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.
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.
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