UBS Group Issues Positive Forecast for Arch Capital Group (NASDAQ:ACGL) Stock Price

Arch Capital Group (NASDAQ:ACGL) had its target price upped by equities research analysts at UBS Group from $120.00 to $125.00 in a research note issued on Monday, Benzinga reports. The firm presently has a “buy” rating on the insurance provider’s stock. UBS Group‘s price objective suggests a potential upside of 14.35% from the stock’s previous close.

A number of other brokerages have also recently commented on ACGL. Jefferies Financial Group raised their target price on Arch Capital Group from $102.00 to $106.00 and gave the stock a “hold” rating in a report on Thursday. Cantor Fitzgerald boosted their price target on Arch Capital Group from $105.00 to $111.00 and gave the company a “neutral” rating in a report on Monday. Evercore reduced their price target on Arch Capital Group from $105.00 to $103.00 in a research report on Wednesday, October 28th. JPMorgan Chase & Co. decreased their price objective on Arch Capital Group from $118.00 to $113.00 and set a “neutral” rating on the stock in a research note on Friday, October 9th. Finally, Wells Fargo & Company raised their price objective on Arch Capital Group from $107.00 to $119.00 and gave the stock an “overweight” rating in a research note on Monday. Seven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $111.29.

Arch Capital Group Stock Performance

NASDAQ ACGL traded up $2.95 during trading hours on Monday, hitting $109.31. 2,143,377 shares of the company’s stock traded hands, compared to its average volume of 2,353,795. The business’s fifty day moving average price is $97.94 and its two-hundred day moving average price is $96.77. The company has a current ratio of 0.56, a quick ratio of 0.57 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $37.30 billion, a P/E ratio of 8.94, a P/E/G ratio of 3.54 and a beta of 0.22. Arch Capital Group has a 52 week low of $84.69 and a 52 week high of $110.26.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Tuesday, October 27th. The insurance provider reported $2.67 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.36. Arch Capital Group had a net margin of 23.31% and a return on equity of 16.62%. The business had revenue of $4.66 billion for the quarter, compared to the consensus estimate of $4.06 billion. During the same period last year, the firm earned $2.77 earnings per share. Equities research analysts predict that Arch Capital Group will post 10.02 EPS for the current year.

Insider Activity

In other news, CFO Francois Morin sold 11,010 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $99.32, for a total transaction of $1,093,513.20. Following the sale, the chief financial officer directly owned 184,826 shares in the company, valued at $18,356,918.32. This trade represents a 5.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Madison Asset Management LLC bought a new position in shares of Arch Capital Group in the second quarter worth about $368,808,000. First Trust Advisors LP raised its stake in Arch Capital Group by 319.5% during the 1st quarter. First Trust Advisors LP now owns 2,626,148 shares of the insurance provider’s stock valued at $252,084,000 after purchasing an additional 2,000,162 shares during the period. Hsbc Holdings PLC raised its stake in Arch Capital Group by 230.0% during the 1st quarter. Hsbc Holdings PLC now owns 1,286,178 shares of the insurance provider’s stock valued at $123,354,000 after purchasing an additional 896,480 shares during the period. Davis Asset Management L.P. purchased a new position in Arch Capital Group in the 2nd quarter worth approximately $63,089,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Arch Capital Group by 50.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,910,063 shares of the insurance provider’s stock worth $183,347,000 after purchasing an additional 641,462 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Company Profile

Arch Capital Group Ltd. is a Bermuda-based insurance, reinsurance and mortgage insurance company whose shares trade on the Nasdaq under the symbol ACGL. The company was established in 1995 and has developed into a global provider of specialty risk-management products and services.

Through its insurance operations, Arch offers property, casualty, specialty, and accident and health coverage to businesses and other policyholders. Its reinsurance operations provide coverage and risk-transfer solutions to insurance companies across a range of property and casualty lines.