Key Points
- Director Daniel Joseph Houston bought 5,300 shares of Arch Capital on April 30 at an average price of $94.08, spending $498,624 and increasing his stake to 9,915 shares (a 114.84% rise).
- Arch reported strong quarterly results with $2.50 EPS, $4.52 billion in revenue, a 17.61% ROE and a 24.64% net margin, while analysts project about 9.35 EPS for the current year.
- The stock trades with a market cap of $33.36 billion and a P/E of 7.19, and carries a consensus rating of "Hold" with an average price target of $106.61.
Arch Capital Group Ltd. (NASDAQ:ACGL - Get Free Report) Director Daniel Joseph Houston acquired 5,300 shares of Arch Capital Group stock in a transaction on Thursday, April 30th. The shares were bought at an average cost of $94.08 per share, for a total transaction of $498,624.00. Following the completion of the purchase, the director directly owned 9,915 shares of the company's stock, valued at $932,803.20. The trade was a 114.84% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Arch Capital Group Trading Down 0.2%
Shares of NASDAQ ACGL opened at $93.65 on Tuesday. The business's 50 day moving average is $96.37 and its two-hundred day moving average is $94.23. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.55 and a quick ratio of 0.53. Arch Capital Group Ltd. has a 1-year low of $82.44 and a 1-year high of $103.39. The stock has a market capitalization of $33.36 billion, a P/E ratio of 7.19, a PEG ratio of 5.12 and a beta of 0.35.
Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%.The company had revenue of $4.52 billion for the quarter. As a group, research analysts expect that Arch Capital Group Ltd. will post 9.35 EPS for the current year.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on ACGL shares. Barclays increased their target price on shares of Arch Capital Group from $104.00 to $106.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 8th. Weiss Ratings raised Arch Capital Group from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, February 4th. Wells Fargo & Company boosted their price objective on shares of Arch Capital Group from $109.00 to $110.00 and gave the company an "overweight" rating in a research report on Thursday, April 30th. UBS Group reissued a "buy" rating and issued a $114.00 price objective (up from $113.00) on shares of Arch Capital Group in a research report on Tuesday, February 17th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Arch Capital Group from $117.00 to $110.00 and set a "neutral" rating for the company in a research report on Monday, April 20th. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $106.61.
Check Out Our Latest Research Report on ACGL
Hedge Funds Weigh In On Arch Capital Group
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Bridges Investment Management Inc. purchased a new position in Arch Capital Group during the third quarter valued at approximately $1,413,000. Allianz Asset Management GmbH increased its holdings in Arch Capital Group by 12.5% during the third quarter. Allianz Asset Management GmbH now owns 192,567 shares of the insurance provider's stock valued at $17,472,000 after buying an additional 21,323 shares during the period. High Ground Investment Management LLP increased its holdings in Arch Capital Group by 3.5% during the third quarter. High Ground Investment Management LLP now owns 1,714,668 shares of the insurance provider's stock valued at $155,572,000 after buying an additional 58,151 shares during the period. WCM Investment Management LLC raised its holdings in Arch Capital Group by 1.3% in the third quarter. WCM Investment Management LLC now owns 13,525,402 shares of the insurance provider's stock worth $1,214,987,000 after purchasing an additional 171,693 shares in the last quarter. Finally, Cooke & Bieler LP bought a new position in Arch Capital Group in the third quarter worth about $210,856,000. Institutional investors own 89.07% of the company's stock.
Arch Capital Group Company Profile
(
Get Free Report)
Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.
Arch's product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.
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