Arch Capital Group (NASDAQ:ACGL) PT Raised to $92.00

Arch Capital Group (NASDAQ:ACGL - Get Free Report) had its price target boosted by stock analysts at JPMorgan Chase & Co. from $88.00 to $92.00 in a report issued on Monday, Benzinga reports. The brokerage presently has a "neutral" rating on the insurance provider's stock. JPMorgan Chase & Co.'s price objective points to a potential downside of 2.70% from the stock's current price.

A number of other brokerages have also recently commented on ACGL. JMP Securities lifted their target price on shares of Arch Capital Group from $95.00 to $100.00 and gave the company a "market outperform" rating in a report on Thursday, February 15th. Wells Fargo & Company boosted their price objective on shares of Arch Capital Group from $98.00 to $104.00 and gave the company an "overweight" rating in a research note on Friday, February 16th. Citigroup dropped their price objective on shares of Arch Capital Group from $91.00 to $89.00 and set a "neutral" rating on the stock in a research note on Monday, January 22nd. Evercore ISI boosted their price objective on shares of Arch Capital Group from $85.00 to $92.00 and gave the company an "in-line" rating in a research note on Thursday, February 15th. Finally, UBS Group decreased their target price on shares of Arch Capital Group from $101.00 to $97.00 and set a "buy" rating on the stock in a research report on Wednesday, January 10th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $94.77.

Arch Capital Group Stock Down 0.4 %

Shares of NASDAQ:ACGL traded down $0.35 during trading on Monday, hitting $94.55. 1,371,851 shares of the company were exchanged, compared to its average volume of 1,743,984. The firm's 50 day moving average price is $88.07 and its 200-day moving average price is $83.37. The stock has a market capitalization of $35.47 billion, a P/E ratio of 8.14, a PEG ratio of 1.19 and a beta of 0.57. Arch Capital Group has a 12-month low of $68.31 and a 12-month high of $95.01. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.57 and a quick ratio of 0.57.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its earnings results on Thursday, February 15th. The insurance provider reported $2.49 EPS for the quarter, beating analysts' consensus estimates of $1.94 by $0.55. The business had revenue of $3.98 billion for the quarter, compared to analysts' expectations of $3.67 billion. Arch Capital Group had a net margin of 32.59% and a return on equity of 21.94%. During the same period in the previous year, the company posted $2.14 EPS. On average, research analysts predict that Arch Capital Group will post 8 earnings per share for the current fiscal year.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, insider Nicolas Papadopoulo sold 60,000 shares of the company's stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $87.52, for a total value of $5,251,200.00. Following the transaction, the insider now directly owns 651,931 shares in the company, valued at approximately $57,057,001.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Nicolas Papadopoulo sold 60,000 shares of the company's stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the completion of the transaction, the insider now owns 651,931 shares of the company's stock, valued at approximately $57,057,001.12. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Francois Morin sold 25,689 shares of the company's stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the transaction, the chief financial officer now directly owns 221,779 shares of the company's stock, valued at approximately $19,399,009.13. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 135,689 shares of company stock worth $11,872,217. Corporate insiders own 4.00% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. WCM Investment Management LLC acquired a new stake in Arch Capital Group during the 1st quarter worth approximately $866,650,000. Davis Asset Management L.P. increased its position in Arch Capital Group by 441.7% during the 4th quarter. Davis Asset Management L.P. now owns 6,500,000 shares of the insurance provider's stock worth $482,755,000 after purchasing an additional 5,300,000 shares in the last quarter. Norges Bank acquired a new stake in Arch Capital Group during the 4th quarter worth approximately $309,496,000. Morgan Stanley increased its position in Arch Capital Group by 116.3% during the 4th quarter. Morgan Stanley now owns 3,585,197 shares of the insurance provider's stock worth $225,079,000 after purchasing an additional 1,927,830 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in Arch Capital Group by 112.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,620,807 shares of the insurance provider's stock worth $208,905,000 after purchasing an additional 1,387,072 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.