JMP Securities Reiterates “Market Outperform” Rating for Arch Capital Group (NASDAQ:ACGL)

JMP Securities reaffirmed their market outperform rating on shares of Arch Capital Group (NASDAQ:ACGL) in a research report released on Monday, Benzinga reports. JMP Securities currently has a $100.00 price target on the insurance provider’s stock.

ACGL has been the subject of several other reports. Evercore ISI lifted their price target on shares of Arch Capital Group from $92.00 to $100.00 and gave the company an in-line rating in a report on Thursday, April 11th. UBS Group cut their price target on shares of Arch Capital Group from $101.00 to $97.00 and set a buy rating for the company in a report on Wednesday, January 10th. Wells Fargo & Company lifted their price target on shares of Arch Capital Group from $104.00 to $109.00 and gave the company an overweight rating in a report on Thursday, April 11th. Royal Bank of Canada reissued an outperform rating and set a $98.00 price target on shares of Arch Capital Group in a report on Friday, February 16th. Finally, StockNews.com downgraded shares of Arch Capital Group from a buy rating to a hold rating in a report on Monday, March 11th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $96.23.

Arch Capital Group Price Performance

NASDAQ:ACGL opened at $90.63 on Monday. The company has a 50-day moving average of $89.19 and a 200-day moving average of $83.84. The company has a market capitalization of $34.00 billion, a price-to-earnings ratio of 7.80, a PEG ratio of 1.12 and a beta of 0.57. Arch Capital Group has a 52 week low of $69.05 and a 52 week high of $95.01. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.57.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Thursday, February 15th. The insurance provider reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.55. The company had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.67 billion. Arch Capital Group had a net margin of 32.59% and a return on equity of 21.94%. During the same period last year, the firm earned $2.14 EPS. As a group, equities research analysts anticipate that Arch Capital Group will post 8.02 earnings per share for the current fiscal year.

Insider Transactions at Arch Capital Group

In other news, CFO Francois Morin sold 25,689 shares of Arch Capital Group stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the completion of the sale, the chief financial officer now owns 221,779 shares in the company, valued at approximately $19,399,009.13. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Francois Morin sold 25,689 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the completion of the transaction, the chief financial officer now owns 221,779 shares in the company, valued at $19,399,009.13. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Maamoun Rajeh sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the transaction, the chief executive officer now owns 336,170 shares of the company’s stock, valued at approximately $29,408,151.60. The disclosure for this sale can be found here. Insiders sold a total of 135,689 shares of company stock worth $11,872,217 in the last quarter. 4.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ACGL. Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of Arch Capital Group in the fourth quarter worth $27,000. Larson Financial Group LLC acquired a new position in shares of Arch Capital Group in the fourth quarter valued at about $30,000. Richardson Financial Services Inc. acquired a new position in shares of Arch Capital Group in the fourth quarter valued at about $33,000. First Horizon Advisors Inc. grew its stake in shares of Arch Capital Group by 151.0% in the first quarter. First Horizon Advisors Inc. now owns 497 shares of the insurance provider’s stock valued at $34,000 after acquiring an additional 299 shares in the last quarter. Finally, Steward Financial Group LLC grew its stake in shares of Arch Capital Group by 180.7% in the third quarter. Steward Financial Group LLC now owns 525 shares of the insurance provider’s stock valued at $41,000 after acquiring an additional 338 shares in 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.