Arch Capital Group (NASDAQ:ACGL) Price Target Raised to $116.00

Arch Capital Group (NASDAQ:ACGL) had its price target lifted by equities research analysts at JPMorgan Chase & Co. from $110.00 to $116.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the insurance provider’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 14.21% from the company’s previous close.

A number of other research analysts have also recently commented on the company. Citigroup upped their target price on Arch Capital Group from $120.00 to $122.50 and gave the company a “buy” rating in a research note on Thursday, April 30th. Atlantic Securities set a $126.00 price objective on Arch Capital Group in a research report on Wednesday. UBS Group reiterated a “buy” rating and issued a $120.00 target price (up from $114.00) on shares of Arch Capital Group in a research note on Wednesday, July 8th. Morgan Stanley lifted their target price on Arch Capital Group from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $102.00 target price (up from $100.00) on shares of Arch Capital Group in a research note on Thursday, July 9th. Eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $109.82.

Arch Capital Group Trading Up 0.2%

ACGL stock traded up $0.21 during mid-day trading on Monday, reaching $101.56. 246,492 shares of the stock traded hands, compared to its average volume of 2,128,722. Arch Capital Group has a one year low of $82.44 and a one year high of $105.09. The stock has a market capitalization of $35.49 billion, a PE ratio of 7.79, a PEG ratio of 5.04 and a beta of 0.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.55 and a current ratio of 0.55. The business has a 50-day moving average price of $95.09 and a two-hundred day moving average price of $95.63.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share (EPS) for the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. The firm had revenue of $4.52 billion during the quarter. Equities research analysts expect that Arch Capital Group will post 9.35 EPS for the current year.

Insider Activity

In other Arch Capital Group news, Director Daniel Joseph Houston acquired 5,300 shares of the company’s stock in a transaction dated Thursday, April 30th. The shares were purchased at an average cost of $94.08 per share, for a total transaction of $498,624.00. Following the completion of the purchase, the director owned 9,915 shares in the company, valued at approximately $932,803.20. This trade represents a 114.84% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Brian S. Posner sold 3,000 shares of Arch Capital Group stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $19.66, for a total transaction of $58,980.00. The disclosure for this sale is available in the SEC filing. 3.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. grew its holdings in Arch Capital Group by 157.9% in the first quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock worth $65,000 after purchasing an additional 412 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in Arch Capital Group in the second quarter worth about $253,000. CW Advisors LLC grew its stake in shares of Arch Capital Group by 6.5% during the second quarter. CW Advisors LLC now owns 3,098 shares of the insurance provider’s stock worth $282,000 after acquiring an additional 189 shares during the last quarter. Jump Financial LLC acquired a new position in shares of Arch Capital Group during the second quarter valued at about $667,000. Finally, Cerity Partners LLC raised its position in shares of Arch Capital Group by 11.6% in the 2nd quarter. Cerity Partners LLC now owns 47,486 shares of the insurance provider’s stock valued at $4,324,000 after purchasing an additional 4,933 shares during the last quarter. 89.07% of the stock is owned by institutional investors.

Arch Capital Group Company Profile

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.