Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have been assigned an average rating of “Hold” from the twelve analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $30.67.
Several brokerages have issued reports on ACGL. ValuEngine raised shares of Arch Capital Group from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. BidaskClub downgraded shares of Arch Capital Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 13th. JMP Securities reaffirmed a “hold” rating on shares of Arch Capital Group in a research report on Sunday, February 17th. Zacks Investment Research raised shares of Arch Capital Group from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Thursday, February 14th. Finally, Wells Fargo & Co reissued a “hold” rating and set a $30.00 price target on shares of Arch Capital Group in a research report on Thursday, December 13th.
NASDAQ:ACGL traded up $0.32 during trading hours on Friday, hitting $32.32. The stock had a trading volume of 2,403,051 shares, compared to its average volume of 1,112,501. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.27. Arch Capital Group has a 1-year low of $24.79 and a 1-year high of $33.05. The company has a market capitalization of $12.88 billion, a price-to-earnings ratio of 14.69, a price-to-earnings-growth ratio of 1.14 and a beta of 0.70.
In other news, Director Yiorgos Lillikas sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $32.30, for a total transaction of $64,600.00. Following the completion of the sale, the director now owns 51,214 shares of the company’s stock, valued at $1,654,212.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP W Preston Hutchings sold 37,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $32.55, for a total transaction of $1,220,625.00. Following the sale, the senior vice president now directly owns 62,216 shares of the company’s stock, valued at approximately $2,025,130.80. The disclosure for this sale can be found here. Insiders have sold 44,648 shares of company stock valued at $1,451,332 in the last three months. Corporate insiders own 5.10% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Enlightenment Research LLC acquired a new position in Arch Capital Group in the fourth quarter worth $35,000. NumerixS Investment Technologies Inc acquired a new position in Arch Capital Group in the fourth quarter worth $90,000. Ffcm LLC acquired a new position in Arch Capital Group in the fourth quarter worth $106,000. Rehmann Capital Advisory Group boosted its holdings in Arch Capital Group by 2,880.4% in the third quarter. Rehmann Capital Advisory Group now owns 4,113 shares of the insurance provider’s stock worth $138,000 after purchasing an additional 3,975 shares during the period. Finally, ETF Managers Group LLC boosted its holdings in Arch Capital Group by 15.7% in the fourth quarter. ETF Managers Group LLC now owns 4,566 shares of the insurance provider’s stock worth $122,000 after purchasing an additional 621 shares during the period. 80.71% of the stock is owned by hedge funds and other institutional investors.
About Arch Capital Group
Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance 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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