Weiss Ratings Reiterates “Hold (C+)” Rating for Arch Capital Group (NASDAQ:ACGL)

Arch Capital Group (NASDAQ:ACGL)‘s stock had its “hold (c+)” rating reiterated by analysts at Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

Other equities analysts have also recently issued research reports about the company. The Goldman Sachs Group set a $88.00 target price on Arch Capital Group and gave the stock a “sell” rating in a research report on Tuesday, October 14th. Cantor Fitzgerald raised Arch Capital Group to a “hold” rating in a report on Wednesday, August 13th. UBS Group reissued a “buy” rating and issued a $118.00 target price (down previously from $124.00) on shares of Arch Capital Group in a report on Monday, August 4th. Barclays set a $99.00 target price on shares of Arch Capital Group and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Arch Capital Group from $102.00 to $103.00 and gave the company a “market perform” rating in a report on Thursday, August 14th. Eight equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $108.71.

Arch Capital Group Stock Down 0.4%

ACGL opened at $87.15 on Friday. Arch Capital Group has a 52 week low of $82.49 and a 52 week high of $107.19. The business has a 50 day moving average price of $90.42 and a two-hundred day moving average price of $90.80. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.16. The company has a market cap of $32.53 billion, a PE ratio of 8.99, a P/E/G ratio of 5.05 and a beta of 0.47.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.28. Arch Capital Group had a return on equity of 15.33% and a net margin of 19.49%.The firm had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same period last year, the company earned $2.57 earnings per share. As a group, research analysts anticipate that Arch Capital Group will post 8.42 EPS for the current year.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, insider Maamoun Rajeh sold 10,000 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $94.15, for a total transaction of $941,500.00. Following the sale, the insider owned 433,589 shares in the company, valued at approximately $40,822,404.35. This represents a 2.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.20% of the stock is currently owned by company insiders.

Institutional Trading of Arch Capital Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Arch Capital Group by 14.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,804 shares of the insurance provider’s stock worth $4,924,000 after buying an additional 6,406 shares in the last quarter. DAVENPORT & Co LLC acquired a new stake in Arch Capital Group during the first quarter worth approximately $251,000. D.A. Davidson & CO. grew its stake in Arch Capital Group by 10.9% in the 1st quarter. D.A. Davidson & CO. now owns 45,552 shares of the insurance provider’s stock worth $4,381,000 after acquiring an additional 4,460 shares during the period. Crossmark Global Holdings Inc. raised its holdings in Arch Capital Group by 24.7% in the 1st quarter. Crossmark Global Holdings Inc. now owns 37,625 shares of the insurance provider’s stock valued at $3,619,000 after acquiring an additional 7,448 shares during the last quarter. Finally, World Investment Advisors raised its holdings in Arch Capital Group by 114.1% in the 1st quarter. World Investment Advisors now owns 6,321 shares of the insurance provider’s stock valued at $608,000 after acquiring an additional 3,369 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

About Arch Capital Group

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