Jefferies Financial Group Raises Arch Capital Group (NASDAQ:ACGL) Price Target to $134.00

Arch Capital Group (NASDAQ:ACGL) had its target price hoisted by Jefferies Financial Group from $114.00 to $134.00 in a report released on Wednesday, Benzinga reports. The firm currently has a buy rating on the insurance provider’s stock.

A number of other brokerages have also recently weighed in on ACGL. JPMorgan Chase & Co. boosted their price objective on shares of Arch Capital Group from $106.00 to $108.00 and gave the stock a neutral rating in a research note on Wednesday, July 31st. Wells Fargo & Company decreased their price target on shares of Arch Capital Group from $111.00 to $110.00 and set an overweight rating for the company in a report on Monday, August 12th. Deutsche Bank Aktiengesellschaft lifted their price objective on Arch Capital Group from $110.00 to $120.00 and gave the stock a buy rating in a research note on Monday, July 1st. Evercore ISI increased their target price on Arch Capital Group from $104.00 to $107.00 and gave the company an in-line rating in a research note on Wednesday. Finally, JMP Securities lifted their price target on Arch Capital Group from $110.00 to $115.00 and gave the stock a market outperform rating in a research report on Wednesday, July 31st. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $118.87.

Arch Capital Group Price Performance

NASDAQ ACGL opened at $114.40 on Wednesday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $43.02 billion, a PE ratio of 8.05, a price-to-earnings-growth ratio of 2.03 and a beta of 0.59. Arch Capital Group has a 12-month low of $72.85 and a 12-month high of $116.47. The company has a 50 day moving average price of $108.91 and a two-hundred day moving average price of $101.31.

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

Insider Activity

In related news, CFO Francois Morin sold 11,460 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $102.46, for a total value of $1,174,191.60. Following the completion of the transaction, the chief financial officer now owns 221,779 shares of the company’s stock, valued at $22,723,476.34. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Arch Capital Group

Several large investors have recently modified their holdings of the stock. Creative Planning lifted its position in shares of Arch Capital Group by 4.7% during the 3rd quarter. Creative Planning now owns 37,950 shares of the insurance provider’s stock worth $4,246,000 after buying an additional 1,720 shares during the period. CX Institutional lifted its holdings in shares of Arch Capital Group by 1,838.1% during the third quarter. CX Institutional now owns 40,953 shares of the insurance provider’s stock valued at $4,582,000 after acquiring an additional 38,840 shares during the period. Empirical Asset Management LLC acquired a new stake in shares of Arch Capital Group in the 3rd quarter valued at $904,000. Procyon Advisors LLC boosted its stake in shares of Arch Capital Group by 8.0% in the 3rd quarter. Procyon Advisors LLC now owns 9,264 shares of the insurance provider’s stock valued at $1,037,000 after purchasing an additional 687 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA bought a new stake in shares of Arch Capital Group in the 3rd quarter worth about $46,000. 89.07% of the stock is currently owned by 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.