RBC Capital Reaffirms Their Buy Rating on Arch Capital Group (ACGL)

RBC Capital analyst Rowland Mayor maintained a Buy rating on Arch Capital Group yesterday and set a price target of $108.00.

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According to TipRanks, Mayor is an analyst with an average return of -0.7% and a 55.56% success rate. Mayor covers the Financial sector, focusing on stocks such as Accelerant Holdings Class A, American International Group, and Kinsale Capital Group.

In addition to RBC Capital, Arch Capital Group also received a Buy from Bank of America Securities’s Joshua Shanker in a report issued yesterday. However, on January 8, Goldman Sachs maintained a Sell rating on Arch Capital Group (NASDAQ: ACGL).

Based on Arch Capital Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.98 billion and a net profit of $1.35 billion. In comparison, last year the company earned a revenue of $4.48 billion and had a net profit of $988 million

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ACGL in relation to earlier this year. Last month, John Pasquesi, a Director at ACGL sold 212,666.00 shares for a total of $19,968,738.80.