Morgan Stanley Raises Arch Capital Group (NASDAQ:ACGL) Price Target to $110.00

Arch Capital Group (NASDAQ:ACGL) had its target price raised by research analysts at Morgan Stanley from $105.00 to $110.00 in a research report issued to clients and investors on Monday, Marketbeat reports. The brokerage presently has an “overweight” rating on the insurance provider’s stock. Morgan Stanley’s price target would suggest a potential upside of 7.63% from the company’s current price.

A number of other equities research analysts have also recently weighed in on ACGL. Weiss Ratings cut shares of Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. JPMorgan Chase & Co. decreased their target price on Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Wells Fargo & Company raised their target price on Arch Capital Group from $109.00 to $110.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Citigroup lifted their target price on Arch Capital Group from $120.00 to $122.50 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Barclays boosted their price target on shares of Arch Capital Group from $104.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th. Eight investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Arch Capital Group presently has an average rating of “Hold” and a consensus target price of $107.19.

Arch Capital Group Price Performance

Shares of ACGL stock opened at $102.20 on Monday. The firm’s 50-day moving average is $93.86 and its two-hundred day moving average is $95.28. Arch Capital Group has a 12 month low of $82.44 and a 12 month high of $103.39. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.55 and a quick ratio of 0.55. The company has a market capitalization of $35.71 billion, a PE ratio of 7.85, a price-to-earnings-growth ratio of 5.11 and a beta of 0.31.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. The firm had revenue of $4.52 billion for the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. Analysts predict that Arch Capital Group will post 9.3 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Brian S. Posner sold 3,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total transaction of $58,980.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Daniel Joseph Houston bought 5,300 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were bought at an average cost of $94.08 per share, with a total value of $498,624.00. Following the completion of the purchase, the director directly owned 9,915 shares in the company, valued at $932,803.20. This represents a 114.84% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 3.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Arch Capital Group

A number of large investors have recently made changes to their positions in ACGL. Elyxium Wealth LLC purchased a new position in Arch Capital Group in the fourth quarter worth approximately $27,000. WealthCollab LLC increased its position in shares of Arch Capital Group by 410.3% in the 3rd quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 238 shares during the last quarter. JPL Wealth Management LLC acquired a new stake in shares of Arch Capital Group in the 3rd quarter valued at $28,000. Grove Bank & Trust purchased a new stake in shares of Arch Capital Group during the 4th quarter worth $30,000. Finally, Aventura Private Wealth LLC acquired a new stake in Arch Capital Group in the fourth quarter valued at $30,000. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Company Profile

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.