Arch Capital Group (NASDAQ:ACGL) Stock Rating Lowered by Jefferies Financial Group

Jefferies Financial Group cut shares of Arch Capital Group (NASDAQ:ACGL) from a buy rating to a hold rating in a report issued on Tuesday morning, MarketBeat reports. Jefferies Financial Group currently has $100.00 target price on the insurance provider’s stock, down from their previous target price of $106.00.

Other equities research analysts also recently issued research reports about the stock. UBS Group cut their target price on shares of Arch Capital Group from $127.00 to $124.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Barclays dropped their price objective on shares of Arch Capital Group from $100.00 to $93.00 and set an “equal weight” rating on the stock in a report on Friday, April 11th. Wells Fargo & Company raised their price objective on shares of Arch Capital Group from $106.00 to $108.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. Keefe, Bruyette & Woods raised their price objective on shares of Arch Capital Group from $104.00 to $113.00 and gave the stock an “outperform” rating in a report on Tuesday, May 6th. Finally, JMP Securities reissued a “market outperform” rating and issued a $125.00 price objective on shares of Arch Capital Group in a report on Wednesday, April 30th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.63.

Arch Capital Group Trading Down 2.8%

NASDAQ:ACGL opened at $89.77 on Tuesday. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. Arch Capital Group has a 12 month low of $82.49 and a 12 month high of $116.47. The company has a market cap of $33.64 billion, a PE ratio of 8.02, a price-to-earnings-growth ratio of 2.31 and a beta of 0.53. The company has a 50 day simple moving average of $92.35 and a two-hundred day simple moving average of $92.89.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Tuesday, April 29th. The insurance provider reported $1.54 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.05). Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. The company had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.75 billion. During the same period last year, the firm posted $2.45 EPS. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. Research analysts forecast that Arch Capital Group will post 8.42 earnings per share for the current year.

Insider Buying and Selling at Arch Capital Group

In other news, CFO Francois Morin sold 12,630 shares of Arch Capital Group stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $94.58, for a total transaction of $1,194,545.40. Following the sale, the chief financial officer now owns 274,681 shares in the company, valued at $25,979,328.98. This trade represents a 4.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Nicolas Papadopoulo sold 7,636 shares of Arch Capital Group stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $92.48, for a total transaction of $706,177.28. Following the sale, the chief executive officer now owns 795,718 shares in the company, valued at approximately $73,588,000.64. The trade was a 0.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 111,976 shares of company stock valued at $10,531,038 over the last 90 days. 4.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Arch Capital Group

Several institutional investors and hedge funds have recently modified their holdings of ACGL. Golden State Wealth Management LLC bought a new stake in shares of Arch Capital Group during the fourth quarter valued at approximately $42,000. Empowered Funds LLC increased its position in Arch Capital Group by 124.0% in the fourth quarter. Empowered Funds LLC now owns 28,756 shares of the insurance provider’s stock worth $2,656,000 after purchasing an additional 15,917 shares during the last quarter. Savant Capital LLC increased its position in Arch Capital Group by 14.5% in the fourth quarter. Savant Capital LLC now owns 14,102 shares of the insurance provider’s stock worth $1,302,000 after purchasing an additional 1,790 shares during the last quarter. Summit Trail Advisors LLC increased its position in Arch Capital Group by 76.2% in the fourth quarter. Summit Trail Advisors LLC now owns 22,486 shares of the insurance provider’s stock worth $2,077,000 after purchasing an additional 9,723 shares during the last quarter. Finally, Axecap Investments LLC increased its position in Arch Capital Group by 24.4% in the fourth quarter. Axecap Investments LLC now owns 35,746 shares of the insurance provider’s stock worth $3,301,000 after purchasing an additional 7,005 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

About Arch Capital Group

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.