Arch Capital Group (NASDAQ:ACGL) Price Target Raised to $52.00 at UBS Group

Arch Capital Group (NASDAQ:ACGL) had its target price upped by UBS Group from $49.00 to $52.00 in a research report released on Wednesday morning, Price Targets.com reports. The firm currently has a buy rating on the insurance provider’s stock.

A number of other equities research analysts have also recently commented on ACGL. Jefferies Financial Group began coverage on shares of Arch Capital Group in a research report on Thursday, November 18th. They issued a buy rating and a $50.00 target price for the company. Barclays raised their price objective on shares of Arch Capital Group from $50.00 to $51.00 and gave the stock an overweight rating in a research report on Thursday, January 6th. Royal Bank of Canada raised their price objective on shares of Arch Capital Group from $47.00 to $49.00 and gave the stock an outperform rating in a research report on Friday, October 29th. JMP Securities raised their price objective on shares of Arch Capital Group from $45.00 to $48.00 and gave the stock a market outperform rating in a research report on Thursday, October 28th. Finally, Morgan Stanley cut their price objective on shares of Arch Capital Group from $47.00 to $45.00 and set an equal weight rating for the company in a research report on Friday, October 15th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Buy and an average price target of $50.22.

NASDAQ:ACGL opened at $47.41 on Wednesday. The firm has a market capitalization of $18.31 billion, a P/E ratio of 9.56, a PEG ratio of 1.06 and a beta of 0.92. Arch Capital Group has a 1-year low of $31.23 and a 1-year high of $47.55. The company’s fifty day moving average price is $43.48 and its 200-day moving average price is $41.33. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.65 and a quick ratio of 0.65.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Tuesday, October 26th. The insurance provider reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.38. Arch Capital Group had a net margin of 22.28% and a return on equity of 9.33%. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the prior year, the firm posted $0.29 earnings per share. The firm’s quarterly revenue was up 20.2% compared to the same quarter last year. Equities analysts anticipate that Arch Capital Group will post 3.31 EPS for the current fiscal year.

In other news, insider Louis T. Petrillo sold 12,567 shares of the firm’s stock in a transaction that occurred on Thursday, November 18th. The shares were sold at an average price of $42.00, for a total value of $527,814.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman John M. Pasquesi acquired 484,544 shares of the stock in a transaction dated Thursday, November 11th. The stock was acquired at an average cost of $41.23 per share, with a total value of $19,977,749.12. The disclosure for this purchase can be found here. In the last three months, insiders sold 61,535 shares of company stock valued at $2,610,291. Insiders own 3.90% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Dark Forest Capital Management LP purchased a new position in Arch Capital Group in the third quarter worth approximately $25,000. Spire Wealth Management purchased a new position in Arch Capital Group in the third quarter worth approximately $32,000. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Arch Capital Group by 98.2% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,106 shares of the insurance provider’s stock worth $42,000 after buying an additional 548 shares during the last quarter. Farmers & Merchants Investments Inc. purchased a new stake in shares of Arch Capital Group during the 3rd quarter worth approximately $46,000. Finally, Cordasco Financial Network lifted its position in shares of Arch Capital Group by 25.4% during the 3rd quarter. Cordasco Financial Network now owns 1,234 shares of the insurance provider’s stock worth $47,000 after buying an additional 250 shares during the last quarter. Institutional investors own 88.24% of the company’s stock.

About Arch Capital Group

Arch Capital Group Ltd. provides property and casualty insurance and reinsurance lines. It operates through the following segments: Insurance, Reinsurance, Mortgage, Corporate (Non-Underwriting), and Other. The Insurance segment consists insurance underwriting units which offer specialty product lines like construction and national accounts, excess and surplus casualty, lenders products, professional lines, and programs.

Featured Story: Liquidity

Analyst Recommendations for Arch Capital Group (NASDAQ:ACGL)

Receive News & Ratings for Arch Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arch Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.