Arch Capital Group (NASDAQ:ACGL) Price Target Raised to $118.00

Arch Capital Group (NASDAQ:ACGL) had its price objective upped by equities researchers at JPMorgan Chase & Co. from $116.00 to $118.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the insurance provider’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 20.08% from the stock’s current price.

ACGL has been the topic of several other reports. Weiss Ratings lowered shares of Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Citigroup reissued a “market outperform” rating on shares of Arch Capital Group in a research note on Wednesday, July 29th. Keefe, Bruyette & Woods cut their target price on shares of Arch Capital Group from $102.00 to $99.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $120.00 target price (up from $115.00) on shares of Arch Capital Group in a research note on Thursday, July 30th. Finally, UBS Group reaffirmed a “buy” rating and set a $120.00 target price (up from $114.00) on shares of Arch Capital Group in a research note on Wednesday, July 8th. Seven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Arch Capital Group presently has an average rating of “Hold” and a consensus target price of $111.11.

Arch Capital Group Price Performance

NASDAQ:ACGL traded up $0.02 during trading hours on Tuesday, hitting $98.27. The company’s stock had a trading volume of 241,939 shares, compared to its average volume of 2,100,861. Arch Capital Group has a twelve month low of $82.44 and a twelve month high of $107.08. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.57 and a quick ratio of 0.57. The stock has a fifty day simple moving average of $97.38 and a 200-day simple moving average of $96.47. The company has a market capitalization of $33.53 billion, a P/E ratio of 7.69, a PEG ratio of 10.37 and a beta of 0.31.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Tuesday, July 28th. The insurance provider reported $2.56 EPS for the quarter, topping the consensus estimate of $2.47 by $0.09. The firm had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.36 billion. Arch Capital Group had a return on equity of 17.06% and a net margin of 24.40%.During the same quarter in the previous year, the firm earned $2.58 earnings per share. On average, analysts anticipate that Arch Capital Group will post 9.4 EPS for the current fiscal year.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, Director Brian S. Posner sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $19.66, for a total value of $58,980.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.30% of the company’s stock.

Institutional Trading of Arch Capital Group

Institutional investors have recently modified their holdings of the business. Geneos Wealth Management Inc. raised its position in Arch Capital Group by 157.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock worth $65,000 after purchasing an additional 412 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Arch Capital Group in the 2nd quarter valued at about $253,000. CW Advisors LLC increased its stake in shares of Arch Capital Group by 6.5% in the second quarter. CW Advisors LLC now owns 3,098 shares of the insurance provider’s stock valued at $282,000 after buying an additional 189 shares during the period. Jump Financial LLC acquired a new stake in shares of Arch Capital Group in the second quarter valued at about $667,000. Finally, Cerity Partners LLC raised its position in shares of Arch Capital Group by 11.6% during the second quarter. Cerity Partners LLC now owns 47,486 shares of the insurance provider’s stock worth $4,324,000 after acquiring an additional 4,933 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

About Arch Capital Group

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.