Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) have earned an average rating of “Hold” from the twelve research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $99.33.
Several equities analysts have recently weighed in on ACGL shares. Wells Fargo & Co set a $100.00 price objective on shares of Arch Capital Group and gave the stock a “hold” rating in a research note on Sunday, December 10th. BidaskClub cut shares of Arch Capital Group from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Zacks Investment Research upgraded shares of Arch Capital Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $101.00 price objective on shares of Arch Capital Group in a research note on Wednesday, December 6th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $113.00 price objective on shares of Arch Capital Group in a research note on Friday, October 27th.
In related news, insider Louis T. Petrillo sold 5,921 shares of the 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 completion of the sale, the insider now directly owns 43,268 shares of the company’s stock, valued at approximately $3,940,416.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Nicolas Papadopoulo sold 54,554 shares of the stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $95.53, for a total transaction of $5,211,543.62. Following the completion of the sale, the chief executive officer now directly owns 147,481 shares of the company’s stock, valued at $14,088,859.93. The disclosure for this sale can be found here. Insiders sold a total of 65,975 shares of company stock valued at $6,256,989 over the last three months. 6.60% of the stock is currently owned by insiders.
Arch Capital Group (ACGL) traded up $0.03 on Friday, reaching $93.41. 350,300 shares of the company’s stock traded hands, compared to its average volume of 559,563. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.49. The company has a market cap of $12,221.01, a PE ratio of 30.13, a P/E/G ratio of 1.37 and a beta of 0.67. Arch Capital Group has a 1-year low of $86.58 and a 1-year high of $102.60.
Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Wednesday, October 25th. The insurance provider reported ($0.79) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.59) by ($0.20). Arch Capital Group had a return on equity of 5.57% and a net margin of 9.44%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the company earned $1.14 EPS. Arch Capital Group’s revenue for the quarter was up 30.7% on a year-over-year basis. research analysts forecast that Arch Capital Group will post 3 earnings per share for the current fiscal year.
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Arch Capital Group Company Profile
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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