Morgan Stanley Increases Arch Capital Group (NASDAQ:ACGL) Price Target to $109.00

Arch Capital Group (NASDAQ:ACGL - Free Report) had its target price lifted by Morgan Stanley from $104.00 to $109.00 in a research report report published on Monday morning, Benzinga reports. The brokerage currently has an overweight rating on the insurance provider's stock.

A number of other research analysts have also weighed in on ACGL. StockNews.com lowered Arch Capital Group from a buy rating to a hold rating in a research report on Monday, March 11th. Evercore ISI raised their price objective on Arch Capital Group from $92.00 to $100.00 and gave the company an in-line rating in a research report on Thursday. Wells Fargo & Company raised their price objective on Arch Capital Group from $104.00 to $109.00 and gave the company an overweight rating in a research report on Thursday. Citigroup cut their target price on 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. Finally, JPMorgan Chase & Co. increased their target price on Arch Capital Group from $88.00 to $92.00 and gave the company a neutral rating in a research note on Monday, April 8th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Arch Capital Group presently has a consensus rating of Moderate Buy and a consensus price target of $96.23.

Arch Capital Group Stock Down 0.2 %

Shares of NASDAQ:ACGL traded down $0.22 during trading on Monday, hitting $89.76. The stock had a trading volume of 1,762,627 shares, compared to its average volume of 1,737,113. Arch Capital Group has a 12 month low of $69.05 and a 12 month high of $95.01. The company has a market capitalization of $33.67 billion, a PE ratio of 7.72, a PEG ratio of 1.12 and a beta of 0.57. The firm's fifty day moving average is $88.92 and its 200 day moving average is $83.71. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.17.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings data on Thursday, February 15th. The insurance provider reported $2.49 earnings per share for the quarter, beating analysts' consensus estimates of $1.94 by $0.55. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. The company had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.67 billion. During the same quarter last year, the company earned $2.14 EPS. Analysts anticipate that Arch Capital Group will post 8.02 EPS for the current fiscal year.

Insider Transactions at Arch Capital Group

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

Hedge Funds Weigh In On Arch Capital Group

Several institutional investors and hedge funds have recently bought and sold shares of ACGL. WCM Investment Management LLC purchased a new position in Arch Capital Group during the first quarter valued at $866,650,000. Davis Asset Management L.P. lifted its position in Arch Capital Group by 441.7% during the fourth quarter. Davis Asset Management L.P. now owns 6,500,000 shares of the insurance provider's stock valued at $482,755,000 after purchasing an additional 5,300,000 shares in the last quarter. Norges Bank bought a new stake in Arch Capital Group during the fourth quarter valued at about $309,496,000. Morgan Stanley raised its holdings in Arch Capital Group by 116.3% during the fourth quarter. Morgan Stanley now owns 3,585,197 shares of the insurance provider's stock valued at $225,079,000 after acquiring an additional 1,927,830 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in Arch Capital Group by 112.4% during the third quarter. Envestnet Asset Management Inc. now owns 2,620,807 shares of the insurance provider's stock valued at $208,905,000 after acquiring an additional 1,387,072 shares during the period. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

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.