UBS AG restated their buy rating on shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in a research note issued to investors on Monday, October 30th, www.benzinga.com reports.
A number of other equities research analysts have also recently issued reports on ACGL. Keefe, Bruyette & Woods reiterated a hold rating and issued a $100.00 price objective on shares of Arch Capital Group in a report on Thursday, September 21st. Wells Fargo & Company set a $100.00 price objective on shares of Arch Capital Group and gave the company a hold rating in a research report on Thursday, October 26th. Barclays PLC upped their price objective on shares of Arch Capital Group from $91.00 to $95.00 and gave the company an equal weight rating in a research report on Monday, October 16th. Royal Bank Of Canada reissued a buy rating and issued a $113.00 price target on shares of Arch Capital Group in a research report on Friday, October 27th. Finally, Buckingham Research started coverage on shares of Arch Capital Group in a research report on Monday, September 11th. They issued a buy rating and a $106.00 price target for the company. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of $100.70.
Arch Capital Group (NASDAQ:ACGL) opened at $95.96 on Monday. Arch Capital Group has a twelve month low of $79.95 and a twelve month high of $102.60. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market capitalization of $12,558.67, a price-to-earnings ratio of 32.31, a price-to-earnings-growth ratio of 2.67 and a beta of 0.70.
Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Wednesday, October 25th. The insurance provider reported ($0.79) earnings per share for the quarter, missing the 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 firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the firm posted $1.14 earnings per share. The company’s revenue for the quarter was up 30.7% on a year-over-year basis. equities research analysts forecast that Arch Capital Group will post 3.25 EPS for the current fiscal year.
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In other news, CEO Nicolas Papadopoulo sold 80,694 shares of Arch Capital Group stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark Donald Lyons sold 9,967 shares of Arch Capital Group stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $97.31, for a total transaction of $969,888.77. The disclosure for this sale can be found here. In the last three months, insiders sold 187,633 shares of company stock valued at $17,864,402. Insiders own 6.60% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Acrospire Investment Management LLC acquired a new position in shares of Arch Capital Group in the 2nd quarter valued at approximately $112,000. Vantage Investment Advisors LLC grew its holdings in shares of Arch Capital Group by 1,372.9% during the 2nd quarter. Vantage Investment Advisors LLC now owns 1,252 shares of the insurance provider’s stock valued at $117,000 after purchasing an additional 1,167 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Arch Capital Group by 0.4% during the 2nd quarter. Parallel Advisors LLC now owns 1,356 shares of the insurance provider’s stock valued at $132,000 after purchasing an additional 6 shares during the last quarter. Toronto Dominion Bank grew its holdings in Arch Capital Group by 18.8% during the 2nd quarter. Toronto Dominion Bank now owns 1,596 shares of the insurance provider’s stock worth $149,000 after acquiring an additional 253 shares during the last quarter. Finally, Crow Point Partners LLC bought a new stake in Arch Capital Group during the 2nd quarter worth approximately $174,000. Institutional investors and hedge funds own 76.36% of the company’s stock.
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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