Arch Capital Group Ltd. (ACGL) Upgraded at Credit Suisse Group

Credit Suisse Group upgraded shares of Arch Capital Group Ltd. (NASDAQ:ACGL) from a neutral rating to an outperform rating in a research note issued to investors on Friday morning. They currently have $100.00 target price on the stock.

Other analysts also recently issued reports about the company. BMO Capital Markets upgraded Arch Capital Group from a market perform rating to an outperform rating and set a $99.00 price objective for the company in a report on Monday, December 12th. Barclays PLC downgraded Arch Capital Group from an overweight rating to an equal weight rating and set a $85.00 price objective for the company. in a report on Thursday, September 15th. Finally, Zacks Investment Research upgraded Arch Capital Group from a hold rating to a buy rating and set a $90.00 price objective for the company in a report on Monday, October 17th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $87.09.

Analyst Recommendations for Arch Capital Group (NASDAQ:ACGL)

Arch Capital Group (NASDAQ:ACGL) traded down 0.01% on Friday, reaching $86.30. The company’s stock had a trading volume of 74,554 shares. The stock’s 50 day moving average price is $85.02 and its 200 day moving average price is $78.61. The company has a market cap of $10.44 billion, a P/E ratio of 16.41 and a beta of 0.55. Arch Capital Group has a 12 month low of $59.83 and a 12 month high of $88.41.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $1.14 EPS for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.11. Arch Capital Group had a return on equity of 8.32% and a net margin of 15.47%. The company earned $1.01 billion during the quarter, compared to analysts’ expectations of $980.36 million. During the same period in the prior year, the company earned $1.01 EPS. Arch Capital Group’s revenue was up 4.4% compared to the same quarter last year. Equities research analysts forecast that Arch Capital Group will post $4.41 earnings per share for the current year.

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In other Arch Capital Group news, CEO Constantine Iordanou sold 50,000 shares of Arch Capital Group stock in a transaction that occurred on Tuesday, December 13th. The shares were sold at an average price of $87.24, for a total transaction of $4,362,000.00. Following the transaction, the chief executive officer now owns 242,622 shares of the company’s stock, valued at approximately $21,166,343.28. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Mark Donald Lyons sold 8,000 shares of Arch Capital Group stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $77.22, for a total transaction of $617,760.00. The disclosure for this sale can be found here. 6.30% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of ACGL. Pacer Advisors Inc. boosted its position in Arch Capital Group by 1.6% in the second quarter. Pacer Advisors Inc. now owns 1,558 shares of the company’s stock valued at $112,000 after buying an additional 24 shares in the last quarter. Calvert Investment Management Inc. boosted its position in Arch Capital Group by 0.3% in the second quarter. Calvert Investment Management Inc. now owns 9,430 shares of the company’s stock valued at $679,000 after buying an additional 27 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Arch Capital Group by 1.1% in the third quarter. PNC Financial Services Group Inc. now owns 3,547 shares of the company’s stock valued at $282,000 after buying an additional 40 shares in the last quarter. Mariner Wealth Advisors LLC boosted its position in Arch Capital Group by 1.5% in the second quarter. Mariner Wealth Advisors LLC now owns 3,112 shares of the company’s stock valued at $224,000 after buying an additional 45 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its position in Arch Capital Group by 1.5% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 8,128 shares of the company’s stock valued at $585,000 after buying an additional 117 shares in the last quarter. 76.41% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Company Profile

Arch Capital Group Ltd. writes insurance and reinsurance on worldwide basis. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The Company’s insurance, reinsurance and mortgage segments are underwriting segments. 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, which includes alternative market risks and excess workers’ compensation.

5 Day Chart for NASDAQ:ACGL

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