Arch Capital Group (NASDAQ:ACGL) Price Target Raised to $116.00

Arch Capital Group (NASDAQ:ACGL) had its target price increased by JPMorgan Chase & Co. from $110.00 to $116.00 in a research report report published on Monday,Benzinga reports. The brokerage currently has a neutral rating on the insurance provider’s stock.

ACGL has been the subject of several other reports. Morgan Stanley boosted their target price on Arch Capital Group from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Citigroup lifted their price objective on Arch Capital Group from $120.00 to $122.50 and gave the company a “buy” rating in a research note on Thursday, April 30th. Cantor Fitzgerald reissued a “neutral” rating and set a $102.00 price objective (up from $100.00) on shares of Arch Capital Group in a research report on Thursday, July 9th. Wells Fargo & Company upped their target price on shares of Arch Capital Group from $110.00 to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Finally, Mizuho raised their target price on shares of Arch Capital Group from $101.00 to $104.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Eight investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $109.82.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $98.63 on Monday. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.15. Arch Capital Group has a 52 week low of $82.44 and a 52 week high of $105.09. The stock has a market capitalization of $34.46 billion, a PE ratio of 7.58, a P/E/G ratio of 5.01 and a beta of 0.31. The firm has a 50 day moving average of $95.48 and a two-hundred day moving average of $95.72.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. The business had revenue of $4.52 billion during the quarter. On average, research analysts predict that Arch Capital Group will post 9.34 EPS for the current fiscal year.

Insider Buying and Selling at Arch Capital Group

In other news, Director Daniel Joseph Houston purchased 5,300 shares of the firm’s stock in a transaction on Thursday, April 30th. The shares were bought at an average cost of $94.08 per share, with a total value of $498,624.00. Following the purchase, the director directly owned 9,915 shares of the company’s stock, valued at approximately $932,803.20. This trade represents a 114.84% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian S. Posner sold 3,000 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total value of $58,980.00. The SEC filing for this sale provides additional information. 3.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Arch Capital Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Geneos Wealth Management Inc. grew its position in shares of Arch Capital Group by 157.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock valued at $65,000 after buying an additional 412 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Arch Capital Group in the 2nd quarter worth $253,000. CW Advisors LLC raised its position in Arch Capital Group by 6.5% in the second quarter. CW Advisors LLC now owns 3,098 shares of the insurance provider’s stock worth $282,000 after acquiring an additional 189 shares in the last quarter. Jump Financial LLC acquired a new stake in Arch Capital Group during the second quarter valued at approximately $667,000. Finally, Cerity Partners LLC lifted its position in shares of Arch Capital Group by 11.6% during the 2nd quarter. Cerity Partners LLC now owns 47,486 shares of the insurance provider’s stock valued at $4,324,000 after acquiring an additional 4,933 shares during the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

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.