Arch Capital Group (NASDAQ:ACGL) Given New $125.00 Price Target at Citigroup

Arch Capital Group (NASDAQ:ACGL) had its target price boosted by investment analysts at Citigroup from $122.50 to $125.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the insurance provider’s stock. Citigroup‘s target price would suggest a potential upside of 20.26% from the stock’s current price.

A number of other research analysts have also weighed in on the stock. Atlantic Securities set a $126.00 price target on shares of Arch Capital Group in a research report on Wednesday, July 15th. Weiss Ratings raised shares of Arch Capital Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 9th. UBS Group restated 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. Mizuho set a $100.00 target price on Arch Capital Group and gave the company a “neutral” rating in a report on Wednesday, September 16th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $120.00 price target (up from $115.00) on shares of Arch Capital Group in a research report on Thursday, July 30th. Six investment 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, the company presently has a consensus rating of “Hold” and a consensus target price of $108.79.

Arch Capital Group Stock Up 1.4%

Arch Capital Group stock traded up $1.44 during trading on Thursday, hitting $103.94. 1,931,025 shares of the company were exchanged, compared to its average volume of 2,349,998. The company has a market capitalization of $35.47 billion, a P/E ratio of 8.13, a PEG ratio of 3.06 and a beta of 0.28. The business’s 50 day moving average is $97.69 and its 200 day moving average is $96.66. Arch Capital Group has a 52 week low of $84.69 and a 52 week high of $107.08. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.23.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Tuesday, October 27th. The insurance provider reported $2.67 earnings per share for the quarter, beating the consensus estimate of $2.31 by $0.36. Arch Capital Group had a return on equity of 17.06% and a net margin of 24.40%. The business had revenue of $4.66 billion for the quarter, compared to analysts’ expectations of $4.06 billion. During the same period last year, the business earned $2.77 EPS. Analysts predict that Arch Capital Group will post 9.77 earnings per share for the current year.

Insider Transactions at Arch Capital Group

In related news, CFO Francois Morin sold 11,010 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $99.32, for a total transaction of $1,093,513.20. Following the completion of the sale, the chief financial officer owned 184,826 shares in the company, valued at approximately $18,356,918.32. This trade represents a 5.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ACGL. Dimensional Fund Advisors LP raised its holdings in shares of Arch Capital Group by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,173,885 shares of the insurance provider’s stock worth $400,643,000 after purchasing an additional 117,929 shares during the period. Madison Asset Management LLC bought a new position in Arch Capital Group during the second quarter valued at $368,808,000. First Trust Advisors LP grew its holdings in Arch Capital Group by 319.5% during the first quarter. First Trust Advisors LP now owns 2,626,148 shares of the insurance provider’s stock valued at $252,084,000 after purchasing an additional 2,000,162 shares during the period. Robeco Institutional Asset Management B.V. increased its position in Arch Capital Group by 10.3% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,259,582 shares of the insurance provider’s stock worth $208,695,000 after buying an additional 210,609 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in Arch Capital Group by 50.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,910,063 shares of the insurance provider’s stock worth $183,347,000 after buying an additional 641,462 shares during the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Company Profile

Arch Capital Group Ltd. is a Bermuda-based insurance, reinsurance and mortgage insurance company whose shares trade on the Nasdaq under the symbol ACGL. The company was established in 1995 and has developed into a global provider of specialty risk-management products and services.

Through its insurance operations, Arch offers property, casualty, specialty, and accident and health coverage to businesses and other policyholders. Its reinsurance operations provide coverage and risk-transfer solutions to insurance companies across a range of property and casualty lines.