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

Arch Capital Group (NASDAQ:ACGL) had its target price upped by Morgan Stanley from $104.00 to $109.00 in a report published on Monday, Benzinga reports. They currently have an overweight rating on the insurance provider’s stock.

Several other equities research analysts also recently weighed in on ACGL. JMP Securities reissued a market outperform rating and issued a $100.00 target price on shares of Arch Capital Group in a research report on Monday. StockNews.com lowered shares of Arch Capital Group from a buy rating to a hold rating in a report on Monday, March 11th. TD Cowen assumed coverage on shares of Arch Capital Group in a report on Wednesday, January 10th. They issued an outperform rating and a $96.00 price target for the company. Royal Bank of Canada reaffirmed an outperform rating and issued a $98.00 price target on shares of Arch Capital Group in a report on Friday, February 16th. Finally, Citigroup decreased 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 report on Monday, January 22nd. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $96.23.

Arch Capital Group Price Performance

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 P/E ratio of 7.80, a PEG ratio of 1.12 and a beta of 0.57. Arch Capital Group has a 1-year low of $69.05 and a 1-year 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 earnings results on Thursday, February 15th. The insurance provider reported $2.49 earnings per share for the quarter, topping the consensus estimate 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 quarter in the previous year, the firm earned $2.14 EPS. Equities analysts expect that Arch Capital Group will post 8.02 EPS for the current fiscal year.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, insider Nicolas Papadopoulo sold 60,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 651,931 shares of the company’s stock, valued at approximately $57,057,001.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Arch Capital Group news, insider Nicolas Papadopoulo sold 60,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 651,931 shares of the company’s stock, valued at approximately $57,057,001.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Francois Morin sold 25,689 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 221,779 shares of the company’s stock, valued at $19,399,009.13. The disclosure for this sale can be found here. Insiders sold 135,689 shares of company stock valued at $11,872,217 in the last ninety days. Company insiders own 4.00% of the company’s stock.

Institutional Trading of Arch Capital Group

Institutional investors have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale lifted its stake in shares of Arch Capital Group by 6.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 205,548 shares of the insurance provider’s stock worth $16,756,000 after acquiring an additional 11,594 shares during the period. SG Americas Securities LLC raised its holdings in shares of Arch Capital Group by 601.1% in the 4th quarter. SG Americas Securities LLC now owns 141,370 shares of the insurance provider’s stock worth $10,500,000 after purchasing an additional 121,206 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of Arch Capital Group by 0.7% in the 3rd quarter. Treasurer of the State of North Carolina now owns 209,153 shares of the insurance provider’s stock worth $16,672,000 after purchasing an additional 1,504 shares in the last quarter. Millington Financial Advisors LLC bought a new stake in shares of Arch Capital Group in the 3rd quarter worth approximately $1,030,000. Finally, Asset Management One Co. Ltd. raised its holdings in shares of Arch Capital Group by 31.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 201,790 shares of the insurance provider’s stock worth $14,945,000 after purchasing an additional 48,587 shares in the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

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.