Arch Capital Group (NASDAQ:ACGL) Earns Equal Weight Rating from Analysts at Barclays

Barclays initiated coverage on shares of Arch Capital Group (NASDAQ:ACGL) in a research note issued to investors on Wednesday morning, Marketbeat reports. The firm issued an equal weight rating and a $120.00 target price on the insurance provider’s stock.

Other analysts also recently issued reports about the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Arch Capital Group from $120.00 to $121.00 and gave the stock an outperform rating in a report on Wednesday, August 7th. Bank of America cut their price objective on Arch Capital Group from $119.00 to $118.00 and set a buy rating for the company in a report on Thursday, July 11th. JMP Securities boosted their target price on Arch Capital Group from $110.00 to $115.00 and gave the stock a market outperform rating in a research report on Wednesday, July 31st. Royal Bank of Canada upped their target price on Arch Capital Group from $108.00 to $112.00 and gave the stock an outperform rating in a research note on Thursday, August 1st. Finally, Wells Fargo & Company decreased their price target on shares of Arch Capital Group from $111.00 to $110.00 and set an overweight rating on the stock in a research note on Monday, August 12th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Arch Capital Group currently has an average rating of Moderate Buy and an average price target of $107.44.

Arch Capital Group Stock Down 1.6 %

ACGL opened at $110.45 on Wednesday. Arch Capital Group has a 12 month low of $72.85 and a 12 month high of $114.65. The company has a market cap of $41.47 billion, a PE ratio of 8.72, a price-to-earnings-growth ratio of 2.05 and a beta of 0.60. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.16. The company has a 50 day moving average of $101.36 and a 200 day moving average of $97.13.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.36. The firm had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.89 billion. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.92 earnings per share. On average, sell-side analysts expect that Arch Capital Group will post 9.01 EPS for the current year.

Insider Activity

In related news, CFO Francois Morin sold 11,460 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $102.46, for a total value of $1,174,191.60. Following the completion of the transaction, the chief financial officer now directly owns 221,779 shares of the company’s stock, valued at $22,723,476.34. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On Arch Capital Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its position in shares of Arch Capital Group by 19.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 89,148 shares of the insurance provider’s stock worth $6,621,000 after buying an additional 14,233 shares during the period. Gladstone Capital Management LLP grew its stake in shares of Arch Capital Group by 52.8% during the 4th quarter. Gladstone Capital Management LLP now owns 1,385,307 shares of the insurance provider’s stock valued at $102,887,000 after purchasing an additional 478,570 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of Arch Capital Group by 61.6% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,191,282 shares of the insurance provider’s stock valued at $237,017,000 after purchasing an additional 1,216,080 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its stake in shares of Arch Capital Group by 5.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 431,105 shares of the insurance provider’s stock worth $39,851,000 after purchasing an additional 21,332 shares during the period. Finally, Alaska Permanent Fund Corp boosted its holdings in shares of Arch Capital Group by 42.2% in the first quarter. Alaska Permanent Fund Corp now owns 54,578 shares of the insurance provider’s stock worth $5,045,000 after buying an additional 16,208 shares during the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Company Profile

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.