Arch Capital Group (NASDAQ:ACGL) Price Target Raised to $102.00 at Keefe, Bruyette & Woods

Key Points

• Arch Capital Group's price target has been raised by Keefe, Bruyette & Woods from $101.00 to $102.00, indicating a potential upside of 15.24% from its previous close.
• The company has a consensus rating of "Moderate Buy" from analysts, with an average price target of $113.07, while differing ratings from other firms range from "buy" to "hold."
• Insider transactions highlight significant selling activity, with insiders collectively offloading 104,340 shares worth approximately $9.82 million over the last three months.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) had its price objective hoisted by stock analysts at Keefe, Bruyette & Woods from $101.00 to $102.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a "market perform" rating on the insurance provider's stock. Keefe, Bruyette & Woods' price objective would suggest a potential upside of 15.24% from the stock's previous close.

Other equities research analysts have also issued research reports about the stock. Barclays dropped their target price on shares of Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating for the company in a report on Friday, April 11th. JMP Securities reaffirmed a "market outperform" rating and set a $125.00 price objective on shares of Arch Capital Group in a research note on Wednesday, April 30th. Jefferies Financial Group downgraded shares of Arch Capital Group from a "buy" rating to a "hold" rating and cut their price objective for the company from $106.00 to $100.00 in a report on Tuesday, June 10th. Wells Fargo & Company lowered their target price on Arch Capital Group from $110.00 to $107.00 and set an "overweight" rating on the stock in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. increased their price target on Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $113.07.

Arch Capital Group Trading Up 0.6%

ACGL stock opened at $88.51 on Tuesday. Arch Capital Group has a 12-month low of $82.49 and a 12-month high of $116.47. The business's 50-day moving average is $90.26 and its 200 day moving average is $91.52. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.16. The stock has a market cap of $33.17 billion, a price-to-earnings ratio of 9.13, a PEG ratio of 6.68 and a beta of 0.49.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its earnings results on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.28. Arch Capital Group had a return on equity of 15.33% and a net margin of 19.49%. The business had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter last year, the business posted $2.57 earnings per share. On average, sell-side analysts anticipate that Arch Capital Group will post 8.42 EPS for the current fiscal year.

Insider Buying and Selling at Arch Capital Group

In related news, insider Louis T. Petrillo sold 16,650 shares of Arch Capital Group stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $94.53, for a total value of $1,573,924.50. Following the completion of the sale, the insider owned 140,023 shares in the company, valued at approximately $13,236,374.19. This trade represents a 10.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Francois Morin sold 12,630 shares of the business's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $94.58, for a total value of $1,194,545.40. Following the completion of the sale, the chief financial officer directly owned 274,681 shares in the company, valued at approximately $25,979,328.98. The trade was a 4.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 104,340 shares of company stock worth $9,824,861 over the last three months. Insiders own 4.10% of the company's stock.

Institutional Investors Weigh In On Arch Capital Group

Institutional investors and hedge funds have recently modified their holdings of the company. World Investment Advisors boosted its holdings in Arch Capital Group by 5.9% during the 4th quarter. World Investment Advisors now owns 2,952 shares of the insurance provider's stock valued at $273,000 after acquiring an additional 165 shares during the period. Aviva PLC lifted its position in shares of Arch Capital Group by 242.9% during the fourth quarter. Aviva PLC now owns 232,416 shares of the insurance provider's stock worth $21,464,000 after purchasing an additional 164,630 shares in the last quarter. Sit Investment Associates Inc. boosted its stake in shares of Arch Capital Group by 15.7% in the fourth quarter. Sit Investment Associates Inc. now owns 1,290 shares of the insurance provider's stock valued at $119,000 after purchasing an additional 175 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of Arch Capital Group by 7.4% in the fourth quarter. Russell Investments Group Ltd. now owns 264,779 shares of the insurance provider's stock valued at $24,432,000 after purchasing an additional 18,165 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its stake in Arch Capital Group by 6.3% during the 4th quarter. Quadrant Capital Group LLC now owns 2,489 shares of the insurance provider's stock worth $230,000 after buying an additional 147 shares during the period. Hedge funds and other institutional investors own 89.07% of the company's stock.

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.

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