Arch Capital Group (NASDAQ:ACGL) PT Raised to $100.00

Arch Capital Group (NASDAQ:ACGL) had its price objective lifted by equities research analysts at Evercore ISI from $98.00 to $100.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has an “in-line” rating on the insurance provider’s stock. Evercore ISI’s target price suggests a potential upside of 4.38% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. UBS Group decreased their price target on Arch Capital Group from $101.00 to $97.00 and set a “buy” rating on the stock in a report on Wednesday, January 10th. TD Cowen began coverage on Arch Capital Group in a report on Wednesday, January 10th. They issued an “outperform” rating and a $96.00 price target on the stock. Roth Mkm reiterated a “buy” rating and issued a $110.00 price target on shares of Arch Capital Group in a report on Tuesday. Morgan Stanley raised their price target on Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Finally, JMP Securities restated a “market outperform” rating and set a $100.00 target price on shares of Arch Capital Group in a report on Monday, April 15th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $100.67.

Arch Capital Group Stock Performance

Shares of NASDAQ:ACGL opened at $95.80 on Tuesday. Arch Capital Group has a twelve month low of $69.05 and a twelve month high of $96.58. The firm has a market cap of $35.94 billion, a PE ratio of 8.24, a price-to-earnings-growth ratio of 1.14 and a beta of 0.57. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.57. The business has a fifty day moving average of $90.60 and a 200-day moving average of $84.56.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Monday, April 29th. The insurance provider reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.39. The business had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $3.77 billion. Arch Capital Group had a return on equity of 23.02% and a net margin of 33.65%. The firm’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.73 earnings per share. On average, equities research analysts predict that Arch Capital Group will post 8.03 EPS for the current fiscal year.

Insider Activity

In other news, insider Nicolas Papadopoulo sold 60,000 shares of Arch Capital Group stock in a transaction dated Thursday, March 7th. The stock was 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Francois Morin sold 25,689 shares of Arch Capital Group stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the transaction, the chief financial officer now owns 221,779 shares in the company, valued at approximately $19,399,009.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicolas Papadopoulo sold 60,000 shares of Arch Capital Group stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $87.52, for a total value 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 disclosure for this sale can be found here. Insiders have sold 135,689 shares of company stock worth $11,872,217 in the last 90 days. Corporate insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On Arch Capital Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Resonant Capital Advisors LLC raised its position in Arch Capital Group by 2.1% in the 1st quarter. Resonant Capital Advisors LLC now owns 5,802 shares of the insurance provider’s stock valued at $536,000 after buying an additional 118 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of Arch Capital Group by 1.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 90,592 shares of the insurance provider’s stock worth $8,374,000 after purchasing an additional 1,444 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Arch Capital Group by 6.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 94,729 shares of the insurance provider’s stock worth $8,757,000 after purchasing an additional 5,607 shares during the last quarter. Smith Group Asset Management LLC increased its position in shares of Arch Capital Group by 12.2% during the 1st quarter. Smith Group Asset Management LLC now owns 341,300 shares of the insurance provider’s stock worth $31,550,000 after purchasing an additional 37,180 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC increased its position in shares of Arch Capital Group by 7.6% during the 1st quarter. SeaBridge Investment Advisors LLC now owns 22,348 shares of the insurance provider’s stock worth $2,066,000 after purchasing an additional 1,574 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Company Profile

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.