Arch Capital Group (NASDAQ:ACGL) Price Target Increased to $125.00 by Analysts at JMP Securities

Arch Capital Group (NASDAQ:ACGL) had its price objective increased by JMP Securities from $115.00 to $125.00 in a research note published on Tuesday, Benzinga reports. JMP Securities currently has a market outperform rating on the insurance provider’s stock.

A number of other equities analysts have also weighed in on the stock. StockNews.com lowered shares of Arch Capital Group from a buy rating to a hold rating in a research note on Wednesday, July 31st. Roth Mkm lifted their target price on Arch Capital Group from $110.00 to $125.00 and gave the company a buy rating in a research report on Friday, August 23rd. JPMorgan Chase & Co. upped their price target on Arch Capital Group from $108.00 to $110.00 and gave the stock a neutral rating in a research report on Thursday, October 10th. Barclays started coverage on shares of Arch Capital Group in a report on Wednesday, September 4th. They issued an equal weight rating and a $120.00 price objective on the stock. Finally, Keefe, Bruyette & Woods raised their target price on shares of Arch Capital Group from $120.00 to $121.00 and gave the company an outperform rating in a research report on Wednesday, August 7th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Arch Capital Group presently has an average rating of Moderate Buy and an average price target of $119.53.

Arch Capital Group Stock Down 2.7 %

Shares of Arch Capital Group stock opened at $108.06 on Tuesday. The company has a market capitalization of $40.58 billion, a P/E ratio of 8.53, a price-to-earnings-growth ratio of 2.03 and a beta of 0.59. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.60 and a quick ratio of 0.60. The business has a 50-day moving average of $109.44 and a two-hundred day moving average of $101.62. Arch Capital Group has a 1 year low of $72.85 and a 1 year high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Tuesday, July 30th. The insurance provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.21 by $0.36. The firm had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.89 billion. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The business’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period last year, the company posted $1.92 EPS. As a group, equities analysts predict that Arch Capital Group will post 9.11 EPS for the current year.

Insider Buying and Selling

In other news, CFO Francois Morin sold 11,460 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the transaction, the chief financial officer now owns 221,779 shares in the company, valued at approximately $22,723,476.34. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Arch Capital Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Centaurus Financial Inc. grew its position in Arch Capital Group by 21.7% during the fourth quarter. Centaurus Financial Inc. now owns 2,195 shares of the insurance provider’s stock worth $163,000 after buying an additional 392 shares in the last quarter. American International Group Inc. increased its position in shares of Arch Capital Group by 0.9% in the fourth quarter. American International Group Inc. now owns 102,631 shares of the insurance provider’s stock worth $7,622,000 after purchasing an additional 941 shares during the period. Richardson Financial Services Inc. acquired a new position in Arch Capital Group in the fourth quarter valued at about $33,000. Quadrature Capital Ltd bought a new stake in Arch Capital Group during the fourth quarter worth about $694,000. Finally, HighPoint Advisor Group LLC bought a new stake in Arch Capital Group during the fourth quarter worth about $182,000. 89.07% of the stock is currently owned by institutional investors and hedge funds.

About Arch Capital Group

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.