Arch Capital Group (NASDAQ:ACGL) Hits New 12-Month High at $92.57

Arch Capital Group Ltd. (NASDAQ:ACGL) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $92.57 and last traded at $92.44, with a volume of 2462124 shares traded. The stock had previously closed at $91.48.

Analyst Ratings Changes

A number of analysts have recently issued reports on ACGL shares. UBS Group reduced their price target on shares of Arch Capital Group from $101.00 to $97.00 and set a “buy” rating for the company in a research report on Wednesday, January 10th. Royal Bank of Canada reissued an “outperform” rating and issued a $98.00 price target on shares of Arch Capital Group in a research report on Friday, February 16th. Wells Fargo & Company raised their price objective on shares of Arch Capital Group from $98.00 to $104.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. Citigroup cut their price objective on shares of Arch Capital Group from $91.00 to $89.00 and set a “neutral” rating on the stock in a research report on Monday, January 22nd. Finally, JMP Securities raised their price objective on shares of Arch Capital Group from $95.00 to $100.00 and gave the company a “market outperform” rating in a research report on Thursday, February 15th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Arch Capital Group currently has a consensus rating of “Moderate Buy” and an average price target of $94.46.

Arch Capital Group Stock Performance

The company has a market cap of $34.59 billion, a P/E ratio of 7.87, a price-to-earnings-growth ratio of 1.13 and a beta of 0.57. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.17. The stock’s 50-day moving average price is $86.04 and its 200 day moving average price is $82.62.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Thursday, February 15th. The insurance provider reported $2.49 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.55. The company had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.67 billion. Arch Capital Group had a net margin of 32.59% and a return on equity of 21.94%. During the same quarter last year, the business posted $2.14 earnings per share. As a group, research analysts expect that Arch Capital Group Ltd. will post 8 EPS for the current fiscal year.

Insider Transactions at Arch Capital Group

In other news, insider Nicolas Papadopoulo sold 60,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the sale, the insider now directly owns 651,931 shares of the company’s stock, valued at $57,057,001.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Nicolas Papadopoulo sold 60,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the sale, the insider now directly owns 651,931 shares of the company’s stock, valued at $57,057,001.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Francois Morin sold 25,689 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the sale, the chief financial officer now directly owns 221,779 shares in the company, valued at $19,399,009.13. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 135,689 shares of company stock valued at $11,872,217. Corporate insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On Arch Capital Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Householder Group Estate & Retirement Specialist LLC bought a new position in Arch Capital Group in the fourth quarter valued at approximately $27,000. Larson Financial Group LLC bought a new position in Arch Capital Group in the fourth quarter valued at approximately $30,000. Richardson Financial Services Inc. bought a new position in Arch Capital Group in the fourth quarter valued at approximately $33,000. First Horizon Advisors Inc. boosted its stake in Arch Capital Group by 151.0% in the first quarter. First Horizon Advisors Inc. now owns 497 shares of the insurance provider’s stock valued at $34,000 after acquiring an additional 299 shares during the last quarter. Finally, Steward Financial Group LLC boosted its stake in Arch Capital Group by 180.7% in the third quarter. Steward Financial Group LLC now owns 525 shares of the insurance provider’s stock valued at $41,000 after acquiring an additional 338 shares during the last quarter. 89.07% of the stock is owned by 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.