Arch Capital Group (NASDAQ:ACGL) Price Target Raised to $106.00

Arch Capital Group (NASDAQ:ACGL) had its price objective raised by Jefferies Financial Group from $105.00 to $106.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have a buy rating on the insurance provider’s stock.

A number of other equities analysts have also recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Arch Capital Group from $106.00 to $107.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods dropped their target price on shares of Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Morgan Stanley decreased their price target on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Wells Fargo & Company dropped their price objective on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Finally, Royal Bank of Canada decreased their target price on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Arch Capital Group currently has an average rating of “Moderate Buy” and an average price target of $114.88.

Arch Capital Group Price Performance

Shares of NASDAQ:ACGL opened at $92.13 on Friday. Arch Capital Group has a 52 week low of $82.49 and a 52 week high of $116.47. The company has a 50-day moving average price of $91.52 and a 200 day moving average price of $96.40. The company has a market cap of $34.61 billion, a P/E ratio of 8.23, a PEG ratio of 2.31 and a beta of 0.36. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, beating the consensus estimate of $1.90 by $0.36. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. During the same period in the previous year, the company posted $2.45 earnings per share. Research analysts predict that Arch Capital Group will post 8.42 earnings per share for the current year.

Insider Activity

In other news, insider Louis T. Petrillo sold 11,600 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the sale, the insider now owns 140,023 shares in the company, valued at $12,742,093. This trade represents a 7.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 4.10% of the company’s stock.

Hedge Funds Weigh In On Arch Capital Group

Several large investors have recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund grew its holdings in Arch Capital Group by 0.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 32,147 shares of the insurance provider’s stock valued at $2,969,000 after buying an additional 110 shares during the period. Cim LLC grew its holdings in Arch Capital Group by 1.1% in the fourth quarter. Cim LLC now owns 11,194 shares of the insurance provider’s stock valued at $1,034,000 after purchasing an additional 124 shares during the period. CreativeOne Wealth LLC increased its position in Arch Capital Group by 4.9% during the fourth quarter. CreativeOne Wealth LLC now owns 2,682 shares of the insurance provider’s stock worth $248,000 after purchasing an additional 126 shares during the last quarter. HBK Sorce Advisory LLC raised its stake in Arch Capital Group by 5.7% during the fourth quarter. HBK Sorce Advisory LLC now owns 2,373 shares of the insurance provider’s stock worth $219,000 after purchasing an additional 127 shares during the period. Finally, Flagship Harbor Advisors LLC raised its stake in Arch Capital Group by 5.9% during the fourth quarter. Flagship Harbor Advisors LLC now owns 2,315 shares of the insurance provider’s stock worth $214,000 after purchasing an additional 129 shares during the period. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Company Profile

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.