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

Arch Capital Group (NASDAQ:ACGL) had its target price upped by research analysts at Morgan Stanley from $105.00 to $110.00 in a note issued to investors on Monday, MarketBeat Ratings reports. The firm currently has an “overweight” rating on the insurance provider’s stock. Morgan Stanley’s price objective indicates a potential upside of 7.63% from the stock’s previous close.

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. decreased their price target on Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Keefe, Bruyette & Woods decreased their target price on shares of Arch Capital Group from $105.00 to $102.00 and set a “market perform” rating for the company in a research note on Tuesday, May 5th. Wells Fargo & Company raised their price target on shares of Arch Capital Group from $109.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Weiss Ratings lowered shares of Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Finally, Mizuho dropped their target price on Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Eight investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $107.19.

Arch Capital Group Stock Performance

NASDAQ ACGL opened at $102.20 on Monday. Arch Capital Group has a 1 year low of $82.44 and a 1 year high of $103.39. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.55 and a quick ratio of 0.55. The company has a market capitalization of $35.71 billion, a PE ratio of 7.85, a P/E/G ratio of 5.11 and a beta of 0.31. The company has a fifty day moving average of $93.86 and a 200 day moving average of $95.28.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%.The business had revenue of $4.52 billion during the quarter. Research analysts forecast that Arch Capital Group will post 9.3 earnings per share for the current year.

Insider Transactions at Arch Capital Group

In related news, Director Brian S. Posner sold 3,000 shares of Arch Capital Group stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total value of $58,980.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Daniel Joseph Houston acquired 5,300 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were purchased at an average price of $94.08 per share, with a total value of $498,624.00. Following the completion of the purchase, the director owned 9,915 shares in the company, valued at $932,803.20. This represents a 114.84% increase in their position. The SEC filing for this purchase provides additional information. 3.30% of the stock is owned by insiders.

Institutional Trading of Arch Capital Group

Several large investors have recently made changes to their positions in ACGL. Norges Bank acquired a new stake in Arch Capital Group during the 4th quarter worth $463,208,000. First Trust Advisors LP lifted its stake in shares of Arch Capital Group by 319.5% in the first quarter. First Trust Advisors LP now owns 2,626,148 shares of the insurance provider’s stock worth $252,084,000 after buying an additional 2,000,162 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Arch Capital Group by 184.1% in the fourth quarter. AQR Capital Management LLC now owns 2,670,628 shares of the insurance provider’s stock worth $256,167,000 after buying an additional 1,730,487 shares in the last quarter. Fiduciary Management Inc. WI acquired a new position in Arch Capital Group during the fourth quarter worth about $106,683,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in Arch Capital Group by 572.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,268,601 shares of the insurance provider’s stock valued at $121,684,000 after acquiring an additional 1,080,049 shares in the last quarter. 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.