Arch Capital Group (NASDAQ:ACGL) Receives New Coverage from Analysts at Barclays

Barclays started coverage on shares of Arch Capital Group (NASDAQ:ACGL) in a research report sent to investors on Wednesday morning, Marketbeat Ratings reports. The brokerage issued an equal weight rating and a $120.00 price target on the insurance provider’s stock.

A number of other research analysts also recently issued reports on the stock. StockNews.com downgraded shares of Arch Capital Group from a buy rating to a hold rating in a research report on Wednesday, July 31st. Roth Mkm raised their price objective on shares of Arch Capital Group from $110.00 to $125.00 and gave the company a buy rating in a research note on Friday, August 23rd. JMP Securities lifted their target price on shares of Arch Capital Group from $110.00 to $115.00 and gave the stock a market outperform rating in a report on Wednesday, July 31st. Wells Fargo & Company cut their price target on Arch Capital Group from $111.00 to $110.00 and set an overweight rating on the stock in a research note on Monday, August 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Arch Capital Group from $110.00 to $120.00 and gave the stock a buy rating in a research note on Monday, July 1st. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Arch Capital Group presently has an average rating of Moderate Buy and an average target price of $107.44.

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock opened at $110.45 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a 50 day simple moving average of $101.36 and a 200 day simple moving average of $97.22. Arch Capital Group has a fifty-two week low of $72.85 and a fifty-two week high of $114.65. The firm has a market cap of $41.47 billion, a P/E ratio of 8.72, a P/E/G ratio of 2.05 and a beta of 0.60.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Tuesday, July 30th. The insurance provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.21 by $0.36. Arch Capital Group had a return on equity of 21.42% and a net margin of 35.19%. The company had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same period last year, the firm earned $1.92 EPS. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. Sell-side analysts predict that Arch Capital Group will post 9.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of Arch Capital Group stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $102.46, for a total value of $1,174,191.60. Following the transaction, the chief financial officer now owns 221,779 shares of the company’s stock, valued at $22,723,476.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 4.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Arch Capital Group

Large investors have recently added to or reduced their stakes in the company. UMB Bank n.a. bought a new stake in shares of Arch Capital Group in the second quarter worth $30,000. Baldwin Brothers LLC MA boosted its stake in shares of Arch Capital Group by 50.7% during the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock worth $31,000 after buying an additional 104 shares during the last quarter. Rothschild Investment LLC bought a new position in shares of Arch Capital Group in the 2nd quarter valued at about $35,000. LRI Investments LLC bought a new position in shares of Arch Capital Group in the 1st quarter valued at about $40,000. Finally, Richardson Financial Services Inc. acquired a new stake in shares of Arch Capital Group in the fourth quarter valued at about $33,000. 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.