59 and a beta of 0.67. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.49. Arch Capital Group has a 52 week low of $84.21 and a 52 week high of $102.60.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Wednesday, October 25th. The insurance provider reported ($0.79) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.59) by ($0.20). The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.16 billion. Arch Capital Group had a net margin of 9.44% and a return on equity of 5.57%. The business’s revenue was up 30.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.14 earnings per share. equities research analysts anticipate that Arch Capital Group will post 3.23 earnings per share for the current year.

In related news, CEO Nicolas Papadopoulo sold 38,918 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $97.23, for a total value of $3,783,997.14. Following the sale, the chief executive officer now directly owns 182,035 shares of the company’s stock, valued at $17,699,263.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark Donald Lyons sold 9,967 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $97.31, for a total value of $969,888.77. The disclosure for this sale can be found here. In the last three months, insiders sold 103,439 shares of company stock worth $9,965,430. 6.60% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Acrospire Investment Management LLC bought a new stake in shares of Arch Capital Group in the second quarter worth about $112,000. Vantage Investment Advisors LLC grew its stake in shares of Arch Capital Group by 1,372.9% in the second quarter. Vantage Investment Advisors LLC now owns 1,252 shares of the insurance provider’s stock worth $117,000 after purchasing an additional 1,167 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Arch Capital Group by 0.4% in the second quarter. Parallel Advisors LLC now owns 1,356 shares of the insurance provider’s stock worth $132,000 after purchasing an additional 6 shares during the last quarter. Toronto Dominion Bank grew its stake in shares of Arch Capital Group by 18.8% in the second quarter. Toronto Dominion Bank now owns 1,596 shares of the insurance provider’s stock worth $149,000 after purchasing an additional 253 shares during the last quarter. Finally, Pacer Advisors Inc. bought a new stake in shares of Arch Capital Group in the second quarter worth about $197,000. 79.50% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Arch Capital Group (NASDAQ:ACGL)

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