Arch Capital Group (NASDAQ:ACGL) Price Target Raised to $124.00

Arch Capital Group (NASDAQ:ACGL - Free Report) had its price objective raised by UBS Group to $124.00 in a research note issued to investors on Thursday morning,Stock Target Advisor reports. They currently have a buy rating on the insurance provider's stock.

Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. boosted their price target on Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th. JMP Securities reissued a "market outperform" rating and set a $125.00 price target on shares of Arch Capital Group in a research report on Wednesday, April 30th. Royal Bank of Canada reduced their price target on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. Wells Fargo & Company boosted their price target on Arch Capital Group from $106.00 to $108.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Finally, Barclays reduced their price target on Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, Arch Capital Group has an average rating of "Moderate Buy" and a consensus price target of $114.63.

Arch Capital Group Trading Up 2.8%

Shares of NASDAQ:ACGL traded up $2.52 during trading on Thursday, reaching $91.91. 1,658,574 shares of the stock were exchanged, compared to its average volume of 1,694,412. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. Arch Capital Group has a 12-month low of $82.49 and a 12-month high of $116.47. The firm has a market cap of $34.44 billion, a price-to-earnings ratio of 8.21, a price-to-earnings-growth ratio of 2.31 and a beta of 0.53. The firm's 50-day moving average price is $92.52 and its 200 day moving average price is $92.81.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The insurance provider reported $1.54 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.05). The company had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.75 billion. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. The business's revenue was up 10.5% on a year-over-year basis. During the same period last year, the firm posted $2.45 earnings per share. On average, sell-side analysts anticipate that Arch Capital Group will post 8.42 earnings per share for the current fiscal year.

Insider Activity at Arch Capital Group

In related news, CEO Nicolas Papadopoulo sold 7,636 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $92.48, for a total transaction of $706,177.28. Following the sale, the chief executive officer now directly owns 795,718 shares of the company's stock, valued at approximately $73,588,000.64. This represents a 0.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Francois Morin sold 12,630 shares of the company's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $94.58, for a total value of $1,194,545.40. Following the sale, the chief financial officer now directly owns 274,681 shares in the company, valued at approximately $25,979,328.98. This represents a 4.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 111,976 shares of company stock valued at $10,531,038. Corporate insiders own 4.20% of the company's stock.

Institutional Investors Weigh In On Arch Capital Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Oregon Public Employees Retirement Fund grew its stake in Arch Capital Group by 0.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 32,147 shares of the insurance provider's stock worth $2,969,000 after buying an additional 110 shares during the last quarter. Harbour Investments Inc. grew its stake in Arch Capital Group by 8.4% during the 1st quarter. Harbour Investments Inc. now owns 1,431 shares of the insurance provider's stock worth $138,000 after buying an additional 111 shares during the last quarter. Resonant Capital Advisors LLC grew its stake in Arch Capital Group by 1.7% during the 1st quarter. Resonant Capital Advisors LLC now owns 6,672 shares of the insurance provider's stock worth $642,000 after buying an additional 113 shares during the last quarter. Venturi Wealth Management LLC grew its stake in Arch Capital Group by 0.9% during the 1st quarter. Venturi Wealth Management LLC now owns 13,228 shares of the insurance provider's stock worth $1,272,000 after buying an additional 115 shares during the last quarter. Finally, Hemington Wealth Management grew its stake in Arch Capital Group by 27.7% during the 1st quarter. Hemington Wealth Management now owns 548 shares of the insurance provider's stock worth $52,000 after buying an additional 119 shares during the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

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.