Arch Capital Group (ACGL) Raised to “Sell” at BidaskClub

Arch Capital Group (NASDAQ:ACGL) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Tuesday, January 16th.

Several other research firms have also issued reports on ACGL. Wells Fargo & Co set a $100.00 price target on Arch Capital Group and gave the stock a “hold” rating in a research report on Thursday, October 26th. UBS Group reduced their price target on Arch Capital Group from $114.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, September 19th. Keefe, Bruyette & Woods restated a “hold” rating and set a $100.00 price target on shares of Arch Capital Group in a research report on Thursday, September 21st. Zacks Investment Research lowered Arch Capital Group from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $113.00 price objective on shares of Arch Capital Group in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $100.40.

Arch Capital Group (NASDAQ ACGL) opened at $86.88 on Tuesday. 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 1 year low of $85.35 and a 1 year high of $102.60. The company has a market capitalization of $11,370.33, a PE ratio of 29.25, a PEG ratio of 1.27 and a beta of 0.62.

In other news, insider Louis T. Petrillo sold 5,921 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $91.07, for a total value of $539,225.47. Following the completion of the transaction, the insider now owns 43,268 shares in the company, valued at approximately $3,940,416.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Mark Donald Lyons sold 5,500 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $92.04, for a total value of $506,220.00. The disclosure for this sale can be found here. Company insiders own 6.60% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Nordea Investment Management AB raised its stake in Arch Capital Group by 3.1% during the second quarter. Nordea Investment Management AB now owns 3,300 shares of the insurance provider’s stock valued at $308,000 after buying an additional 100 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Arch Capital Group by 3.2% during the second quarter. Ameriprise Financial Inc. now owns 7,577 shares of the insurance provider’s stock valued at $706,000 after buying an additional 237 shares during the last quarter. Toronto Dominion Bank raised 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 valued at $149,000 after buying an additional 253 shares during the last quarter. Prudential Financial Inc. raised its stake in Arch Capital Group by 8.8% during the second quarter. Prudential Financial Inc. now owns 6,160 shares of the insurance provider’s stock valued at $575,000 after buying an additional 500 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its stake in Arch Capital Group by 22.6% during the second quarter. Neuberger Berman Group LLC now owns 2,730 shares of the insurance provider’s stock valued at $255,000 after buying an additional 503 shares during the last quarter. Institutional investors and hedge funds own 79.01% of the company’s stock.

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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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