Arch Capital Group (NASDAQ:ACGL) Price Target Raised to $110.00 at Deutsche Bank Aktiengesellschaft

Arch Capital Group (NASDAQ:ACGL) had its target price boosted by Deutsche Bank Aktiengesellschaft from $103.00 to $110.00 in a report published on Tuesday, Benzinga reports. They currently have a buy rating on the insurance provider’s stock.

ACGL has been the topic of a number of other reports. StockNews.com downgraded shares of Arch Capital Group from a buy rating to a hold rating in a research note on Monday, March 11th. Evercore ISI upped their target price on Arch Capital Group from $98.00 to $100.00 and gave the stock an in-line rating in a research report on Tuesday. TD Cowen initiated coverage on Arch Capital Group in a research note on Wednesday, January 10th. They set an outperform rating and a $96.00 price target for the company. Wells Fargo & Company boosted their price target on Arch Capital Group from $104.00 to $109.00 and gave the company an overweight rating in a research note on Thursday, April 11th. Finally, Morgan Stanley raised their price objective on shares of Arch Capital Group from $104.00 to $109.00 and gave the company an overweight rating in a research report on Monday, April 15th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $100.60.

Arch Capital Group Trading Up 2.5 %

NASDAQ:ACGL opened at $93.54 on Tuesday. The stock has a market cap of $35.09 billion, a PE ratio of 8.05, a price-to-earnings-growth ratio of 1.13 and a beta of 0.57. Arch Capital Group has a fifty-two week low of $69.05 and a fifty-two week high of $95.01. 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 stock’s 50-day moving average is $90.44 and its two-hundred day moving average is $84.49.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Tuesday, April 30th. The insurance provider reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.39. The firm had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $3.77 billion. Arch Capital Group had a net margin of 32.59% and a return on equity of 21.94%. The firm’s revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.73 earnings per share. As a group, equities research analysts forecast that Arch Capital Group will post 8.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Nicolas Papadopoulo sold 60,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total value of $5,251,200.00. Following the completion of the sale, the insider now directly owns 651,931 shares of the company’s stock, valued at $57,057,001.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Nicolas Papadopoulo sold 60,000 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 651,931 shares in the company, valued at approximately $57,057,001.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Francois Morin sold 25,689 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the completion of the sale, the chief financial officer now owns 221,779 shares of the company’s stock, valued at approximately $19,399,009.13. The disclosure for this sale can be found here. In the last 90 days, insiders sold 135,689 shares of company stock valued at $11,872,217. Insiders own 4.00% of the company’s stock.

Institutional Trading of Arch Capital Group

Institutional investors have recently modified their holdings of the company. Davis Asset Management L.P. boosted its position in shares of Arch Capital Group by 441.7% during the 4th quarter. Davis Asset Management L.P. now owns 6,500,000 shares of the insurance provider’s stock valued at $482,755,000 after acquiring an additional 5,300,000 shares in the last quarter. Norges Bank acquired a new stake in Arch Capital Group during the fourth quarter valued at approximately $309,496,000. Envestnet Asset Management Inc. grew its stake in shares of Arch Capital Group by 112.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,620,807 shares of the insurance provider’s stock valued at $208,905,000 after purchasing an additional 1,387,072 shares during the period. Hsbc Holdings PLC grew its stake in shares of Arch Capital Group by 597.9% in the 3rd quarter. Hsbc Holdings PLC now owns 1,419,944 shares of the insurance provider’s stock valued at $113,516,000 after purchasing an additional 1,216,498 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of Arch Capital Group by 61.6% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,191,282 shares of the insurance provider’s stock worth $237,017,000 after buying an additional 1,216,080 shares in the last quarter. 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.