JMP Securities Raises Arch Capital Group (NASDAQ:ACGL) Price Target to $125.00

Arch Capital Group (NASDAQ:ACGL) had its target price lifted by JMP Securities from $115.00 to $125.00 in a research report released on Tuesday morning, Benzinga reports. They currently have a market outperform rating on the insurance provider’s stock.

Several other research analysts also recently weighed in on ACGL. Citigroup boosted their price target on Arch Capital Group from $105.00 to $114.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Royal Bank of Canada boosted their price target on Arch Capital Group from $108.00 to $112.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. boosted their price target on Arch Capital Group from $108.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. StockNews.com downgraded Arch Capital Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. Finally, Bank of America upped their price objective on Arch Capital Group from $119.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $119.53.

Arch Capital Group Trading Up 0.7 %

Shares of Arch Capital Group stock opened at $108.25 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.60 and a quick ratio of 0.60. Arch Capital Group has a 1 year low of $72.85 and a 1 year high of $116.47. The company has a market capitalization of $40.65 billion, a P/E ratio of 8.54, a P/E/G ratio of 2.03 and a beta of 0.59. The business has a 50 day moving average price of $109.85 and a 200 day moving average price of $101.71.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.36. Arch Capital Group had a return on equity of 21.42% and a net margin of 35.19%. The firm had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the previous year, the firm posted $1.92 EPS. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. Sell-side analysts anticipate that Arch Capital Group will post 9.11 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Francois Morin sold 11,460 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the completion of the sale, the chief financial officer now directly owns 221,779 shares of the company’s stock, valued at approximately $22,723,476.34. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 4.20% of the stock is owned by corporate insiders.

Institutional Trading of Arch Capital Group

A number of institutional investors have recently added to or reduced their stakes in ACGL. Fiduciary Financial Group LLC boosted its position in Arch Capital Group by 2.8% in the 3rd quarter. Fiduciary Financial Group LLC now owns 3,779 shares of the insurance provider’s stock valued at $415,000 after buying an additional 103 shares during the last quarter. Baldwin Brothers LLC MA boosted its position in Arch Capital Group by 50.7% in the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock valued at $31,000 after buying an additional 104 shares during the last quarter. Fidelis Capital Partners LLC boosted its position in Arch Capital Group by 3.1% in the 2nd quarter. Fidelis Capital Partners LLC now owns 3,553 shares of the insurance provider’s stock valued at $344,000 after buying an additional 106 shares during the last quarter. Sunbelt Securities Inc. boosted its position in Arch Capital Group by 1.8% in the 1st quarter. Sunbelt Securities Inc. now owns 6,679 shares of the insurance provider’s stock valued at $617,000 after buying an additional 117 shares during the last quarter. Finally, Resonant Capital Advisors LLC boosted 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. 89.07% of the stock is owned by hedge funds and other institutional investors.

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.