Arch Capital Group (NASDAQ:ACGL) Upgraded at StockNews.com

StockNews.com upgraded shares of Arch Capital Group (NASDAQ:ACGL) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning.

Other research analysts have also issued research reports about the stock. Bank of America raised their price objective on shares of Arch Capital Group from $105.00 to $109.00 and gave the company a buy rating in a report on Tuesday. Wells Fargo & Company raised their price target on shares of Arch Capital Group from $109.00 to $110.00 and gave the company an overweight rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Arch Capital Group from $103.00 to $110.00 and gave the stock a buy rating in a research note on Tuesday. JPMorgan Chase & Co. raised their target price on Arch Capital Group from $88.00 to $92.00 and gave the stock a neutral rating in a research report on Monday, April 8th. Finally, UBS Group reduced their target price on Arch Capital Group from $101.00 to $97.00 and set a buy rating on the stock in a report on Wednesday, January 10th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Arch Capital Group presently has an average rating of Moderate Buy and an average target price of $100.67.

Arch Capital Group Stock Down 0.8 %

Shares of NASDAQ:ACGL opened at $94.41 on Wednesday. Arch Capital Group has a 52-week low of $69.05 and a 52-week high of $96.58. The company has a market capitalization of $35.42 billion, a PE ratio of 7.45, a price-to-earnings-growth ratio of 1.14 and a beta of 0.57. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.59. The company has a fifty day moving average of $91.01 and a 200-day moving average of $84.71.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Monday, April 29th. The insurance provider reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.06 by $0.39. The business had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $3.77 billion. Arch Capital Group had a return on equity of 21.85% and a net margin of 33.65%. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.73 EPS. On average, equities analysts predict that Arch Capital Group will post 8.4 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Francois Morin sold 25,689 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the completion of the sale, the chief financial officer now directly owns 221,779 shares of the company’s stock, valued at approximately $19,399,009.13. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Arch Capital Group news, insider Nicolas Papadopoulo sold 60,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total value of $5,251,200.00. Following the completion of the sale, the insider now directly owns 651,931 shares of the company’s stock, valued at $57,057,001.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Francois Morin sold 25,689 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $87.47, for a total value of $2,247,016.83. Following the transaction, the chief financial officer now directly owns 221,779 shares in the company, valued at approximately $19,399,009.13. The disclosure for this sale can be found here. Over the last three months, insiders have sold 135,689 shares of company stock worth $11,872,217. 4.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Arch Capital Group

Several large investors have recently added to or reduced their stakes in the company. Capital World Investors lifted its holdings in Arch Capital Group by 0.6% during the fourth quarter. Capital World Investors now owns 10,611,092 shares of the insurance provider’s stock valued at $788,086,000 after purchasing an additional 58,862 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Arch Capital Group by 11.4% during the 1st quarter. Principal Financial Group Inc. now owns 6,800,236 shares of the insurance provider’s stock valued at $628,614,000 after buying an additional 693,608 shares in the last quarter. Davis Asset Management L.P. boosted its holdings in Arch Capital Group by 441.7% in the 4th quarter. Davis Asset Management L.P. now owns 6,500,000 shares of the insurance provider’s stock worth $482,755,000 after buying an additional 5,300,000 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Arch Capital Group by 1.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,907,122 shares of the insurance provider’s stock valued at $546,054,000 after buying an additional 99,329 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Arch Capital Group by 9.2% during the 3rd quarter. Northern Trust Corp now owns 4,652,983 shares of the insurance provider’s stock valued at $370,889,000 after acquiring an additional 390,362 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.

About Arch Capital Group

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; 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.