BidaskClub Downgrades Arch Capital Group (ACGL) to Sell

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.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Wednesday, October 25th. The insurance provider reported ($0.79) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.59) by ($0.20). The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.16 billion. Arch Capital Group had a return on equity of 5.57% and a net margin of 9.44%. The firm’s revenue was up 30.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.14 EPS. equities analysts expect that Arch Capital Group will post 3.23 earnings per share for the current year.

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.

Analyst Recommendations for Arch Capital Group (NASDAQ:ACGL)

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