JPMorgan Chase & Co. Issues Positive Forecast for Arch Capital Group (NASDAQ:ACGL) Stock Price

Key Points

• JPMorgan raised Arch Capital Group’s price target from $116 to $118 while maintaining a “neutral” rating, implying approximately 20% upside from the stock’s $98.27 price.
• Analyst sentiment remains mixed: seven analysts rate ACGL a Buy, seven Hold, and one Sell, producing an overall “Hold” consensus and average price target of $111.11.
• Arch Capital exceeded quarterly expectations, reporting $2.56 in earnings per share versus the $2.47 consensus and $4.67 billion in revenue versus $4.36 billion expected; institutional investors own 89.07% of the stock.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) had its price objective increased by analysts at JPMorgan Chase & Co. from $116.00 to $118.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the insurance provider's stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 20.08% from the stock's current price.

Several other equities analysts also recently commented on the company. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $120.00 target price (up from $115.00) on shares of Arch Capital Group in a research report on Thursday, July 30th. Citigroup reissued a "market outperform" rating on shares of Arch Capital Group in a report on Wednesday, July 29th. Morgan Stanley lifted their price target on Arch Capital Group from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Monday, July 6th. Keefe, Bruyette & Woods reduced their price target on Arch Capital Group from $102.00 to $99.00 and set a "market perform" rating for the company in a research note on Wednesday, July 8th. Finally, Weiss Ratings lowered Arch Capital Group from a "buy (b)" rating to a "buy (b-)" rating in a report on Monday, May 18th. Seven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $111.11.

Arch Capital Group Stock Performance

Shares of NASDAQ ACGL traded up $0.02 during mid-day trading on Tuesday, reaching $98.27. 241,939 shares of the company were exchanged, compared to its average volume of 2,100,861. The company's 50-day simple moving average is $97.38 and its 200-day simple moving average is $96.47. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $33.53 billion, a P/E ratio of 7.69, a P/E/G ratio of 10.37 and a beta of 0.31. Arch Capital Group has a twelve month low of $82.44 and a twelve month high of $107.08.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its earnings results on Tuesday, July 28th. The insurance provider reported $2.56 EPS for the quarter, topping the consensus estimate of $2.47 by $0.09. The business had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.36 billion. Arch Capital Group had a net margin of 24.40% and a return on equity of 17.06%. During the same quarter in the previous year, the firm posted $2.58 EPS. As a group, research analysts predict that Arch Capital Group will post 9.4 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Brian S. Posner sold 3,000 shares of the company's stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total transaction of $58,980.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Arch Capital Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Madison Asset Management LLC bought a new position in Arch Capital Group in the 2nd quarter valued at about $368,808,000. Great Lakes Advisors LLC bought a new position in Arch Capital Group in the second quarter valued at approximately $27,461,000. Trust Co. of Vermont bought a new position in Arch Capital Group in the second quarter valued at approximately $99,000. USA Financial Formulas acquired a new position in Arch Capital Group during the first quarter valued at approximately $108,000. Finally, Torren Management LLC raised its position in Arch Capital Group by 66.9% during the second quarter. Torren Management LLC now owns 292 shares of the insurance provider's stock valued at $28,000 after purchasing an additional 117 shares in the last quarter. Institutional investors own 89.07% of the company's stock.

About Arch Capital Group

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.

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