Arch Capital Group (NASDAQ:ACGL) Given "Buy" Rating at Roth Mkm

Arch Capital Group (NASDAQ:ACGL - Get Free Report)'s stock had its "buy" rating reaffirmed by investment analysts at Roth Mkm in a report issued on Tuesday, MarketBeat Ratings reports. They presently have a $110.00 price objective on the insurance provider's stock. Roth Mkm's target price indicates a potential upside of 17.60% from the company's previous close.

Several other research firms have also recently commented on ACGL. UBS Group lowered their price target on shares of Arch Capital Group from $101.00 to $97.00 and set a "buy" rating for the company in a report on Wednesday, January 10th. Wells Fargo & Company boosted their price target on shares of Arch Capital Group from $104.00 to $109.00 and gave the stock an "overweight" rating in a report on Thursday, April 11th. Royal Bank of Canada reiterated an "outperform" rating and set a $98.00 price target on shares of Arch Capital Group in a report on Friday, February 16th. Evercore ISI boosted their price target on shares of Arch Capital Group from $92.00 to $100.00 and gave the stock an "in-line" rating in a report on Thursday, April 11th. Finally, JMP Securities reiterated a "market outperform" rating and set a $100.00 price target on shares of Arch Capital Group in a report on Monday, April 15th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $100.60.

Arch Capital Group Stock Up 2.5 %

Shares of ACGL stock traded up $2.29 during trading on Tuesday, reaching $93.54. The company's stock had a trading volume of 3,310,880 shares, compared to its average volume of 1,726,942. 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 company has a market capitalization of $35.09 billion, a price-to-earnings ratio of 8.07, a P/E/G ratio of 1.13 and a beta of 0.57. The stock's 50-day moving average price is $90.44 and its 200 day moving average price is $84.49. Arch Capital Group has a 1-year low of $69.05 and a 1-year high of $95.01.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The insurance provider reported $2.45 earnings per share for the quarter, beating 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 32.59% and a return on equity of 21.94%. The business's quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.73 earnings per share. On average, research analysts anticipate that Arch Capital Group will post 8.03 EPS for the current year.

Insiders Place Their Bets

In other news, insider Nicolas Papadopoulo sold 60,000 shares of the business's stock in a transaction on 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 $57,057,001.12. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Maamoun Rajeh sold 50,000 shares of Arch Capital Group stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total value of $4,374,000.00. Following the transaction, the chief executive officer now owns 336,170 shares of the company's stock, valued at approximately $29,408,151.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 completion of the transaction, 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. Insiders sold a total of 135,689 shares of company stock valued at $11,872,217 over the last 90 days. 4.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Arch Capital Group

Hedge funds have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. boosted its position in Arch Capital Group by 0.4% during the first quarter. Assenagon Asset Management S.A. now owns 33,283 shares of the insurance provider's stock worth $3,077,000 after purchasing an additional 117 shares during the period. Sunbelt Securities Inc. lifted its position in Arch Capital Group by 1.8% in the first quarter. Sunbelt Securities Inc. now owns 6,679 shares of the insurance provider's stock worth $617,000 after purchasing an additional 117 shares during the period. Petra Financial Advisors Inc. lifted its position in Arch Capital Group by 1.2% in the first quarter. Petra Financial Advisors Inc. now owns 10,574 shares of the insurance provider's stock worth $977,000 after purchasing an additional 129 shares during the period. Harbor Capital Advisors Inc. lifted its position in Arch Capital Group by 2.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 5,448 shares of the insurance provider's stock worth $405,000 after purchasing an additional 144 shares during the period. Finally, Signaturefd LLC lifted its position in Arch Capital Group by 6.8% in the third quarter. Signaturefd LLC now owns 2,292 shares of the insurance provider's stock worth $183,000 after purchasing an additional 146 shares during the period. 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.