Arch Capital Group (NASDAQ:ACGL) PT Raised to $110.00 at Deutsche Bank Aktiengesellschaft

Arch Capital Group (NASDAQ:ACGL) had its target price lifted by research analysts at Deutsche Bank Aktiengesellschaft from $103.00 to $110.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the insurance provider’s stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 14.82% from the stock’s current price.

A number of other research firms also recently commented on ACGL. Wells Fargo & Company boosted their price target on shares of Arch Capital Group from $104.00 to $109.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. TD Cowen began coverage on shares of Arch Capital Group in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $96.00 price objective on the stock. Morgan Stanley lifted their price objective on shares of Arch Capital Group from $104.00 to $109.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Evercore ISI lifted their price objective on shares of Arch Capital Group from $98.00 to $100.00 and gave the stock an “in-line” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Arch Capital Group from $88.00 to $92.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Arch Capital Group presently has an average rating of “Moderate Buy” and an average target price of $100.67.

Arch Capital Group Stock Up 2.4 %

ACGL stock opened at $95.80 on Tuesday. Arch Capital Group has a 52 week low of $69.05 and a 52 week high of $96.58. The company has a market capitalization of $35.94 billion, a price-to-earnings ratio of 8.24, a price-to-earnings-growth ratio of 1.14 and a beta of 0.57. The firm’s 50-day moving average is $90.60 and its two-hundred day moving average is $84.56. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.17.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Monday, April 29th. The insurance provider reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.39. Arch Capital Group had a net margin of 33.65% and a return on equity of 23.02%. The company had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same period in the previous year, the firm earned $1.73 EPS. Arch Capital Group’s revenue was up 19.3% on a year-over-year basis. On average, analysts forecast that Arch Capital Group will post 8.03 earnings per share for the current fiscal year.

Insider Transactions at Arch Capital Group

In other news, insider Nicolas Papadopoulo sold 60,000 shares of Arch Capital Group stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $87.52, for a total value of $5,251,200.00. Following the transaction, the insider now directly owns 651,931 shares of the company’s stock, valued at $57,057,001.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Francois Morin sold 25,689 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the transaction, the chief financial officer now directly owns 221,779 shares of the company’s stock, valued at $19,399,009.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nicolas Papadopoulo sold 60,000 shares of Arch Capital Group stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the completion of the sale, the insider now owns 651,931 shares of the company’s stock, valued at $57,057,001.12. The disclosure for this sale can be found here. Insiders have sold a total of 135,689 shares of company stock valued at $11,872,217 over the last ninety days. Corporate insiders own 4.20% of the company’s stock.

Institutional Trading of Arch Capital Group

A number of institutional investors have recently added to or reduced their stakes in ACGL. Commonwealth Equity Services LLC lifted its stake in Arch Capital Group by 109.3% in the third quarter. Commonwealth Equity Services LLC now owns 45,198 shares of the insurance provider’s stock valued at $3,603,000 after acquiring an additional 23,607 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in Arch Capital Group by 5.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,122,667 shares of the insurance provider’s stock worth $89,488,000 after acquiring an additional 61,068 shares during the period. Dakota Wealth Management increased its position in Arch Capital Group by 21.1% during the third quarter. Dakota Wealth Management now owns 7,909 shares of the insurance provider’s stock worth $630,000 after acquiring an additional 1,380 shares during the period. Stratos Wealth Partners LTD. increased its holdings in Arch Capital Group by 4.7% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 13,011 shares of the insurance provider’s stock valued at $1,037,000 after buying an additional 585 shares during the period. Finally, Mn Services Vermogensbeheer B.V. increased its holdings in Arch Capital Group by 2.8% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 182,300 shares of the insurance provider’s stock valued at $14,531,000 after buying an additional 4,900 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

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.