Wells Fargo & Company Raises Arch Capital Group (NASDAQ:ACGL) Price Target to $110.00

Arch Capital Group (NASDAQ:ACGL - Free Report) had its price objective upped by Wells Fargo & Company from $109.00 to $110.00 in a research note released on Wednesday morning, Benzinga reports. The brokerage currently has an overweight rating on the insurance provider's stock.

ACGL has been the subject of a number of other research reports. UBS Group lowered their price objective on shares of Arch Capital Group from $101.00 to $97.00 and set a buy rating for the company in a research report on Wednesday, January 10th. JMP Securities increased their target price on shares of Arch Capital Group from $100.00 to $110.00 and gave the stock a market outperform rating in a report on Tuesday. TD Cowen assumed coverage on shares of Arch Capital Group in a report on Wednesday, January 10th. They set an outperform rating and a $96.00 target price on the stock. Bank of America increased their target price on shares of Arch Capital Group from $105.00 to $109.00 and gave the stock a buy rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Arch Capital Group from $103.00 to $110.00 and gave the stock a buy rating in a report on Tuesday. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $100.67.

Arch Capital Group Trading Up 2.4 %

Shares of Arch Capital Group stock traded up $2.26 during mid-day trading on Wednesday, hitting $95.80. The stock had a trading volume of 2,578,302 shares, compared to its average volume of 1,737,544. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.17. The firm has a market cap of $35.94 billion, a P/E ratio of 8.24, a price-to-earnings-growth ratio of 1.14 and a beta of 0.57. The firm has a 50-day moving average of $90.60 and a two-hundred day moving average of $84.56. Arch Capital Group has a 12-month low of $69.05 and a 12-month high of $96.58.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings data on Monday, April 29th. The insurance provider reported $2.45 earnings per share for the quarter, topping analysts' consensus estimates of $2.06 by $0.39. The firm had revenue of $4.09 billion during the quarter, compared to analysts' expectations of $3.77 billion. Arch Capital Group had a net margin of 33.65% and a return on equity of 23.02%. The firm's quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter last year, the company posted $1.73 EPS. Sell-side analysts forecast that Arch Capital Group will post 8.03 earnings per share for the current year.

Insider Activity at Arch Capital Group

In related news, insider Nicolas Papadopoulo sold 60,000 shares of the stock in a transaction on 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 of the company's stock, valued at approximately $57,057,001.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Arch Capital Group news, CFO Francois Morin sold 25,689 shares of the firm's stock in a transaction on 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $5,251,200.00. Following the transaction, the insider now directly 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 135,689 shares of company stock valued at $11,872,217 in the last ninety days. Insiders own 4.20% of the company's stock.

Institutional Trading of Arch Capital Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Householder Group Estate & Retirement Specialist LLC purchased a new stake in shares of Arch Capital Group in the fourth quarter valued at about $27,000. Larson Financial Group LLC acquired a new stake in shares of Arch Capital Group in the fourth quarter valued at about $30,000. Richardson Financial Services Inc. purchased a new stake in Arch Capital Group during the fourth quarter worth about $33,000. CVA Family Office LLC purchased a new stake in Arch Capital Group during the fourth quarter worth about $47,000. Finally, Indiana Trust & Investment Management CO purchased a new stake in Arch Capital Group during the first quarter worth about $58,000. Hedge funds and other institutional investors 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.