Deutsche Bank Aktiengesellschaft Increases Arch Capital Group (NASDAQ:ACGL) Price Target to $120.00

Arch Capital Group (NASDAQ:ACGL) had its price target lifted by Deutsche Bank Aktiengesellschaft from $110.00 to $120.00 in a research report sent to investors on Monday, Benzinga reports. They currently have a buy rating on the insurance provider’s stock.

ACGL has been the topic of several other reports. StockNews.com lowered Arch Capital Group from a buy rating to a hold rating in a research report on Wednesday, June 26th. JPMorgan Chase & Co. upped their price target on Arch Capital Group from $88.00 to $92.00 and gave the company a neutral rating in a research report on Monday, April 8th. Morgan Stanley upped their price target on Arch Capital Group from $104.00 to $109.00 and gave the company an overweight rating in a research report on Monday, April 15th. Bank of America boosted their target price on Arch Capital Group from $109.00 to $119.00 and gave the company a buy rating in a research note on Tuesday, June 4th. Finally, Wells Fargo & Company boosted their target price on Arch Capital Group from $109.00 to $110.00 and gave the company an overweight rating in a research note on Wednesday, May 1st. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Arch Capital Group currently has an average rating of Moderate Buy and an average price target of $102.00.

Arch Capital Group Stock Down 0.2 %

Shares of Arch Capital Group stock opened at $100.65 on Monday. The stock’s fifty day moving average is $99.20 and its 200-day moving average is $89.67. The firm has a market capitalization of $37.79 billion, a PE ratio of 7.94, a price-to-earnings-growth ratio of 1.73 and a beta of 0.58. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.17. Arch Capital Group has a 12-month low of $72.33 and a 12-month high of $103.79.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Monday, April 29th. The insurance provider reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.06 by $0.39. The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.77 billion. Arch Capital Group had a return on equity of 21.85% and a net margin of 33.65%. Arch Capital Group’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.73 earnings per share. Equities analysts anticipate that Arch Capital Group will post 8.55 earnings per share for the current year.

Insider Activity at Arch Capital Group

In related news, CEO David Gansberg sold 10,000 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $96.64, for a total transaction of $966,400.00. Following the completion of the sale, the chief executive officer now owns 228,035 shares in the company, valued at approximately $22,037,302.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 4.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Arch Capital Group

Several large investors have recently added to or reduced their stakes in the company. HM Payson & Co. raised its holdings in Arch Capital Group by 93.6% in the 1st quarter. HM Payson & Co. now owns 2,323 shares of the insurance provider’s stock valued at $215,000 after acquiring an additional 1,123 shares in the last quarter. Schwab Charitable Fund acquired a new position in Arch Capital Group in the 1st quarter valued at approximately $462,000. Cetera Advisors LLC raised its holdings in Arch Capital Group by 70.9% in the 1st quarter. Cetera Advisors LLC now owns 13,700 shares of the insurance provider’s stock valued at $1,266,000 after acquiring an additional 5,684 shares in the last quarter. Cetera Investment Advisers raised its holdings in Arch Capital Group by 155.9% in the 1st quarter. Cetera Investment Advisers now owns 41,541 shares of the insurance provider’s stock valued at $3,840,000 after acquiring an additional 25,306 shares in the last quarter. Finally, Atria Investments Inc raised its holdings in Arch Capital Group by 19.7% in the 1st quarter. Atria Investments Inc now owns 24,463 shares of the insurance provider’s stock valued at $2,261,000 after acquiring an additional 4,018 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Company Profile

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.