Arch Capital Group (ACGL) Lowered to Strong Sell at BidaskClub

Arch Capital Group (NASDAQ:ACGL) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday.

ACGL has been the topic of several other reports. Wells Fargo & Co restated a “hold” rating on shares of Arch Capital Group in a research report on Wednesday, June 20th. TheStreet raised shares of Arch Capital Group from a “c” rating to a “b-” rating in a research note on Monday, July 30th. Zacks Investment Research raised shares of Arch Capital Group from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Tuesday, July 17th. Credit Suisse Group initiated coverage on shares of Arch Capital Group in a research note on Tuesday, August 7th. They set a “neutral” rating and a $34.00 target price for the company. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of Arch Capital Group in a research note on Thursday, August 2nd. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $20.14.

Shares of ACGL stock opened at $29.53 on Thursday. The firm has a market cap of $12.12 billion, a PE ratio of 27.60, a PEG ratio of 1.22 and a beta of 0.68. Arch Capital Group has a one year low of $25.71 and a one year high of $34.20. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.75 and a current ratio of 0.75.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Tuesday, July 31st. The insurance provider reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.06. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.24 billion. Arch Capital Group had a net margin of 10.47% and a return on equity of 6.86%. During the same period last year, the firm earned $1.21 EPS. equities analysts forecast that Arch Capital Group will post 2.23 EPS for the current fiscal year.

In related news, insider Louis T. Petrillo sold 9,573 shares of the firm’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $30.43, for a total transaction of $291,306.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John D. Vollaro sold 10,500 shares of the firm’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $30.06, for a total transaction of $315,630.00. The disclosure for this sale can be found here. Insiders have sold 35,073 shares of company stock valued at $1,056,936 over the last ninety days. 5.10% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of ACGL. Captrust Financial Advisors grew its stake in shares of Arch Capital Group by 2,284.8% in the 2nd quarter. Captrust Financial Advisors now owns 4,078 shares of the insurance provider’s stock worth $108,000 after buying an additional 3,907 shares in the last quarter. Hall Laurie J Trustee grew its stake in shares of Arch Capital Group by 200.0% in the 2nd quarter. Hall Laurie J Trustee now owns 4,989 shares of the insurance provider’s stock worth $132,000 after buying an additional 3,326 shares in the last quarter. D Orazio & Associates Inc. grew its stake in shares of Arch Capital Group by 200.0% in the 2nd quarter. D Orazio & Associates Inc. now owns 5,400 shares of the insurance provider’s stock worth $143,000 after buying an additional 3,600 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its stake in shares of Arch Capital Group by 226.1% in the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 5,880 shares of the insurance provider’s stock worth $156,000 after buying an additional 4,077 shares in the last quarter. Finally, Systematic Financial Management LP grew its stake in shares of Arch Capital Group by 200.0% in the 2nd quarter. Systematic Financial Management LP now owns 6,300 shares of the insurance provider’s stock worth $167,000 after buying an additional 4,200 shares in the last quarter. 80.57% of the stock is owned by institutional investors.

Arch Capital Group Company Profile

Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; 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.

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