Arch Capital Group (NASDAQ:ACGL) Hits New 12-Month High – Time to Buy?

Arch Capital Group Ltd. (NASDAQ:ACGL)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $97.85 and last traded at $97.0450, with a volume of 232500 shares changing hands. The stock had previously closed at $96.71.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company dropped their price objective on Arch Capital Group from $111.00 to $106.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Mizuho set a $95.00 price target on shares of Arch Capital Group and gave the company a “neutral” rating in a report on Monday, December 15th. Royal Bank Of Canada set a $108.00 price objective on shares of Arch Capital Group and gave the stock an “outperform” rating in a research report on Monday, November 24th. The Goldman Sachs Group restated a “sell” rating and issued a $93.00 target price (up from $84.00) on shares of Arch Capital Group in a research note on Wednesday, January 7th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Arch Capital Group from $100.00 to $102.00 and gave the stock a “market perform” rating in a report on Tuesday, January 6th. Eight research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Arch Capital Group presently has an average rating of “Hold” and an average price target of $107.53.

Arch Capital Group Trading Up 1.8%

The stock’s fifty day simple moving average is $94.22 and its 200-day simple moving average is $91.37. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.55 and a quick ratio of 0.55. The firm has a market cap of $36.98 billion, a PE ratio of 9.54, a PEG ratio of 2.03 and a beta of 0.42.

Insider Activity

In other Arch Capital Group news, CFO Francois Morin sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $94.62, for a total transaction of $756,960.00. Following the completion of the transaction, the chief financial officer directly owned 266,681 shares of the company’s stock, valued at approximately $25,233,356.22. This trade represents a 2.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider John M. Pasquesi sold 203,866 shares of Arch Capital Group stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $93.90, for a total transaction of $19,143,017.40. Following the sale, the insider owned 351,356 shares of the company’s stock, valued at approximately $32,992,328.40. The trade was a 36.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 220,666 shares of company stock valued at $20,728,673. Company insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Elyxium Wealth LLC acquired a new stake in Arch Capital Group during the 4th quarter worth about $27,000. WealthCollab LLC grew its holdings in Arch Capital Group by 410.3% during the third quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 238 shares during the period. JPL Wealth Management LLC purchased a new position in Arch Capital Group during the third quarter valued at approximately $28,000. Grove Bank & Trust purchased a new position in Arch Capital Group during the fourth quarter valued at approximately $30,000. Finally, Aventura Private Wealth LLC acquired a new position in Arch Capital Group in the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Company Profile

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.