Arch Capital Group Ltd. (ACGL) Stock Rating Reaffirmed by UBS AG

UBS AG reiterated their buy rating on shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in a report published on Monday, October 30th, www.benzinga.com reports.

ACGL has been the topic of several other reports. Keefe, Bruyette & Woods set a $100.00 price target on Arch Capital Group and gave the company a hold rating in a research report on Friday, August 11th. Barclays PLC raised their price target on 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. Zacks Investment Research raised Arch Capital Group from a sell rating to a hold rating in a research report on Thursday, October 12th. Royal Bank Of Canada reissued a buy rating and set a $113.00 target price on shares of Arch Capital Group in a research report on Friday, October 27th. Finally, Wells Fargo & Company reissued a hold rating on shares of Arch Capital Group in a research report on Wednesday, July 26th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $100.70.

Shares of Arch Capital Group (NASDAQ ACGL) traded down $0.56 during trading hours on Monday, hitting $95.35. The stock had a trading volume of 452,800 shares, compared to its average volume of 605,390. The firm has a market capitalization of $12,478.83, a P/E ratio of 32.10, a P/E/G ratio of 2.65 and a beta of 0.70. Arch Capital Group has a 12 month low of $79.86 and a 12 month high of $102.60. The company has a current ratio of 0.83, a quick ratio of 0.77 and a debt-to-equity ratio of 0.49.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Wednesday, October 25th. The insurance provider reported ($0.79) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.59) by ($0.20). The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.16 billion. Arch Capital Group had a negative net margin of 3.12% and a negative return on equity of 2.77%. The company’s revenue for the quarter was up 30.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.14 earnings per share. research analysts predict that Arch Capital Group will post 3.27 EPS for the current fiscal year.

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In other news, CFO Mark Donald Lyons sold 9,967 shares of Arch Capital Group stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $97.31, for a total value of $969,888.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Nicolas Papadopoulo sold 80,694 shares of Arch Capital Group stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $93.80, for a total transaction of $7,569,097.20. The disclosure for this sale can be found here. Insiders sold 187,633 shares of company stock valued at $17,864,402 in the last quarter. 6.60% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of ACGL. Ameriprise Financial Inc. raised its position in Arch Capital Group by 3.1% in the 1st quarter. Ameriprise Financial Inc. now owns 7,340 shares of the insurance provider’s stock worth $695,000 after purchasing an additional 218 shares during the last quarter. United Services Automobile Association bought a new position in Arch Capital Group in the 1st quarter worth approximately $397,000. Teachers Advisors LLC raised its position in Arch Capital Group by 5.5% in the 1st quarter. Teachers Advisors LLC now owns 383,749 shares of the insurance provider’s stock worth $36,368,000 after purchasing an additional 19,995 shares during the last quarter. MARSHALL WACE ASIA Ltd bought a new position in Arch Capital Group in the 1st quarter worth approximately $500,000. Finally, Marshall Wace North America L.P. bought a new position in Arch Capital Group in the 1st quarter worth approximately $500,000. Hedge funds and other institutional investors own 73.19% of the company’s stock.

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.

Analyst Recommendations for Arch Capital Group (NASDAQ:ACGL)

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