KBW Remains a Hold on Arch Capital Group (ACGL)

KBW analyst Meyer Shields maintained a Hold rating on Arch Capital Group today and set a price target of $104.00.

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Shields covers the Financial sector, focusing on stocks such as Allstate, Progressive, and Chubb. According to TipRanks, Shields has an average return of 10.8% and a 65.65% success rate on recommended stocks.

In addition to KBW, Arch Capital Group also received a Hold from J.P. Morgan’s Jimmy Bhullar in a report issued on March 5. However, on February 27, TipRanks – OpenAI reiterated a Buy rating on Arch Capital Group (NASDAQ: ACGL).

Based on Arch Capital Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.39 billion and a net profit of $1.24 billion. In comparison, last year the company earned a revenue of $5.02 billion and had a net profit of $935 million

Based on the recent corporate insider activity of 50 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, Maamoun Rajeh, the President of ACGL sold 47,430.00 shares for a total of $4,558,497.30.