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

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

A number of other analysts have also recently weighed in on the company. Evercore ISI raised their price target on Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a research note on Wednesday, October 9th. Jefferies Financial Group lifted their target price on Arch Capital Group from $114.00 to $134.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. StockNews.com cut Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 31st. Roth Mkm lifted their target price on Arch Capital Group from $110.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Finally, Citigroup lifted their target price on Arch Capital Group from $105.00 to $114.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $119.53.

Arch Capital Group Stock Up 0.7 %

Arch Capital Group stock opened at $108.25 on Tuesday. Arch Capital Group has a 1-year low of $72.85 and a 1-year high of $116.47. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a market cap of $40.65 billion, a PE ratio of 8.54, a P/E/G ratio of 2.03 and a beta of 0.59. The stock’s fifty day moving average is $109.85 and its two-hundred day moving average is $101.71.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same period last year, the firm earned $1.92 earnings per share. Arch Capital Group’s quarterly revenue was up 10.3% on a year-over-year basis. On average, sell-side analysts expect that Arch Capital Group will post 9.11 EPS for the current fiscal year.

Insider Buying and Selling

In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of Arch Capital Group stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $102.46, for a total value of $1,174,191.60. Following the sale, the chief financial officer now owns 221,779 shares of the company’s stock, valued at approximately $22,723,476.34. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On Arch Capital Group

Institutional investors have recently added to or reduced their stakes in the business. Centaurus Financial Inc. boosted its stake in shares of Arch Capital Group by 21.7% during the 4th quarter. Centaurus Financial Inc. now owns 2,195 shares of the insurance provider’s stock worth $163,000 after acquiring an additional 392 shares in the last quarter. American International Group Inc. boosted its stake in shares of Arch Capital Group by 0.9% during the 4th quarter. American International Group Inc. now owns 102,631 shares of the insurance provider’s stock worth $7,622,000 after acquiring an additional 941 shares in the last quarter. Richardson Financial Services Inc. purchased a new stake in shares of Arch Capital Group during the 4th quarter worth approximately $33,000. Quadrature Capital Ltd purchased a new stake in shares of Arch Capital Group during the 4th quarter worth approximately $694,000. Finally, HighPoint Advisor Group LLC purchased a new stake in shares of Arch Capital Group during the 4th quarter worth approximately $182,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

About Arch Capital Group

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.