Arch Capital Group (NASDAQ:ACGL) Price Target Raised to $117.00

Arch Capital Group (NASDAQ:ACGL) had its target price hoisted by JPMorgan Chase & Co. from $111.00 to $117.00 in a research report report published on Wednesday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the insurance provider’s stock.

Several other equities analysts have also issued reports on the company. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $98.00 price target on shares of Arch Capital Group in a research report on Tuesday, October 28th. Royal Bank Of Canada set a $108.00 price objective on shares of Arch Capital Group and gave the company an “outperform” rating in a research note on Monday, November 24th. Barclays set a $99.00 target price on shares of Arch Capital Group and gave the stock an “equal weight” rating in a research note on Wednesday, October 8th. Wolfe Research initiated coverage on shares of Arch Capital Group in a research report on Monday, September 15th. They set a “peer perform” rating for the company. Finally, Morgan Stanley boosted their price objective on shares of Arch Capital Group from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. Eight analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Arch Capital Group presently has an average rating of “Hold” and an average target price of $106.60.

Arch Capital Group Stock Performance

Arch Capital Group stock opened at $95.18 on Wednesday. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $34.52 billion, a P/E ratio of 8.90, a PEG ratio of 2.17 and a beta of 0.45. The stock’s 50 day moving average is $93.25 and its 200 day moving average is $90.83. Arch Capital Group has a twelve month low of $82.44 and a twelve month high of $97.60.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Monday, October 27th. The insurance provider reported $2.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $1.01. Arch Capital Group had a return on equity of 16.38% and a net margin of 20.96%.The business had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.39 billion. During the same quarter in the previous year, the business earned $1.99 earnings per share. On average, equities research analysts predict that Arch Capital Group will post 8.42 earnings per share for the current fiscal year.

Insider Activity at Arch Capital Group

In other news, CFO Francois Morin sold 8,000 shares of the stock in a transaction on Friday, November 28th. The stock was sold at an average price of $94.62, for a total transaction of $756,960.00. Following the transaction, the chief financial officer directly owned 266,681 shares of the company’s stock, valued at $25,233,356.22. This represents a 2.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider John M. Pasquesi sold 8,800 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $94.17, for a total value of $828,696.00. Following the completion of the transaction, the insider owned 289,556 shares in the company, valued at approximately $27,267,488.52. This trade represents a 2.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 220,666 shares of company stock worth $20,728,673 in the last 90 days. 4.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Mainstay Capital Management LLC ADV purchased a new stake in shares of Arch Capital Group in the second quarter valued at $363,000. Osaic Holdings Inc. boosted its stake in shares of Arch Capital Group by 550.1% during the 2nd quarter. Osaic Holdings Inc. now owns 109,984 shares of the insurance provider’s stock worth $10,513,000 after purchasing an additional 93,067 shares during the period. Bryn Mawr Trust Advisors LLC purchased a new position in shares of Arch Capital Group during the 2nd quarter worth about $371,000. Exchange Traded Concepts LLC grew its holdings in Arch Capital Group by 2,079.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 39,885 shares of the insurance provider’s stock valued at $3,619,000 after purchasing an additional 38,055 shares during the last quarter. Finally, Polianta Ltd purchased a new stake in Arch Capital Group in the 3rd quarter worth about $1,451,000. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Company Profile

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.