Arch Capital Group Ltd. (ACGL) Given Consensus Rating of “Hold” by Analysts
Arch Capital Group Ltd. (NASDAQ:ACGL) has received a consensus recommendation of “Hold” from the twelve analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $99.33.
ACGL has been the topic of several research reports. UBS Group reaffirmed a “buy” rating on shares of Arch Capital Group in a research report on Monday, October 30th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $113.00 target price on shares of Arch Capital Group in a research report on Friday, October 27th. Barclays upped their target price on Arch Capital Group from $91.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Monday, October 16th. Wells Fargo & Co reaffirmed a “hold” rating and issued a $96.00 target price on shares of Arch Capital Group in a research report on Tuesday, January 9th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $101.00 target price on shares of Arch Capital Group in a research report on Wednesday, December 6th.
In other news, insider Louis T. Petrillo sold 5,921 shares of the stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $91.07, for a total transaction of $539,225.47. Following the transaction, the insider now owns 43,268 shares of the company’s stock, valued at approximately $3,940,416.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Nicolas Papadopoulo sold 54,554 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $95.53, for a total value of $5,211,543.62. Following the transaction, the chief executive officer now directly owns 147,481 shares in the company, valued at approximately $14,088,859.93. The disclosure for this sale can be found here. In the last three months, insiders have sold 65,975 shares of company stock worth $6,256,989. 6.60% of the stock is currently owned by insiders.
Arch Capital Group (NASDAQ ACGL) traded up $1.23 during trading hours on Friday, reaching $91.15. The company had a trading volume of 473,337 shares, compared to its average volume of 427,208. The firm has a market capitalization of $11,768.19, a price-to-earnings ratio of 29.40, a price-to-earnings-growth ratio of 1.31 and a beta of 0.67. Arch Capital Group has a 52-week low of $86.58 and a 52-week high of $102.60. 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 issued its earnings results on Wednesday, October 25th. The insurance provider reported ($0.79) earnings per share for the quarter, missing the consensus estimate of ($0.59) by ($0.20). Arch Capital Group had a return on equity of 5.57% and a net margin of 9.44%. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the company earned $1.14 earnings per share. The business’s revenue for the quarter was up 30.7% on a year-over-year basis. sell-side analysts anticipate that Arch Capital Group will post 3 earnings per share for the current year.
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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.
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