Arch Capital Group (NASDAQ:ACGL – Get Free Report) is scheduled to release its earnings data after the market closes on Wednesday, February 14th. Analysts expect Arch Capital Group to post earnings of $1.92 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.
Arch Capital Group Price Performance
Shares of NASDAQ ACGL opened at $83.30 on Wednesday. The stock has a market cap of $31.09 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 1.07 and a beta of 0.57. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.22. The company’s 50-day moving average price is $78.27 and its 200 day moving average price is $79.87. Arch Capital Group has a 52 week low of $61.85 and a 52 week high of $90.65.
Analysts Set New Price Targets
A number of research analysts have issued reports on the stock. TD Cowen assumed coverage on shares of Arch Capital Group in a report on Wednesday, January 10th. They issued an “outperform” rating and a $96.00 target price on the stock. Royal Bank of Canada upped their target price on shares of Arch Capital Group from $90.00 to $98.00 and gave the company an “outperform” rating in a report on Wednesday, November 1st. UBS Group reduced their target price on shares of Arch Capital Group from $101.00 to $97.00 and set a “buy” rating on the stock in a report on Wednesday, January 10th. JPMorgan Chase & Co. upped their target price on shares of Arch Capital Group from $82.00 to $86.00 and gave the company a “neutral” rating in a report on Tuesday, October 31st. Finally, Evercore ISI initiated coverage on shares of Arch Capital Group in a report on Thursday, December 14th. They set an “inline” rating and a $88.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Arch Capital Group currently has a consensus rating of “Moderate Buy” and an average price target of $91.43.
Insider Activity at Arch Capital Group
In other Arch Capital Group news, insider Nicolas Papadopoulo sold 60,000 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $85.80, for a total value of $5,148,000.00. Following the completion of the sale, the insider now owns 630,387 shares of the company’s stock, valued at $54,087,204.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.20% of the stock is currently owned by insiders.
Institutional Trading of Arch Capital Group
Hedge funds have recently made changes to their positions in the stock. Balentine LLC lifted its stake in Arch Capital Group by 2.6% in the second quarter. Balentine LLC now owns 5,298 shares of the insurance provider’s stock valued at $397,000 after buying an additional 133 shares during the last quarter. Bleakley Financial Group LLC increased its stake in Arch Capital Group by 1.3% in the 1st quarter. Bleakley Financial Group LLC now owns 11,293 shares of the insurance provider’s stock worth $766,000 after purchasing an additional 150 shares in the last quarter. Wetherby Asset Management Inc. increased its stake in Arch Capital Group by 0.5% in the 1st quarter. Wetherby Asset Management Inc. now owns 33,045 shares of the insurance provider’s stock worth $2,243,000 after purchasing an additional 170 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its stake in Arch Capital Group by 0.9% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 21,378 shares of the insurance provider’s stock worth $1,704,000 after purchasing an additional 198 shares in the last quarter. Finally, Belpointe Asset Management LLC increased its stake in Arch Capital Group by 17.4% in the 1st quarter. Belpointe Asset Management LLC now owns 1,655 shares of the insurance provider’s stock worth $112,000 after purchasing an additional 245 shares in the last quarter. Institutional investors and hedge funds own 87.21% of the company’s stock.
Arch Capital Group Company Profile
Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.
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