Arch Capital Group (NASDAQ:ACGL) Price Target Raised to $106.00

Arch Capital Group (NASDAQ:ACGL) had its price objective raised by Jefferies Financial Group from $105.00 to $106.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a buy rating on the insurance provider’s stock.

A number of other equities research analysts have also issued reports on the company. UBS Group lowered their target price on Arch Capital Group from $127.00 to $124.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. JMP Securities reaffirmed a “market outperform” rating and issued a $125.00 price objective on shares of Arch Capital Group in a research report on Tuesday, February 11th. Barclays reduced their target price on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. Royal Bank of Canada lowered their price target on shares of Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Finally, Wells Fargo & Company cut their price objective on shares of Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $114.88.

Arch Capital Group Trading Up 1.7 %

NASDAQ ACGL opened at $92.13 on Friday. The firm has a market capitalization of $34.61 billion, a price-to-earnings ratio of 8.23, a PEG 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. Arch Capital Group has a one year low of $82.49 and a one year high of $116.47. The company’s 50 day moving average price is $91.52 and its 200 day moving average price is $96.40.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. During the same period in the prior year, the firm posted $2.45 EPS. On average, sell-side analysts predict that Arch Capital Group will post 8.42 EPS for the current year.

Insider Buying and Selling

In related news, insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the sale, the insider now owns 140,023 shares in the company, valued at $12,742,093. This represents a 7.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Arch Capital Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Arch Capital Group by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 41,999,603 shares of the insurance provider’s stock worth $3,878,663,000 after purchasing an additional 182,150 shares during the last quarter. Geode Capital Management LLC lifted its stake in Arch Capital Group by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 11,010,756 shares of the insurance provider’s stock valued at $1,014,648,000 after buying an additional 180,493 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Arch Capital Group by 10.5% during the fourth quarter. Principal Financial Group Inc. now owns 8,222,244 shares of the insurance provider’s stock valued at $759,324,000 after acquiring an additional 783,506 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Arch Capital Group by 4.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,350,868 shares of the insurance provider’s stock worth $488,992,000 after acquiring an additional 226,617 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its holdings in shares of Arch Capital Group by 1.9% in the 4th quarter. Nuveen Asset Management LLC now owns 4,888,997 shares of the insurance provider’s stock worth $451,499,000 after acquiring an additional 93,226 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

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.