Arch Capital Group Ltd. (NASDAQ:ACGL) has received an average recommendation of “Hold” from the thirteen research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $99.78.
ACGL has been the subject of several analyst reports. BidaskClub lowered Arch Capital Group from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Zacks Investment Research raised Arch Capital Group from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. Wells Fargo & Co set a $100.00 target price on Arch Capital Group and gave the company a “hold” rating in a report on Sunday, December 10th. Royal Bank of Canada reissued a “buy” rating and issued a $113.00 target price on shares of Arch Capital Group in a report on Friday, October 27th. Finally, UBS Group reissued a “buy” rating on shares of Arch Capital Group in a report on Monday, October 30th.
Arch Capital Group (ACGL) traded down $0.08 during trading hours on Tuesday, reaching $90.77. The company’s stock had a trading volume of 379,998 shares, compared to its average volume of 459,354. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.49. The stock has a market cap of $11,880.00, a price-to-earnings ratio of 29.38, a P/E/G ratio of 2.61 and a beta of 0.67. Arch Capital Group has a 52 week low of $84.21 and a 52 week high of $102.60.
In other Arch Capital Group news, insider Louis T. Petrillo sold 5,921 shares of Arch Capital Group stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $91.07, for a total value of $539,225.47. Following the transaction, the insider now owns 43,268 shares of the company’s stock, valued at $3,940,416.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Mark Donald Lyons sold 5,500 shares of Arch Capital Group stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $92.04, for a total transaction of $506,220.00. The disclosure for this sale can be found here. Insiders have sold a total of 65,975 shares of company stock valued at $6,256,989 over the last ninety days. 6.60% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of the company. Citadel Advisors LLC increased its position in Arch Capital Group by 1,388.0% during the 2nd quarter. Citadel Advisors LLC now owns 2,088,015 shares of the insurance provider’s stock valued at $194,792,000 after purchasing an additional 1,947,691 shares during the period. Janus Henderson Group PLC grew its holdings in Arch Capital Group by 5,723.3% during the 2nd quarter. Janus Henderson Group PLC now owns 1,074,932 shares of the insurance provider’s stock valued at $100,280,000 after buying an additional 1,056,473 shares in the last quarter. Vanguard Group Inc. grew its holdings in Arch Capital Group by 7.7% during the 2nd quarter. Vanguard Group Inc. now owns 10,331,707 shares of the insurance provider’s stock valued at $963,845,000 after buying an additional 742,855 shares in the last quarter. FMR LLC boosted its position in shares of Arch Capital Group by 21.0% during the 2nd quarter. FMR LLC now owns 2,294,852 shares of the insurance provider’s stock valued at $214,087,000 after acquiring an additional 398,988 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Arch Capital Group by 32.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,609,474 shares of the insurance provider’s stock valued at $150,148,000 after acquiring an additional 395,629 shares during the last quarter. 79.41% of the stock is owned by hedge funds and other institutional investors.
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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