Arch Capital Group (NASDAQ:ACGL) Receives Buy Rating from Roth Mkm

Roth Mkm reiterated their buy rating on shares of Arch Capital Group (NASDAQ:ACGL) in a report issued on Tuesday, Marketbeat Ratings reports. The brokerage currently has a $110.00 price target on the insurance provider’s stock.

ACGL has been the topic of several other reports. JMP Securities restated a market outperform rating and set a $100.00 target price on shares of Arch Capital Group in a research report on Monday, April 15th. TD Cowen began coverage on Arch Capital Group in a research report on Wednesday, January 10th. They set an outperform rating and a $96.00 price objective on the stock. Morgan Stanley lifted their target price on Arch Capital Group from $104.00 to $109.00 and gave the stock an overweight rating in a report on Monday, April 15th. StockNews.com lowered Arch Capital Group from a buy rating to a hold rating in a report on Monday, March 11th. Finally, Evercore ISI lifted their price objective on shares of Arch Capital Group from $92.00 to $100.00 and gave the stock an in-line rating in a research note on Thursday, April 11th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Arch Capital Group presently has a consensus rating of Moderate Buy and an average price target of $100.60.

Arch Capital Group Stock Performance

NASDAQ:ACGL opened at $93.54 on Tuesday. The company has a market cap of $35.09 billion, a price-to-earnings ratio of 8.05, a PEG ratio of 1.13 and a beta of 0.57. Arch Capital Group has a 1 year low of $69.05 and a 1 year high of $95.01. The stock’s 50 day simple moving average is $90.44 and its two-hundred day simple moving average is $84.49. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.57 and a quick ratio of 0.57.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Tuesday, April 30th. The insurance provider reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.39. The company had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $3.77 billion. Arch Capital Group had a net margin of 32.59% and a return on equity of 21.94%. Arch Capital Group’s quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.73 earnings per share. As a group, equities analysts anticipate that Arch Capital Group will post 8.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Arch Capital Group news, CFO Francois Morin sold 25,689 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $87.47, for a total value of $2,247,016.83. Following the completion of the sale, the chief financial officer now directly owns 221,779 shares of the company’s stock, valued at approximately $19,399,009.13. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Arch Capital Group news, CEO Maamoun Rajeh sold 50,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total value of $4,374,000.00. Following the completion of the sale, the chief executive officer now directly owns 336,170 shares in the company, valued at approximately $29,408,151.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Francois Morin sold 25,689 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $87.47, for a total value of $2,247,016.83. Following the transaction, the chief financial officer now owns 221,779 shares in the company, valued at approximately $19,399,009.13. The disclosure for this sale can be found here. Insiders have sold 135,689 shares of company stock valued at $11,872,217 in the last 90 days. Company insiders own 4.00% of the company’s stock.

Institutional Trading of Arch Capital Group

A number of hedge funds have recently added to or reduced their stakes in ACGL. Capital World Investors lifted its holdings in Arch Capital Group by 0.6% during the fourth quarter. Capital World Investors now owns 10,611,092 shares of the insurance provider’s stock worth $788,086,000 after buying an additional 58,862 shares during the period. Principal Financial Group Inc. raised its position in shares of Arch Capital Group by 11.4% in the 1st quarter. Principal Financial Group Inc. now owns 6,800,236 shares of the insurance provider’s stock worth $628,614,000 after acquiring an additional 693,608 shares in the last quarter. Davis Asset Management L.P. lifted its stake in shares of Arch Capital Group by 441.7% during the 4th quarter. Davis Asset Management L.P. now owns 6,500,000 shares of the insurance provider’s stock worth $482,755,000 after purchasing an additional 5,300,000 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Arch Capital Group by 1.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,907,122 shares of the insurance provider’s stock worth $546,054,000 after purchasing an additional 99,329 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Arch Capital Group by 9.2% during the third quarter. Northern Trust Corp now owns 4,652,983 shares of the insurance provider’s stock valued at $370,889,000 after purchasing an additional 390,362 shares in 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.