Arch Capital Group (NASDAQ:ACGL) Price Target Raised to $110.00

Arch Capital Group (NASDAQ:ACGL) had its target price hoisted by stock analysts at Deutsche Bank Aktiengesellschaft from $103.00 to $110.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the insurance provider’s stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 17.58% from the company’s current price.

Several other research firms have also recently issued reports on ACGL. Evercore ISI upped their target price on shares of Arch Capital Group from $98.00 to $100.00 and gave the company an “in-line” rating in a research note on Tuesday. JPMorgan Chase & Co. increased their price objective on shares of Arch Capital Group from $88.00 to $92.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. JMP Securities raised their target price on shares of Arch Capital Group from $100.00 to $110.00 and gave the stock a “market outperform” rating in a report on Tuesday. Roth Mkm reissued a “buy” rating and set a $110.00 price target on shares of Arch Capital Group in a report on Tuesday. Finally, TD Cowen assumed coverage on Arch Capital Group in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $96.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $100.60.

Arch Capital Group Stock Up 2.5 %

Shares of ACGL traded up $2.30 on Tuesday, hitting $93.55. 1,294,499 shares of the stock traded hands, compared to its average volume of 1,703,783. The company has a market capitalization of $35.09 billion, a PE ratio of 8.07, a P/E/G ratio of 1.13 and a beta of 0.57. Arch Capital Group has a one year low of $69.05 and a one 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. The business has a 50 day simple moving average of $90.44 and a 200 day simple moving average of $84.49.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Tuesday, April 30th. The insurance provider reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.39. The business had revenue of $4.09 billion during the quarter, compared to analyst estimates of $3.77 billion. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.73 EPS. As a group, equities analysts forecast that Arch Capital Group will post 8.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Francois Morin sold 25,689 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was 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 $19,399,009.13. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 transaction of $2,247,016.83. Following the completion of the transaction, the chief financial officer now owns 221,779 shares in the company, valued at $19,399,009.13. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nicolas Papadopoulo sold 60,000 shares of the firm’s stock in a transaction on 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 transaction, the insider now directly owns 651,931 shares of the company’s stock, valued at $57,057,001.12. The disclosure for this sale can be found here. Insiders sold a total of 135,689 shares of company stock worth $11,872,217 over the last three months. 4.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Caprock Group LLC grew its stake in shares of Arch Capital Group by 4.4% in the 1st quarter. Caprock Group LLC now owns 3,662 shares of the insurance provider’s stock worth $339,000 after buying an additional 154 shares in the last quarter. Commonwealth Equity Services LLC grew its position in Arch Capital Group by 55.2% in the first quarter. Commonwealth Equity Services LLC now owns 101,766 shares of the insurance provider’s stock worth $9,407,000 after acquiring an additional 36,201 shares in the last quarter. Principal Financial Group Inc. increased its stake in Arch Capital Group by 11.4% during the first quarter. Principal Financial Group Inc. now owns 6,800,236 shares of the insurance provider’s stock worth $628,614,000 after acquiring an additional 693,608 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in Arch Capital Group by 29.7% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 11,370 shares of the insurance provider’s stock valued at $1,051,000 after purchasing an additional 2,605 shares during the period. Finally, Meritage Portfolio Management lifted its stake in shares of Arch Capital Group by 17.5% in the 1st quarter. Meritage Portfolio Management now owns 91,457 shares of the insurance provider’s stock valued at $8,454,000 after purchasing an additional 13,647 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors.

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.