Arch Capital Group (NASDAQ:ACGL) Downgraded by StockNews.com

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

Other analysts have also recently issued reports about the stock. Roth Mkm restated a buy rating and issued a $110.00 price target on shares of Arch Capital Group in a report on Tuesday, April 30th. JMP Securities lifted their target price on shares of Arch Capital Group from $100.00 to $110.00 and gave the stock a market outperform rating in a research note on Tuesday, April 30th. Evercore ISI lifted their target price on shares of Arch Capital Group from $98.00 to $100.00 and gave the stock an in-line rating in a research note on Tuesday, April 30th. Morgan Stanley lifted their target price on shares of Arch Capital Group from $104.00 to $109.00 and gave the stock an overweight rating in a research note on Monday, April 15th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Arch Capital Group from $88.00 to $92.00 and gave the stock a neutral rating in a research note on Monday, April 8th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $101.33.

Arch Capital Group Stock Down 0.1 %

NASDAQ:ACGL opened at $100.89 on Wednesday. Arch Capital Group has a fifty-two week low of $71.69 and a fifty-two week high of $103.79. The stock has a market capitalization of $37.88 billion, a P/E ratio of 7.96, a P/E/G ratio of 1.71 and a beta of 0.60. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.59 and a current ratio of 0.59. The company’s 50-day simple moving average is $99.07 and its 200-day simple moving average is $89.34.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Monday, April 29th. The insurance provider reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.06 by $0.39. Arch Capital Group had a net margin of 33.65% and a return on equity of 21.85%. The business had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same period last year, the business earned $1.73 EPS. The company’s revenue was up 19.3% compared to the same quarter last year. On average, equities analysts anticipate that Arch Capital Group will post 8.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO David Gansberg sold 10,000 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $96.64, for a total transaction of $966,400.00. Following the transaction, the chief executive officer now owns 228,035 shares of the company’s stock, valued at approximately $22,037,302.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 4.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Arch Capital Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mariner LLC increased its stake in Arch Capital Group by 2.7% during the third quarter. Mariner LLC now owns 33,892 shares of the insurance provider’s stock worth $2,702,000 after purchasing an additional 900 shares during the period. Treasurer of the State of North Carolina increased its stake in shares of Arch Capital Group by 0.7% during the third quarter. Treasurer of the State of North Carolina now owns 209,153 shares of the insurance provider’s stock worth $16,672,000 after buying an additional 1,504 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Arch Capital Group by 165.3% during the third quarter. Tower Research Capital LLC TRC now owns 15,552 shares of the insurance provider’s stock worth $1,240,000 after buying an additional 9,689 shares during the period. Bank of Nova Scotia increased its stake in shares of Arch Capital Group by 95.0% during the third quarter. Bank of Nova Scotia now owns 106,489 shares of the insurance provider’s stock worth $8,488,000 after buying an additional 51,882 shares during the period. Finally, Gotham Asset Management LLC increased its stake in shares of Arch Capital Group by 1.2% during the third quarter. Gotham Asset Management LLC now owns 51,137 shares of the insurance provider’s stock worth $4,076,000 after buying an additional 617 shares during the period. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

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.