Arch Capital Group (NASDAQ:ACGL) Stock Rating Reaffirmed by Roth Mkm

Arch Capital Group (NASDAQ:ACGL)‘s stock had its “buy” rating restated by equities researchers at Roth Mkm in a note issued to investors on Tuesday, MarketBeat Ratings reports. They presently have a $110.00 target price on the insurance provider’s stock. Roth Mkm’s price target would suggest a potential upside of 14.82% from the stock’s previous close.

Several other research analysts have also weighed in on ACGL. UBS Group lowered their target price on shares of Arch Capital Group from $101.00 to $97.00 and set a “buy” rating on the stock in a research report on Wednesday, January 10th. Wells Fargo & Company upped their target price on shares of Arch Capital Group from $104.00 to $109.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. JPMorgan Chase & Co. upped their target price on shares of Arch Capital Group from $88.00 to $92.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. TD Cowen started coverage on shares of Arch Capital Group in a research report on Wednesday, January 10th. They set an “outperform” rating and a $96.00 target price on the stock. Finally, JMP Securities reiterated a “market outperform” rating and issued a $100.00 price target on shares of Arch Capital Group in a research report on Monday, April 15th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Arch Capital Group has an average rating of “Moderate Buy” and an average price target of $100.67.

Arch Capital Group Trading Up 2.4 %

Shares of Arch Capital Group stock opened at $95.80 on Tuesday. 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 company’s 50-day simple moving average is $90.60 and its 200-day simple moving average is $84.56. Arch Capital Group has a 52-week low of $69.05 and a 52-week high of $96.58. The firm has a market cap of $35.94 billion, a price-to-earnings ratio of 8.24, a price-to-earnings-growth ratio of 1.14 and a beta of 0.57.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Monday, April 29th. The insurance provider reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.39. Arch Capital Group had a net margin of 33.65% and a return on equity of 23.02%. The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period in the prior year, the business posted $1.73 earnings per share. The firm’s revenue for the quarter was up 19.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Arch Capital Group will post 8.03 earnings per share for the current year.

Insider Activity at Arch Capital Group

In related news, CEO Maamoun Rajeh sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Maamoun Rajeh sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Francois Morin sold 25,689 shares of the company’s 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 directly owns 221,779 shares in the company, valued at approximately $19,399,009.13. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 135,689 shares of company stock valued at $11,872,217. Company insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On Arch Capital Group

A number of large investors have recently bought and sold shares of the stock. Assenagon Asset Management S.A. raised its stake in Arch Capital Group by 0.4% during the first quarter. Assenagon Asset Management S.A. now owns 33,283 shares of the insurance provider’s stock worth $3,077,000 after purchasing an additional 117 shares during the period. Sunbelt Securities Inc. raised its stake in Arch Capital Group by 1.8% during the first quarter. Sunbelt Securities Inc. now owns 6,679 shares of the insurance provider’s stock worth $617,000 after purchasing an additional 117 shares during the period. Resonant Capital Advisors LLC raised its stake in Arch Capital Group by 2.1% during the first quarter. Resonant Capital Advisors LLC now owns 5,802 shares of the insurance provider’s stock worth $536,000 after purchasing an additional 118 shares during the period. Petra Financial Advisors Inc. raised its stake in Arch Capital Group by 1.2% during the first quarter. Petra Financial Advisors Inc. now owns 10,574 shares of the insurance provider’s stock worth $977,000 after purchasing an additional 129 shares during the period. Finally, Harbor Capital Advisors Inc. raised its stake in Arch Capital Group by 2.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 5,448 shares of the insurance provider’s stock worth $405,000 after purchasing an additional 144 shares during the period. Hedge funds and other 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.