Arch Capital Group (ACGL) – Investment Analysts’ Weekly Ratings Changes

by · The Cerbat Gem

A number of firms have modified their ratings and price targets on shares of Arch Capital Group (NASDAQ: ACGL) recently:

  • 10/16/2024 – Arch Capital Group was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
  • 10/15/2024 – Arch Capital Group had its price target raised by analysts at JMP Securities from $115.00 to $125.00. They now have a “market outperform” rating on the stock.
  • 10/10/2024 – Arch Capital Group had its price target raised by analysts at Wells Fargo & Company from $110.00 to $126.00. They now have an “overweight” rating on the stock.
  • 10/10/2024 – Arch Capital Group had its price target raised by analysts at JPMorgan Chase & Co. from $108.00 to $110.00. They now have a “neutral” rating on the stock.
  • 10/10/2024 – Arch Capital Group had its price target raised by analysts at Bank of America Co. from $119.00 to $135.00. They now have a “buy” rating on the stock.
  • 10/9/2024 – Arch Capital Group had its price target raised by analysts at Evercore ISI from $104.00 to $107.00. They now have an “in-line” rating on the stock.
  • 10/9/2024 – Arch Capital Group had its price target raised by analysts at Jefferies Financial Group Inc. from $114.00 to $134.00. They now have a “buy” rating on the stock.
  • 9/20/2024 – Arch Capital Group had its price target raised by analysts at TD Cowen from $116.00 to $138.00. They now have a “buy” rating on the stock.
  • 9/10/2024 – Arch Capital Group had its price target raised by analysts at Citigroup Inc. from $105.00 to $114.00. They now have a “neutral” rating on the stock.
  • 9/4/2024 – Arch Capital Group is now covered by analysts at Barclays PLC. They set an “equal weight” rating and a $120.00 price target on the stock.

Arch Capital Group Stock Performance

Shares of ACGL traded down $0.82 on Wednesday, reaching $106.97. 733,293 shares of the company’s stock traded hands, compared to its average volume of 1,629,820. The stock’s 50 day simple moving average is $110.46 and its two-hundred day simple moving average is $102.17. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.16. Arch Capital Group Ltd. has a 52-week low of $72.85 and a 52-week high of $116.47. The stock has a market cap of $40.17 billion, a PE ratio of 8.44, a PEG ratio of 2.01 and a beta of 0.59.

Arch Capital Group (NASDAQ:ACGL – Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.36. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The company had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the previous year, the firm earned $1.92 EPS. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. On average, analysts forecast that Arch Capital Group Ltd. will post 9.06 earnings per share for the current fiscal year.

Insider Buying and Selling

In other 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 sale, the chief financial officer now directly owns 221,779 shares of the company’s stock, valued at approximately $22,723,476.34. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.20% of the stock is currently owned by insiders.

Institutional Trading of Arch Capital Group

Several institutional investors and hedge funds have recently made changes to their positions in ACGL. Fiduciary Financial Group LLC lifted its holdings in Arch Capital Group by 2.8% in the 3rd quarter. Fiduciary Financial Group LLC now owns 3,779 shares of the insurance provider’s stock worth $415,000 after buying an additional 103 shares during the period. Baldwin Brothers LLC MA lifted its position in Arch Capital Group by 50.7% in the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 104 shares in the last quarter. Fidelis Capital Partners LLC increased its holdings in Arch Capital Group by 3.1% in the 2nd quarter. Fidelis Capital Partners LLC now owns 3,553 shares of the insurance provider’s stock worth $344,000 after buying an additional 106 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in Arch Capital Group by 1.8% in the first quarter. Sunbelt Securities Inc. now owns 6,679 shares of the insurance provider’s stock worth $617,000 after purchasing an additional 117 shares during the last quarter. Finally, Resonant Capital Advisors LLC grew its holdings in shares of Arch Capital Group by 2.1% in the first quarter. Resonant Capital Advisors LLC now owns 5,802 shares of the insurance provider’s stock worth $536,000 after acquiring an additional 118 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.

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.

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