Arch Capital Group (NASDAQ:ACGL) Price Target Raised to $122.50

Arch Capital Group (NASDAQ:ACGL) had its target price hoisted by research analysts at Citigroup from $120.00 to $122.50 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the insurance provider’s stock. Citigroup’s price objective points to a potential upside of 29.74% from the company’s previous close.

A number of other equities analysts have also weighed in on the stock. JPMorgan Chase & Co. dropped their price target on shares of Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating for the company in a research report on Monday, April 20th. Barclays upped their price target on shares of Arch Capital Group from $104.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $93.00 price objective (up from $84.00) on shares of Arch Capital Group in a research note on Wednesday, January 7th. Keefe, Bruyette & Woods upped their price objective on Arch Capital Group from $104.00 to $105.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 7th. Finally, Morgan Stanley set a $125.00 price objective on Arch Capital Group in a research note on Friday, January 16th. Eight equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Arch Capital Group has a consensus rating of “Hold” and an average target price of $108.04.

Arch Capital Group Stock Performance

NASDAQ:ACGL traded up $1.70 during mid-day trading on Thursday, hitting $94.42. 1,750,808 shares of the company traded hands, compared to its average volume of 2,014,730. The stock’s fifty day moving average price is $96.45 and its 200-day moving average price is $94.20. Arch Capital Group has a one year low of $82.44 and a one year high of $103.39. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.13. The firm has a market cap of $33.64 billion, a price-to-earnings ratio of 8.12, a price-to-earnings-growth ratio of 4.80 and a beta of 0.41.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share for the quarter. The business had revenue of $4.52 billion during the quarter. Arch Capital Group had a net margin of 22.07% and a return on equity of 16.73%. Research analysts anticipate that Arch Capital Group will post 9.34 earnings per share for the current fiscal year.

Insider Activity

In other Arch Capital Group news, CEO Nicolas Papadopoulo sold 21,930 shares of Arch Capital Group stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $96.31, for a total transaction of $2,112,078.30. Following the completion of the sale, the chief executive officer directly owned 871,594 shares of the company’s stock, valued at $83,943,218.14. The trade was a 2.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David Gansberg sold 5,907 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $96.37, for a total transaction of $569,257.59. Following the transaction, the insider owned 336,559 shares in the company, valued at approximately $32,434,190.83. The trade was a 1.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 78,267 shares of company stock worth $7,291,637 over the last 90 days. Insiders own 3.30% of the company’s stock.

Institutional Investors Weigh In On Arch Capital Group

Several large investors have recently modified their holdings of the business. Daymark Wealth Partners LLC raised its holdings in shares of Arch Capital Group by 3.4% in the 4th quarter. Daymark Wealth Partners LLC now owns 3,211 shares of the insurance provider’s stock valued at $308,000 after purchasing an additional 106 shares in the last quarter. Keel Point LLC raised its position in shares of Arch Capital Group by 4.6% in the 3rd quarter. Keel Point LLC now owns 2,524 shares of the insurance provider’s stock worth $229,000 after acquiring an additional 112 shares in the last quarter. Legacy Advisors LLC raised its position in shares of Arch Capital Group by 1.2% in the 4th quarter. Legacy Advisors LLC now owns 9,551 shares of the insurance provider’s stock worth $916,000 after acquiring an additional 112 shares in the last quarter. V Square Quantitative Management LLC raised its position in shares of Arch Capital Group by 1.3% in the 1st quarter. V Square Quantitative Management LLC now owns 9,453 shares of the insurance provider’s stock worth $907,000 after acquiring an additional 123 shares in the last quarter. Finally, Compound Planning Inc. raised its stake in shares of Arch Capital Group by 5.0% during the 3rd quarter. Compound Planning Inc. now owns 2,644 shares of the insurance provider’s stock worth $240,000 after acquiring an additional 127 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

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.