Arch Capital Group (NASDAQ:ACGL) PT Raised to $109.00

Arch Capital Group (NASDAQ:ACGL) had its target price upped by Bank of America from $105.00 to $109.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the insurance provider’s stock. Bank of America‘s price target suggests a potential upside of 16.52% from the stock’s current price.

Several other equities research analysts have also commented on the stock. Citigroup reduced their price target on shares of Arch Capital Group from $91.00 to $89.00 and set a “neutral” rating for the company in a research report on Monday, January 22nd. Wells Fargo & Company increased their price objective 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. Evercore ISI boosted their price target on shares of Arch Capital Group from $98.00 to $100.00 and gave the stock an “in-line” rating in a research report on Tuesday. TD Cowen started coverage on Arch Capital Group in a report on Wednesday, January 10th. They issued an “outperform” rating and a $96.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Arch Capital Group from $103.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $100.60.

Arch Capital Group Trading Up 2.5 %

Shares of Arch Capital Group stock traded up $2.30 during trading on Tuesday, reaching $93.55. The company’s stock had a trading volume of 1,294,499 shares, compared to its average volume of 1,703,783. Arch Capital Group has a 52-week low of $69.05 and a 52-week high of $95.01. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.17. The firm’s 50-day moving average is $90.44 and its two-hundred day moving average is $84.49. The company has a market cap of $35.09 billion, a price-to-earnings ratio of 8.07, a PEG ratio of 1.13 and a beta of 0.57.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Tuesday, April 30th. The insurance provider reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.39. The company had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $3.77 billion. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.73 earnings per share. On average, sell-side analysts anticipate that Arch Capital Group will post 8.03 earnings per share for the current year.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, insider Nicolas Papadopoulo sold 60,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the transaction, the insider now directly owns 651,931 shares of the company’s stock, valued at approximately $57,057,001.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Arch Capital Group news, CFO Francois Morin sold 25,689 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was 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 of the company’s stock, valued at $19,399,009.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nicolas Papadopoulo sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the completion of the sale, the insider now directly owns 651,931 shares in the company, valued at $57,057,001.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 135,689 shares of company stock valued at $11,872,217. 4.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Arch Capital Group

Several hedge funds and other institutional investors have recently bought and sold shares of ACGL. Caprock Group LLC boosted its stake in Arch Capital Group by 4.4% during the 1st quarter. Caprock Group LLC now owns 3,662 shares of the insurance provider’s stock valued at $339,000 after purchasing an additional 154 shares during the period. Commonwealth Equity Services LLC raised its position in shares of Arch Capital Group by 55.2% during the first quarter. Commonwealth Equity Services LLC now owns 101,766 shares of the insurance provider’s stock worth $9,407,000 after purchasing an additional 36,201 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Arch Capital Group by 11.4% in the first quarter. Principal Financial Group Inc. now owns 6,800,236 shares of the insurance provider’s stock worth $628,614,000 after buying an additional 693,608 shares during the period. Benjamin F. Edwards & Company Inc. grew its position in Arch Capital Group by 29.7% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 11,370 shares of the insurance provider’s stock worth $1,051,000 after purchasing an additional 2,605 shares in the last quarter. Finally, Meritage Portfolio Management lifted its holdings in shares of Arch Capital Group by 17.5% in the first quarter. Meritage Portfolio Management now owns 91,457 shares of the insurance provider’s stock valued at $8,454,000 after purchasing an additional 13,647 shares in the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Company Profile

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.