JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Arch Capital Group (NASDAQ:ACGL) Stock

Arch Capital Group (NASDAQ:ACGL) had its price objective upped by equities researchers at JPMorgan Chase & Co. from $106.00 to $107.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the insurance provider’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 16.97% from the company’s previous close.

Other equities analysts have also issued reports about the stock. UBS Group cut their price objective on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Royal Bank of Canada cut their price target on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Barclays decreased their price objective on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. Wells Fargo & Company cut their target price on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Finally, JMP Securities restated a “market outperform” rating and set a $125.00 target price on shares of Arch Capital Group in a research report on Tuesday, February 11th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $117.06.

Arch Capital Group Stock Up 5.9 %

NASDAQ:ACGL opened at $91.48 on Tuesday. The company has a market cap of $34.37 billion, a price-to-earnings ratio of 8.17, a P/E/G ratio of 2.31 and a beta of 0.36. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. The stock’s fifty day moving average price is $91.58 and its two-hundred day moving average price is $96.82. Arch Capital Group has a 52-week low of $82.49 and a 52-week high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.36. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. During the same quarter last year, the firm earned $2.45 EPS. On average, analysts anticipate that Arch Capital Group will post 8.42 EPS for the current year.

Insider Transactions at Arch Capital Group

In related news, insider Louis T. Petrillo sold 11,600 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total value of $1,055,600.00. Following the completion of the transaction, the insider now directly owns 140,023 shares of the company’s stock, valued at approximately $12,742,093. This represents a 7.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.10% of the stock is owned by insiders.

Institutional Trading of Arch Capital Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Merit Financial Group LLC grew its holdings in shares of Arch Capital Group by 11.2% during the first quarter. Merit Financial Group LLC now owns 6,575 shares of the insurance provider’s stock worth $632,000 after buying an additional 664 shares in the last quarter. Harbor Investment Advisory LLC grew its stake in shares of Arch Capital Group by 242.5% during the 1st quarter. Harbor Investment Advisory LLC now owns 3,199 shares of the insurance provider’s stock worth $308,000 after acquiring an additional 2,265 shares in the last quarter. NBC Securities Inc. raised its holdings in shares of Arch Capital Group by 124,050.0% in the first quarter. NBC Securities Inc. now owns 4,966 shares of the insurance provider’s stock valued at $477,000 after purchasing an additional 4,962 shares during the last quarter. Baker Tilly Wealth Management LLC lifted its position in shares of Arch Capital Group by 9.3% in the first quarter. Baker Tilly Wealth Management LLC now owns 3,836 shares of the insurance provider’s stock worth $369,000 after purchasing an additional 327 shares in the last quarter. Finally, Czech National Bank boosted its holdings in Arch Capital Group by 6.0% during the first quarter. Czech National Bank now owns 86,103 shares of the insurance provider’s stock worth $8,281,000 after purchasing an additional 4,856 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.