Arch Capital Group (NASDAQ:ACGL) Price Target Raised to $111.00

Arch Capital Group (NASDAQ:ACGL) had its price objective lifted by stock analysts at Cantor Fitzgerald from $105.00 to $111.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a “neutral” rating on the insurance provider’s stock. Cantor Fitzgerald‘s price objective indicates a potential upside of 4.36% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Wells Fargo & Company reissued an “overweight” rating and issued a $107.00 price objective (down from $117.00) on shares of Arch Capital Group in a research note on Monday, October 12th. Keefe, Bruyette & Woods decreased their target price on shares of Arch Capital Group from $99.00 to $95.00 and set a “market perform” rating on the stock in a research report on Monday, October 12th. Mizuho set a $100.00 price target on shares of Arch Capital Group and gave the stock a “neutral” rating in a research note on Wednesday, September 16th. Evercore reduced their price target on shares of Arch Capital Group from $105.00 to $103.00 in a research note on Wednesday, October 28th. Finally, UBS Group reiterated a “buy” rating and set a $120.00 target price (up from $114.00) on shares of Arch Capital Group in a report on Wednesday, July 8th. Seven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Arch Capital Group presently has an average rating of “Hold” and a consensus price target of $110.29.

Arch Capital Group Price Performance

ACGL stock opened at $106.36 on Monday. Arch Capital Group has a fifty-two week low of $84.69 and a fifty-two week high of $107.08. The business’s 50-day moving average is $97.94 and its two-hundred day moving average is $96.77. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.57 and a current ratio of 0.56. The company has a market cap of $36.29 billion, a price-to-earnings ratio of 8.70, a P/E/G ratio of 3.54 and a beta of 0.22.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Tuesday, October 27th. The insurance provider reported $2.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.36. The company had revenue of $4.66 billion during the quarter, compared to analyst estimates of $4.06 billion. Arch Capital Group had a net margin of 23.31% and a return on equity of 16.62%. During the same period in the previous year, the business posted $2.77 earnings per share. As a group, analysts forecast that Arch Capital Group will post 10.02 earnings per share for the current year.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 11,010 shares of Arch Capital Group stock in a transaction dated Tuesday, August 18th. The stock was 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 of the company’s stock, valued at approximately $18,356,918.32. The trade was a 5.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Arch Capital Group

A number of institutional investors and hedge funds have recently modified their holdings of ACGL. Kestra Private Wealth Services LLC increased its holdings in Arch Capital Group by 6.3% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 8,001 shares of the insurance provider’s stock worth $739,000 after buying an additional 472 shares during the period. Chicago Partners Investment Group LLC lifted its stake in Arch Capital Group by 398.4% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 14,340 shares of the insurance provider’s stock valued at $1,458,000 after acquiring an additional 11,463 shares during the period. Covestor Ltd boosted its holdings in shares of Arch Capital Group by 23.4% in the 3rd quarter. Covestor Ltd now owns 785 shares of the insurance provider’s stock valued at $73,000 after acquiring an additional 149 shares during the last quarter. 3Chopt Investment Partners LLC boosted its holdings in shares of Arch Capital Group by 0.7% in the 3rd quarter. 3Chopt Investment Partners LLC now owns 24,774 shares of the insurance provider’s stock valued at $2,288,000 after acquiring an additional 166 shares during the last quarter. Finally, Rakuten Investment Management Inc. acquired a new stake in shares of Arch Capital Group in the third quarter worth $5,807,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

About Arch Capital Group

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.