Arch Capital Group (NASDAQ:ACGL) Given New $110.00 Price Target at JPMorgan Chase & Co.

Arch Capital Group (NASDAQ:ACGL) had its price target cut by analysts at JPMorgan Chase & Co. from $117.00 to $110.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the insurance provider’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 13.06% from the company’s current price.

ACGL has been the subject of several other research reports. Barclays raised their target price on Arch Capital Group from $104.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th. Mizuho boosted their target price on Arch Capital Group from $95.00 to $102.00 and gave the stock a “neutral” rating in a research report on Thursday, February 12th. Cantor Fitzgerald reiterated a “neutral” rating and set a $100.00 price target (up from $97.00) on shares of Arch Capital Group in a research report on Tuesday, February 17th. The Goldman Sachs Group restated a “sell” rating and issued a $93.00 price objective (up from $84.00) on shares of Arch Capital Group in a research report on Wednesday, January 7th. Finally, Royal Bank Of Canada lifted their target price on shares of Arch Capital Group from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, February 11th. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Arch Capital Group presently has an average rating of “Hold” and a consensus target price of $108.93.

Arch Capital Group Stock Performance

Shares of ACGL traded down $0.30 during trading hours on Monday, hitting $97.29. The company’s stock had a trading volume of 703,899 shares, compared to its average volume of 2,013,099. The business has a 50 day simple moving average of $96.70 and a two-hundred day simple moving average of $93.95. Arch Capital Group has a 52-week low of $82.44 and a 52-week high of $103.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.53 and a quick ratio of 0.53. The company has a market cap of $34.66 billion, a price-to-earnings ratio of 8.38, a PEG ratio of 4.85 and a beta of 0.41.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Monday, February 9th. The insurance provider reported $2.98 EPS for the quarter, topping the consensus estimate of $2.34 by $0.64. Arch Capital Group had a net margin of 22.07% and a return on equity of 16.73%. The company had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $3.94 billion. During the same period last year, the firm earned $2.26 EPS. On average, equities analysts expect 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 21,930 shares of the company’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $96.31, for a total value of $2,112,078.30. Following the sale, the chief executive officer directly owned 871,594 shares of the company’s stock, valued at $83,943,218.14. This represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Maamoun Rajeh sold 47,430 shares of the firm’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $96.12, for a total value of $4,558,971.60. Following the transaction, the insider directly owned 433,589 shares of the company’s stock, valued at $41,676,574.68. This represents a 9.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 78,267 shares of company stock worth $7,291,637 over the last ninety days. Corporate insiders own 3.30% of the company’s stock.

Institutional Investors Weigh In On Arch Capital Group

A number of institutional investors have recently modified their holdings of the stock. Bridges Investment Management Inc. purchased a new position in shares of Arch Capital Group in the third quarter valued at about $1,413,000. Allianz Asset Management GmbH boosted its stake in Arch Capital Group by 12.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 192,567 shares of the insurance provider’s stock worth $17,472,000 after purchasing an additional 21,323 shares during the period. High Ground Investment Management LLP grew its holdings in Arch Capital Group by 3.5% during the 3rd quarter. High Ground Investment Management LLP now owns 1,714,668 shares of the insurance provider’s stock valued at $155,572,000 after buying an additional 58,151 shares in the last quarter. WCM Investment Management LLC boosted its position in shares of Arch Capital Group by 1.3% during the third quarter. WCM Investment Management LLC now owns 13,525,402 shares of the insurance provider’s stock worth $1,214,987,000 after acquiring an additional 171,693 shares during the last quarter. Finally, Cooke & Bieler LP purchased a new position in Arch Capital Group during the third quarter valued at $210,856,000. 89.07% of the stock is owned by hedge funds and other 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.