BidaskClub downgraded shares of Arch Capital Group (NASDAQ:ACGL) from a hold rating to a sell rating in a research report report published on Thursday morning.
Several other research firms also recently issued reports on ACGL. Keefe, Bruyette & Woods restated a hold rating and set a $101.00 price objective on shares of Arch Capital Group in a report on Wednesday, December 6th. Wells Fargo & Company set a $100.00 price objective on shares of Arch Capital Group and gave the stock a hold rating in a report on Thursday, October 26th. Barclays boosted their price objective on shares of Arch Capital Group from $91.00 to $95.00 and gave the stock an equal weight rating in a report on Monday, October 16th. UBS dropped their price objective on shares of Arch Capital Group from $114.00 to $110.00 and set a buy rating on the stock in a report on Tuesday, September 19th. Finally, Buckingham Research started coverage on shares of Arch Capital Group in a report on Monday, September 11th. They set a buy rating and a $106.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. Arch Capital Group presently has an average rating of Hold and a consensus price target of $100.80.
Arch Capital Group (NASDAQ:ACGL) opened at $92.01 on Thursday. The firm has a market cap of $12,041.72, a price-to-earnings ratio of 30.98, a price-to-earnings-growth ratio of 2.59 and a beta of 0.67. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.49. Arch Capital Group has a 52-week low of $84.21 and a 52-week high of $102.60.
In related news, CEO Nicolas Papadopoulo sold 54,554 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $95.53, for a total value of $5,211,543.62. Following the sale, the chief executive officer now owns 147,481 shares of the company’s stock, valued at $14,088,859.93. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Mark Donald Lyons sold 9,967 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $97.31, for a total transaction of $969,888.77. The disclosure for this sale can be found here. In the last three months, insiders sold 103,439 shares of company stock worth $9,965,430. 6.60% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Acrospire Investment Management LLC bought a new stake in Arch Capital Group during the second quarter worth about $112,000. Vantage Investment Advisors LLC grew its stake in Arch Capital Group by 1,372.9% during the second quarter. Vantage Investment Advisors LLC now owns 1,252 shares of the insurance provider’s stock worth $117,000 after buying an additional 1,167 shares during the last quarter. Parallel Advisors LLC grew its stake in Arch Capital Group by 0.4% during the second quarter. Parallel Advisors LLC now owns 1,356 shares of the insurance provider’s stock worth $132,000 after buying an additional 6 shares during the last quarter. Toronto Dominion Bank grew its stake in Arch Capital Group by 18.8% during the second quarter. Toronto Dominion Bank now owns 1,596 shares of the insurance provider’s stock worth $149,000 after buying an additional 253 shares during the last quarter. Finally, Pacer Advisors Inc. bought a new stake in Arch Capital Group during the second quarter worth about $197,000. 79.50% of the stock is currently owned by institutional investors and hedge funds.
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Arch Capital Group Company Profile
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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