Arch Capital Group (NASDAQ:ACGL) Raised to Hold at Mizuho

Arch Capital Group (NASDAQ:ACGL) was upgraded by Mizuho to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other equities analysts have also recently commented on the company. Royal Bank Of Canada set a $108.00 target price on Arch Capital Group and gave the company an “outperform” rating in a report on Monday, November 24th. JPMorgan Chase & Co. boosted their price target on Arch Capital Group from $110.00 to $111.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 28th. Cantor Fitzgerald restated a “neutral” rating and issued a $98.00 price objective on shares of Arch Capital Group in a report on Tuesday, October 28th. Roth Capital set a $110.00 target price on shares of Arch Capital Group and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Arch Capital Group in a report on Wednesday, October 8th. Eight investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $106.00.

Arch Capital Group Stock Performance

NASDAQ:ACGL opened at $95.08 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.55 and a current ratio of 0.55. The stock has a market capitalization of $34.48 billion, a PE ratio of 8.89, a P/E/G ratio of 2.23 and a beta of 0.47. Arch Capital Group has a fifty-two week low of $82.44 and a fifty-two week high of $97.40. The company has a fifty day moving average of $90.56 and a two-hundred day moving average of $90.35.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Monday, October 27th. The insurance provider reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $1.01. Arch Capital Group had a net margin of 20.96% and a return on equity of 16.38%. The business had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.39 billion. During the same quarter last year, the business earned $1.99 earnings per share. As a group, research analysts forecast that Arch Capital Group will post 8.42 earnings per share for the current fiscal year.

Insider Activity

In other news, insider John M. Pasquesi sold 203,866 shares of Arch Capital Group stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $93.90, for a total transaction of $19,143,017.40. Following the sale, the insider owned 351,356 shares of the company’s stock, valued at approximately $32,992,328.40. The trade was a 36.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Francois Morin sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $94.62, for a total value of $756,960.00. Following the completion of the transaction, the chief financial officer owned 266,681 shares in the company, valued at $25,233,356.22. This represents a 2.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 220,666 shares of company stock worth $20,728,673. Corporate insiders own 4.10% of the company’s stock.

Hedge Funds Weigh In On Arch Capital Group

Hedge funds have recently modified their holdings of the business. WealthCollab LLC raised its holdings in Arch Capital Group by 410.3% in the 3rd quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock valued at $27,000 after buying an additional 238 shares during the period. JPL Wealth Management LLC acquired a new stake in shares of Arch Capital Group during the third quarter valued at about $28,000. Cornerstone Planning Group LLC raised its stake in shares of Arch Capital Group by 426.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 384 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 311 shares during the period. Quent Capital LLC purchased a new stake in shares of Arch Capital Group in the 3rd quarter valued at approximately $37,000. Finally, Richardson Financial Services Inc. lifted its holdings in shares of Arch Capital Group by 63.3% in the 3rd quarter. Richardson Financial Services Inc. now owns 418 shares of the insurance provider’s stock worth $38,000 after acquiring an additional 162 shares during the last quarter. 89.07% of the stock is currently owned by hedge funds and other 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.