Arch Capital Group (NASDAQ:ACGL) Given Market Outperform Rating at JMP Securities

Arch Capital Group (NASDAQ:ACGL - Get Free Report)'s stock had its "market outperform" rating reissued by equities research analysts at JMP Securities in a note issued to investors on Wednesday,Benzinga reports. They presently have a $125.00 target price on the insurance provider's stock. JMP Securities' target price would indicate a potential upside of 35.16% from the company's current price.

A number of other equities analysts also recently issued reports on the stock. Wells Fargo & Company dropped their price objective on shares of Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating on the stock in a report on Wednesday, February 12th. JPMorgan Chase & Co. boosted their price objective on shares of Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a research report on Tuesday, April 8th. UBS Group decreased their target price on Arch Capital Group from $127.00 to $124.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Morgan Stanley lowered their target price on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Finally, Barclays reduced their price target on Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $115.00.

Arch Capital Group Stock Performance

Shares of NASDAQ ACGL traded up $2.81 during trading on Wednesday, reaching $92.48. 1,596,403 shares of the company traded hands, compared to its average volume of 1,728,308. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. The firm has a 50 day simple moving average of $92.06 and a 200-day simple moving average of $94.42. Arch Capital Group has a 52-week low of $82.49 and a 52-week high of $116.47. The stock has a market capitalization of $34.75 billion, a PE ratio of 8.26, a P/E/G ratio of 2.31 and a beta of 0.36.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share for the quarter, missing analysts' consensus estimates of $1.59 by ($0.05). Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. The company had revenue of $4.52 billion for the quarter, compared to analysts' expectations of $4.75 billion. During the same quarter in the prior year, the firm posted $2.45 earnings per share. Arch Capital Group's quarterly revenue was up 10.5% on a year-over-year basis. Equities research analysts anticipate that Arch Capital Group will post 8.42 earnings per share for the current year.

Insider Buying and Selling

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the completion of the transaction, the insider now owns 140,023 shares in the company, valued at $12,742,093. The trade was a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.10% of the stock is owned by corporate insiders.

Institutional Trading of Arch Capital Group

Several institutional investors and hedge funds have recently made changes to their positions in ACGL. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in Arch Capital Group by 3.5% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 197,111 shares of the insurance provider's stock valued at $18,203,000 after buying an additional 6,663 shares in the last quarter. Pittenger & Anderson Inc. boosted its holdings in shares of Arch Capital Group by 56.6% in the fourth quarter. Pittenger & Anderson Inc. now owns 6,720 shares of the insurance provider's stock valued at $621,000 after purchasing an additional 2,430 shares during the period. Asahi Life Asset Management CO. LTD. bought a new position in Arch Capital Group in the fourth quarter worth approximately $366,000. Northstar Group Inc. increased its holdings in Arch Capital Group by 5.1% during the 4th quarter. Northstar Group Inc. now owns 122,197 shares of the insurance provider's stock worth $11,285,000 after purchasing an additional 5,947 shares during the period. Finally, William Blair Investment Management LLC raised its position in Arch Capital Group by 33.7% during the 4th quarter. William Blair Investment Management LLC now owns 624,055 shares of the insurance provider's stock valued at $57,631,000 after purchasing an additional 157,197 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors.

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.