Arch Capital Group (NASDAQ:ACGL) Price Target Raised to $102.00 at Mizuho

Arch Capital Group (NASDAQ:ACGL) had its price objective lifted by equities research analysts at Mizuho from $95.00 to $102.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the insurance provider’s stock. Mizuho’s price objective points to a potential upside of 3.44% from the company’s current price.

Several other equities research analysts also recently commented on the stock. Keefe, Bruyette & Woods upped their target price on shares of Arch Capital Group from $100.00 to $102.00 and gave the company a “market perform” rating in a research note on Tuesday, January 6th. Citigroup reissued a “market outperform” rating on shares of Arch Capital Group in a research report on Friday, January 16th. Wells Fargo & Company upped their price objective on shares of Arch Capital Group from $106.00 to $109.00 and gave the company an “overweight” rating in a research report on Wednesday. The Goldman Sachs Group reiterated a “sell” rating and set a $93.00 target price (up from $84.00) on shares of Arch Capital Group in a report on Wednesday, January 7th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $97.00 target price (up from $93.00) on shares of Arch Capital Group in a research note on Wednesday, January 14th. Nine equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $108.67.

Arch Capital Group Price Performance

Shares of ACGL opened at $98.61 on Thursday. The company has a current ratio of 0.53, a quick ratio of 0.55 and a debt-to-equity ratio of 0.13. Arch Capital Group has a 1 year low of $82.44 and a 1 year high of $103.39. The stock has a market cap of $35.76 billion, a P/E ratio of 8.49, a price-to-earnings-growth ratio of 2.05 and a beta of 0.42. The stock’s 50-day moving average price is $94.85 and its two-hundred day moving average price is $91.74.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Monday, February 9th. The insurance provider reported $2.98 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.64. The company had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.94 billion. Arch Capital Group had a return on equity of 16.73% and a net margin of 22.07%.During the same period in the prior year, the business posted $2.26 EPS. On average, equities analysts predict that Arch Capital Group will post 8.42 earnings per share for the current year.

Insiders Place Their Bets

In other Arch Capital Group news, insider John M. Pasquesi sold 203,866 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $93.90, for a total value of $19,143,017.40. Following the completion of the transaction, the insider directly owned 351,356 shares in the company, valued at $32,992,328.40. This trade represents a 36.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Francois Morin sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $94.62, for a total value of $756,960.00. Following the sale, the chief financial officer owned 266,681 shares in the company, valued at approximately $25,233,356.22. This represents a 2.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 220,666 shares of company stock valued at $20,728,673. 4.20% of the stock is owned by insiders.

Institutional Trading of Arch Capital Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in ACGL. Riverwater Partners LLC bought a new position in shares of Arch Capital Group in the 4th quarter valued at about $335,000. Principal Securities Inc. raised its holdings in shares of Arch Capital Group by 39.0% in the 4th quarter. Principal Securities Inc. now owns 16,818 shares of the insurance provider’s stock valued at $1,613,000 after purchasing an additional 4,715 shares during the period. Aviva PLC lifted its stake in Arch Capital Group by 6.2% in the 4th quarter. Aviva PLC now owns 319,263 shares of the insurance provider’s stock valued at $30,624,000 after purchasing an additional 18,686 shares during the last quarter. Caerus Investment Advisors LLC bought a new position in Arch Capital Group during the fourth quarter worth about $272,000. Finally, Sepio Capital LP acquired a new position in Arch Capital Group during the fourth quarter worth approximately $201,000. 89.07% of the stock is owned by institutional investors.

Arch Capital Group Company Profile

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.