Arch Capital Group (NASDAQ:ACGL) Given Market Outperform Rating at JMP Securities

Arch Capital Group (NASDAQ:ACGL - Get Free Report)'s stock had its "market outperform" rating reiterated by stock analysts at JMP Securities in a research note issued to investors on Monday, Benzinga reports. They currently have a $100.00 price target on the insurance provider's stock. JMP Securities' target price points to a potential upside of 11.41% from the stock's previous close.

ACGL has been the subject of several other reports. Wells Fargo & Company raised their price target on Arch Capital Group from $104.00 to $109.00 and gave the company an "overweight" rating in a report on Thursday. Citigroup reduced their price objective 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. JPMorgan Chase & Co. boosted their target price on Arch Capital Group from $88.00 to $92.00 and gave the company a "neutral" rating in a research report on Monday, April 8th. UBS Group dropped their price objective on Arch Capital Group from $101.00 to $97.00 and set a "buy" rating for the company in a report on Wednesday, January 10th. Finally, TD Cowen assumed coverage on Arch Capital Group in a report on Wednesday, January 10th. They issued an "outperform" rating and a $96.00 target price for the company. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $96.23.

Arch Capital Group Price Performance

Shares of ACGL traded down $0.22 during midday trading on Monday, hitting $89.76. 1,762,627 shares of the company traded hands, compared to its average volume of 1,737,113. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.57 and a quick ratio of 0.57. The stock has a 50-day moving average of $88.79 and a 200-day moving average of $83.65. The firm has a market cap of $33.67 billion, a P/E ratio of 7.81, a PEG ratio of 1.12 and a beta of 0.57. Arch Capital Group has a one year low of $69.05 and a one year high of $95.01.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its earnings results on Thursday, February 15th. The insurance provider reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.55. The business had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.67 billion. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. During the same quarter in the prior year, the firm earned $2.14 earnings per share. As a group, sell-side analysts predict that Arch Capital Group will post 8.02 EPS for the current fiscal year.

Insider Transactions at Arch Capital Group

In other news, insider Nicolas Papadopoulo sold 60,000 shares of the business's stock in a transaction dated 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 sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Francois Morin sold 25,689 shares of the company's stock in a transaction that occurred 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 sale, the chief financial officer now owns 221,779 shares in the company, valued at approximately $19,399,009.13. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Nicolas Papadopoulo sold 60,000 shares of the company's stock in a transaction that occurred 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 sale, the insider now owns 651,931 shares in the company, valued at approximately $57,057,001.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 135,689 shares of company stock valued at $11,872,217. 4.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Arch Capital Group

Large investors have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale raised its position in shares of Arch Capital Group by 6.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 205,548 shares of the insurance provider's stock worth $16,756,000 after buying an additional 11,594 shares during the period. SG Americas Securities LLC grew its stake in shares of Arch Capital Group by 601.1% during the fourth quarter. SG Americas Securities LLC now owns 141,370 shares of the insurance provider's stock valued at $10,500,000 after acquiring an additional 121,206 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in shares of Arch Capital Group by 0.7% during the third quarter. Treasurer of the State of North Carolina now owns 209,153 shares of the insurance provider's stock valued at $16,672,000 after acquiring an additional 1,504 shares in the last quarter. Millington Financial Advisors LLC acquired a new position in Arch Capital Group in the third quarter worth about $1,030,000. Finally, Asset Management One Co. Ltd. grew its stake in Arch Capital Group by 31.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 201,790 shares of the insurance provider's stock worth $14,945,000 after purchasing an additional 48,587 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

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.