Arch Capital Group Ltd. (NASDAQ:ACGL) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Arch Capital Group Ltd. (NASDAQ:ACGL – Get Rating) has been assigned a consensus recommendation of “Moderate Buy” from the eleven research firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $70.56.

ACGL has been the subject of several research reports. Barclays lifted their price objective on Arch Capital Group from $72.00 to $77.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 15th. Royal Bank of Canada boosted their price target on Arch Capital Group from $70.00 to $74.00 and gave the company an “outperform” rating in a report on Wednesday, February 15th. Wells Fargo & Company boosted their price target on Arch Capital Group from $72.00 to $78.00 and gave the company an “overweight” rating in a report on Wednesday, February 15th. StockNews.com assumed coverage on Arch Capital Group in a report on Thursday. They issued a “buy” rating for the company. Finally, JMP Securities boosted their price target on Arch Capital Group from $70.00 to $75.00 and gave the company a “market perform” rating in a report on Tuesday, February 14th.

Arch Capital Group Trading Down 4.4 %

Shares of Arch Capital Group stock opened at $63.15 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.56 and a quick ratio of 0.56. Arch Capital Group has a 1 year low of $41.05 and a 1 year high of $72.28. The company has a market capitalization of $23.44 billion, a P/E ratio of 16.62, a P/E/G ratio of 1.03 and a beta of 0.74. The business has a 50 day moving average price of $65.73 and a 200 day moving average price of $57.96.

Arch Capital Group (NASDAQ:ACGL – Get Rating) last issued its quarterly earnings data on Tuesday, February 14th. The insurance provider reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.80. Arch Capital Group had a return on equity of 15.93% and a net margin of 15.34%. The firm had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.68 billion. During the same period in the previous year, the firm posted $1.27 EPS. Sell-side analysts anticipate that Arch Capital Group will post 6.11 EPS for the current fiscal year.

Insider Activity

In related news, CFO Francois Morin sold 15,814 shares of the company’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $67.61, for a total transaction of $1,069,184.54. Following the completion of the sale, the chief financial officer now directly owns 185,869 shares of the company’s stock, valued at approximately $12,566,603.09. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider John M. Pasquesi sold 26,329 shares of the company’s stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $67.01, for a total transaction of $1,764,306.29. Following the completion of the sale, the insider now directly owns 756,635 shares of the company’s stock, valued at approximately $50,702,111.35. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Francois Morin sold 15,814 shares of the company’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $67.61, for a total transaction of $1,069,184.54. Following the sale, the chief financial officer now directly owns 185,869 shares of the company’s stock, valued at $12,566,603.09. The disclosure for this sale can be found here. Insiders sold 72,143 shares of company stock valued at $4,938,291 in the last ninety days. Company insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On Arch Capital Group

Institutional investors have recently modified their holdings of the stock. Accurate Wealth Management LLC acquired a new stake in shares of Arch Capital Group in the 4th quarter valued at about $30,000. James Investment Research Inc. acquired a new stake in shares of Arch Capital Group in the 4th quarter valued at about $32,000. Farmers & Merchants Investments Inc. raised its stake in shares of Arch Capital Group by 54.4% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 582 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 205 shares in the last quarter. Lindbrook Capital LLC raised its stake in shares of Arch Capital Group by 538.1% in the 4th quarter. Lindbrook Capital LLC now owns 670 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 565 shares in the last quarter. Finally, CENTRAL TRUST Co raised its stake in shares of Arch Capital Group by 57.3% in the 3rd quarter. CENTRAL TRUST Co now owns 692 shares of the insurance provider’s stock valued at $32,000 after purchasing an additional 252 shares in the last quarter. Institutional investors and hedge funds own 88.78% of the company’s stock.

Arch Capital Group Company Profile

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Arch Capital Group Ltd. engages in the provision of property and casualty insurance and reinsurance lines. It operates through the following segments: Insurance, Reinsurance, Mortgage, Corporate, and Other. The Insurance segment consists of insurance underwriting units which offer specialty product lines like construction and national accounts, excess and surplus casualty, lenders products, professional lines, and programs.