JMP Securities Increases Arch Capital Group (NASDAQ:ACGL) Price Target to $110.00

Arch Capital Group (NASDAQ:ACGL) had its price target increased by research analysts at JMP Securities from $100.00 to $110.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “market outperform” rating on the insurance provider’s stock. JMP Securities’ price objective indicates a potential upside of 14.82% from the stock’s previous close.

A number of other equities research analysts also recently commented on the stock. StockNews.com downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Monday, March 11th. JPMorgan Chase & Co. lifted 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. Morgan Stanley lifted 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 Monday, April 15th. UBS Group cut their target price on shares of Arch Capital Group from $101.00 to $97.00 and set a “buy” rating for the company in a research report on Wednesday, January 10th. Finally, TD Cowen initiated coverage on shares of Arch Capital Group in a research report on Wednesday, January 10th. They issued an “outperform” rating and a $96.00 target price for the company. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $100.67.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL opened at $95.80 on Tuesday. Arch Capital Group has a twelve month low of $69.05 and a twelve month high of $96.58. The firm has a market cap of $35.94 billion, a P/E ratio of 8.24, a PEG ratio of 1.14 and a beta of 0.57. The company has a 50 day moving average of $90.60 and a 200 day moving average of $84.56. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.17.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Monday, April 29th. The insurance provider reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $3.77 billion. During the same period in the previous year, the business earned $1.73 EPS. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. As a group, research analysts expect that Arch Capital Group will post 8.03 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Francois Morin sold 25,689 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $87.47, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Arch Capital Group news, CFO Francois Morin sold 25,689 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $87.47, for a total value of $2,247,016.83. Following the sale, 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 filing with the SEC, which can be accessed through the SEC website. Also, CEO Maamoun Rajeh sold 50,000 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 336,170 shares in the company, valued at approximately $29,408,151.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 135,689 shares of company stock valued at $11,872,217. Company insiders own 4.20% of the company’s stock.

Institutional Trading of Arch Capital Group

Hedge funds have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale lifted its stake in 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 purchasing an additional 11,594 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Arch Capital Group by 601.1% during the 4th quarter. SG Americas Securities LLC now owns 141,370 shares of the insurance provider’s stock valued at $10,500,000 after buying an additional 121,206 shares in the last quarter. Treasurer of the State of North Carolina raised its position in shares of Arch Capital Group by 0.7% during the 3rd quarter. Treasurer of the State of North Carolina now owns 209,153 shares of the insurance provider’s stock valued at $16,672,000 after buying an additional 1,504 shares in the last quarter. Millington Financial Advisors LLC purchased a new stake in shares of Arch Capital Group during the 3rd quarter valued at about $1,030,000. Finally, Wedge Capital Management L L P NC raised its position in shares of Arch Capital Group by 28.9% during the 4th quarter. Wedge Capital Management L L P NC now owns 205,698 shares of the insurance provider’s stock valued at $15,277,000 after buying an additional 46,089 shares in the last quarter. 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.