Arch Capital Group (NASDAQ:ACGL) Price Target Increased to $100.00 by Analysts at Evercore ISI

Arch Capital Group (NASDAQ:ACGL) had its price target lifted by Evercore ISI from $98.00 to $100.00 in a research report report published on Tuesday morning, Benzinga reports. The brokerage currently has an in-line rating on the insurance provider’s stock.

Several other brokerages have also recently weighed in on ACGL. JPMorgan Chase & Co. upped their price objective on shares of Arch Capital Group from $88.00 to $92.00 and gave the stock a neutral rating in a research note on Monday, April 8th. Wells Fargo & Company raised their price target on Arch Capital Group from $104.00 to $109.00 and gave the stock an overweight rating in a research report on Thursday, April 11th. JMP Securities reissued a market outperform rating and set a $100.00 price target on shares of Arch Capital Group in a research report on Monday, April 15th. StockNews.com downgraded shares of Arch Capital Group from a buy rating to a hold rating in a report on Monday, March 11th. Finally, TD Cowen began coverage on shares of Arch Capital Group in a research note on Wednesday, January 10th. They issued an outperform rating and a $96.00 target price for the company. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $100.60.

Arch Capital Group Stock Up 2.5 %

Arch Capital Group stock opened at $93.54 on Tuesday. The firm has a fifty day moving average price of $90.44 and a two-hundred day moving average price of $84.49. Arch Capital Group has a fifty-two week low of $69.05 and a fifty-two week high of $95.01. The firm has a market cap of $35.09 billion, a price-to-earnings ratio of 8.05, a P/E/G ratio of 1.13 and a beta of 0.57. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.57 and a quick ratio 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, beating analysts’ consensus estimates of $2.06 by $0.39. The firm had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $3.77 billion. Arch Capital Group had a net margin of 32.59% and a return on equity of 21.94%. The business’s revenue was up 19.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.73 EPS. As a group, analysts forecast 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, CFO Francois Morin sold 25,689 shares of the 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 transaction, 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 document filed with the SEC, which is accessible through the SEC website. In other news, CFO Francois Morin sold 25,689 shares of the business’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 approximately $19,399,009.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Maamoun Rajeh sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was 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 $29,408,151.60. The disclosure for this sale can be found here. In the last three months, insiders sold 135,689 shares of company stock worth $11,872,217. 4.00% of the stock is owned by company insiders.

Institutional Trading of Arch Capital Group

Several institutional investors have recently modified their holdings of the business. Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of Arch Capital Group in the 4th quarter valued at $27,000. Larson Financial Group LLC acquired a new stake in Arch Capital Group in the fourth quarter worth $30,000. Richardson Financial Services Inc. acquired a new position in Arch Capital Group during the fourth quarter worth $33,000. CVA Family Office LLC purchased a new position in shares of Arch Capital Group during the fourth quarter valued at approximately $47,000. Finally, Indiana Trust & Investment Management CO bought a new stake in Arch Capital Group in the 1st quarter worth about $58,000. 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.