Arch Capital Group (NASDAQ:ACGL) Given New $115.00 Price Target at Royal Bank Of Canada

Arch Capital Group (NASDAQ:ACGL) had its price target hoisted by Royal Bank Of Canada from $108.00 to $115.00 in a research report sent to investors on Wednesday,Benzinga reports. The firm currently has an outperform rating on the insurance provider’s stock.

A number of other analysts have also recently commented on the company. Citigroup restated a “market outperform” rating on shares of Arch Capital Group in a research report on Friday, January 16th. Roth Mkm set a $110.00 price objective on shares of Arch Capital Group and gave the company a “buy” rating in a report on Tuesday, December 2nd. Cantor Fitzgerald restated an “overweight” rating and set a $97.00 price target (up previously from $93.00) on shares of Arch Capital Group in a research report on Wednesday, January 14th. Barclays set a $104.00 price objective on Arch Capital Group and gave the stock an “equal weight” rating in a report on Thursday, January 8th. Finally, Morgan Stanley set a $125.00 target price on Arch Capital Group in a report on Friday, January 16th. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $108.67.

Arch Capital Group Stock Up 1.4%

Shares of ACGL stock traded up $1.37 during trading hours on Wednesday, reaching $99.98. 797,976 shares of the company’s stock were exchanged, compared to its average volume of 2,203,417. Arch Capital Group has a 1 year low of $82.44 and a 1 year high of $103.39. The stock’s fifty day moving average price is $94.85 and its two-hundred day moving average price is $91.74. The company has a current ratio of 0.53, a quick ratio of 0.55 and a debt-to-equity ratio of 0.13. The stock has a market cap of $36.25 billion, a PE ratio of 8.59, a PEG ratio of 2.05 and a beta of 0.42.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Monday, February 9th. The insurance provider reported $2.98 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.64. Arch Capital Group had a return on equity of 16.73% and a net margin of 22.07%.The firm had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter in the prior year, the business earned $2.26 earnings per share. Research analysts predict that Arch Capital Group will post 8.42 EPS for the current year.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 8,000 shares of the business’s stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $94.62, for a total value of $756,960.00. Following the transaction, the chief financial officer directly owned 266,681 shares in the company, valued at $25,233,356.22. The trade was a 2.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John M. Pasquesi sold 203,866 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $93.90, for a total transaction of $19,143,017.40. Following the sale, the insider owned 351,356 shares of the company’s stock, valued at $32,992,328.40. This represents a 36.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 220,666 shares of company stock worth $20,728,673 over the last ninety days. 4.20% of the stock is owned by insiders.

Institutional Trading of Arch Capital Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Arch Capital Group by 1.2% during the second quarter. Vanguard Group Inc. now owns 42,414,557 shares of the insurance provider’s stock worth $3,861,845,000 after buying an additional 493,583 shares during the period. Artisan Partners Limited Partnership increased its holdings in Arch Capital Group by 1.7% in the 2nd quarter. Artisan Partners Limited Partnership now owns 23,833,290 shares of the insurance provider’s stock valued at $2,170,021,000 after purchasing an additional 408,950 shares during the last quarter. WCM Investment Management LLC raised its position in Arch Capital Group by 1.3% in the third quarter. WCM Investment Management LLC now owns 13,525,402 shares of the insurance provider’s stock valued at $1,214,987,000 after purchasing an additional 171,693 shares during the period. Geode Capital Management LLC lifted its stake in Arch Capital Group by 1.1% during the second quarter. Geode Capital Management LLC now owns 10,502,003 shares of the insurance provider’s stock worth $952,523,000 after purchasing an additional 115,465 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Arch Capital Group by 4.6% during the third quarter. JPMorgan Chase & Co. now owns 8,190,927 shares of the insurance provider’s stock worth $743,168,000 after buying an additional 360,626 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. (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.