UBS AG Reaffirms “Buy” Rating for Arch Capital Group Ltd. (ACGL)

UBS AG reissued their buy rating on shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in a research report sent to investors on Monday, www.benzinga.com reports.

A number of other research analysts have also issued reports on the stock. Royal Bank Of Canada reissued a buy rating and set a $113.00 target price on shares of Arch Capital Group in a research note on Friday, October 27th. Wells Fargo & Company set a $100.00 target price on shares of Arch Capital Group and gave the company a hold rating in a research note on Thursday, October 26th. Zacks Investment Research raised shares of Arch Capital Group from a sell rating to a hold rating in a research note on Wednesday, October 25th. Barclays PLC boosted their target price on shares of Arch Capital Group from $91.00 to $95.00 and gave the company an equal weight rating in a research note on Monday, October 16th. Finally, Keefe, Bruyette & Woods reissued a hold rating and set a $100.00 target price on shares of Arch Capital Group in a research note on Thursday, September 21st. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Arch Capital Group has an average rating of Hold and a consensus target price of $100.70.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Wednesday, October 25th. The insurance provider reported ($0.79) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.59) by ($0.20). The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.16 billion. Arch Capital Group had a net margin of 9.44% and a return on equity of 5.70%. The company’s revenue for the quarter was up 30.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.14 earnings per share.

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In other news, CEO Nicolas Papadopoulo sold 80,694 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $93.80, for a total value of $7,569,097.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew Rippert sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $94.25, for a total transaction of $329,875.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 145,579 shares of company stock valued at $13,862,983. Company insiders own 6.60% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC bought a new stake in shares of Arch Capital Group in the 2nd quarter worth approximately $112,000. Vantage Investment Advisors LLC raised its holdings in shares of Arch Capital Group by 1,372.9% in the 2nd quarter. Vantage Investment Advisors LLC now owns 1,252 shares of the insurance provider’s stock worth $117,000 after purchasing an additional 1,167 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Arch Capital Group by 0.4% in the 2nd quarter. Parallel Advisors LLC now owns 1,356 shares of the insurance provider’s stock worth $132,000 after purchasing an additional 6 shares in the last quarter. Toronto Dominion Bank raised its holdings in shares of Arch Capital Group by 18.8% in the 2nd quarter. Toronto Dominion Bank now owns 1,596 shares of the insurance provider’s stock worth $149,000 after purchasing an additional 253 shares in the last quarter. Finally, Crow Point Partners LLC bought a new stake in shares of Arch Capital Group in the 2nd quarter worth approximately $174,000. Institutional investors and hedge funds own 76.44% of the company’s stock.

About Arch Capital Group

Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.

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