BidaskClub upgraded shares of Arch Capital Group (NASDAQ:ACGL) from a hold rating to a buy rating in a research report sent to investors on Saturday.
Several other research analysts have also recently weighed in on ACGL. Credit Suisse Group began coverage on shares of Arch Capital Group in a report on Tuesday, August 7th. They issued a neutral rating and a $34.00 price target on the stock. Zacks Investment Research cut shares of Arch Capital Group from a buy rating to a hold rating in a report on Thursday, July 12th. TheStreet raised shares of Arch Capital Group from a c rating to a b- rating in a report on Monday, July 30th. ValuEngine cut shares of Arch Capital Group from a sell rating to a strong sell rating in a report on Monday, July 2nd. Finally, Royal Bank of Canada reaffirmed a buy rating on shares of Arch Capital Group in a report on Thursday, August 2nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $18.33.
Arch Capital Group stock traded down $0.12 during trading hours on Friday, hitting $30.22. The company had a trading volume of 795,868 shares, compared to its average volume of 1,276,239. The stock has a market cap of $12.30 billion, a P/E ratio of 28.24, a P/E/G ratio of 1.24 and a beta of 0.69. The company has a quick ratio of 0.52, a current ratio of 0.75 and a debt-to-equity ratio of 0.31. Arch Capital Group has a one year low of $25.71 and a one year high of $34.20.
In related news, CFO Mark Donald Lyons sold 12,000 shares of Arch Capital Group stock in a transaction that occurred on Tuesday, May 15th. The shares were sold at an average price of $78.36, for a total value of $940,320.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Francois Morin sold 1,938 shares of Arch Capital Group stock in a transaction that occurred on Monday, June 11th. The shares were sold at an average price of $83.11, for a total transaction of $161,067.18. Following the completion of the transaction, the chief financial officer now directly owns 8,902 shares in the company, valued at $739,845.22. The disclosure for this sale can be found here. Insiders have sold 20,108 shares of company stock worth $1,600,417 over the last ninety days. Insiders own 5.10% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Hall Laurie J Trustee boosted its position in Arch Capital Group by 200.0% in the second quarter. Hall Laurie J Trustee now owns 4,989 shares of the insurance provider’s stock valued at $132,000 after buying an additional 3,326 shares in the last quarter. Twin Tree Management LP acquired a new stake in Arch Capital Group in the first quarter valued at approximately $141,000. D Orazio & Associates Inc. boosted its position in Arch Capital Group by 200.0% in the second quarter. D Orazio & Associates Inc. now owns 5,400 shares of the insurance provider’s stock valued at $143,000 after buying an additional 3,600 shares in the last quarter. Systematic Financial Management LP boosted its position in Arch Capital Group by 200.0% in the second quarter. Systematic Financial Management LP now owns 6,300 shares of the insurance provider’s stock valued at $167,000 after buying an additional 4,200 shares in the last quarter. Finally, Daiwa SB Investments Ltd. acquired a new stake in Arch Capital Group in the second quarter valued at approximately $178,000. 28.20% of the stock is currently owned by institutional investors and hedge funds.
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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