Arch Capital Group (NASDAQ:ACGL) Trading 1.2% Higher

Arch Capital Group Ltd. (NASDAQ:ACGL - Get Free Report) shares traded up 1.2% during mid-day trading on Friday . The stock traded as high as $100.13 and last traded at $100.01. 217,134 shares were traded during trading, a decline of 87% from the average session volume of 1,671,221 shares. The stock had previously closed at $98.82.

Analysts Set New Price Targets

ACGL has been the subject of a number of research analyst reports. Bank of America lifted their price target on shares of Arch Capital Group from $105.00 to $109.00 and gave the stock a "buy" rating in a research note on Tuesday, April 30th. JMP Securities boosted their target price on shares of Arch Capital Group from $100.00 to $110.00 and gave the company a "market outperform" rating in a research note on Tuesday, April 30th. Citigroup lowered their price target on Arch Capital Group from $91.00 to $89.00 and set a "neutral" rating on the stock in a report on Monday, January 22nd. JPMorgan Chase & Co. lifted their price objective on Arch Capital Group from $88.00 to $92.00 and gave the stock a "neutral" rating in a report on Monday, April 8th. Finally, Wells Fargo & Company increased their target price on Arch Capital Group from $109.00 to $110.00 and gave the company an "overweight" rating in a report on Wednesday, May 1st. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $100.67.

Arch Capital Group Price Performance

The firm has a market cap of $37.92 billion, a PE ratio of 7.89, a P/E/G ratio of 1.14 and a beta of 0.57. The firm's fifty day simple moving average is $93.11 and its two-hundred day simple moving average is $85.71. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.17.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its earnings results on Monday, April 29th. The insurance provider reported $2.45 earnings per share for the quarter, beating analysts' consensus estimates of $2.06 by $0.39. Arch Capital Group had a net margin of 33.65% and a return on equity of 21.85%. The company had revenue of $4.09 billion for the quarter, compared to analysts' expectations of $3.77 billion. During the same quarter in the previous year, the company earned $1.73 EPS. Arch Capital Group's revenue for the quarter was up 19.3% on a year-over-year basis. As a group, research analysts expect that Arch Capital Group Ltd. will post 8.55 EPS for the current year.

Insider Transactions at Arch Capital Group

In related news, insider Nicolas Papadopoulo sold 60,000 shares of Arch Capital Group stock in a transaction that occurred 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 sale, the insider now owns 651,931 shares of the company's stock, valued at approximately $57,057,001.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Nicolas Papadopoulo sold 60,000 shares of the stock in a transaction that occurred 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 completion of 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Maamoun Rajeh sold 50,000 shares of Arch Capital Group stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the completion of the transaction, the chief executive officer now directly owns 336,170 shares of the company's stock, valued at $29,408,151.60. The disclosure for this sale can be found here. Insiders sold a total of 145,689 shares of company stock valued at $12,838,617 over the last 90 days. Company insiders own 4.20% of the company's stock.

Institutional Investors Weigh In On Arch Capital Group

Several institutional investors have recently made changes to their positions in ACGL. Vanguard Group Inc. grew its position in Arch Capital Group by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 40,858,890 shares of the insurance provider's stock valued at $3,776,996,000 after acquiring an additional 104,008 shares during the last quarter. Capital World Investors grew its holdings in shares of Arch Capital Group by 0.6% in the fourth quarter. Capital World Investors now owns 10,611,092 shares of the insurance provider's stock worth $788,086,000 after purchasing an additional 58,862 shares during the last quarter. Principal Financial Group Inc. increased its stake in Arch Capital Group by 11.4% in the 1st quarter. Principal Financial Group Inc. now owns 6,800,236 shares of the insurance provider's stock worth $628,614,000 after buying an additional 693,608 shares during the period. Davis Asset Management L.P. lifted its holdings 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 valued at $482,755,000 after buying an additional 5,300,000 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Arch Capital Group by 1.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,907,122 shares of the insurance provider's stock valued at $546,054,000 after buying an additional 99,329 shares in the last quarter. 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.