Morgan Stanley set a $22.00 target price on Arch Capital Group (NASDAQ:ACGL) in a report issued on Wednesday. The firm currently has a hold rating on the insurance provider’s stock.

ACGL has been the topic of a number of other research reports. BidaskClub upgraded shares of Arch Capital Group from a hold rating to a buy rating in a research note on Saturday, July 21st. TheStreet upgraded shares of Arch Capital Group from a c rating to a b- rating in a research note on Monday, July 30th. Zacks Investment Research upgraded shares of Arch Capital Group from a hold rating to a buy rating and set a $32.00 price objective on the stock in a research note on Tuesday, July 17th. Credit Suisse Group began coverage on shares of Arch Capital Group in a research note on Tuesday, August 7th. They set a neutral rating and a $34.00 price objective on the stock. Finally, Royal Bank of Canada reiterated a buy rating on shares of Arch Capital Group in a research note on Thursday, August 2nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $26.70.

NASDAQ ACGL traded up $0.31 during mid-day trading on Wednesday, hitting $28.20. The company’s stock had a trading volume of 17,071 shares, compared to its average volume of 1,625,292. Arch Capital Group has a 52-week low of $25.71 and a 52-week high of $32.37. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.75 and a current ratio of 0.53. The firm has a market capitalization of $11.35 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 1.14 and a beta of 0.66.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Tuesday, October 30th. The insurance provider reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.07. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.19 billion. Arch Capital Group had a net margin of 15.15% and a return on equity of 10.30%. Arch Capital Group’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.13) earnings per share. Sell-side analysts forecast that Arch Capital Group will post 2.24 EPS for the current fiscal year.

In other news, SVP W Preston Hutchings sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $30.00, for a total transaction of $450,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Yiorgos Lillikas sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $28.49, for a total transaction of $56,980.00. The disclosure for this sale can be found here. Insiders have sold 37,073 shares of company stock worth $1,113,916 in the last quarter. Insiders own 5.10% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Zions Bancorporation grew its position in shares of Arch Capital Group by 29.6% during the second quarter. Zions Bancorporation now owns 7,824 shares of the insurance provider’s stock worth $207,000 after buying an additional 1,788 shares in the last quarter. Prudential Financial Inc. grew its position in shares of Arch Capital Group by 10.1% during the third quarter. Prudential Financial Inc. now owns 19,680 shares of the insurance provider’s stock worth $587,000 after buying an additional 1,800 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of Arch Capital Group by 6.8% during the third quarter. DekaBank Deutsche Girozentrale now owns 29,573 shares of the insurance provider’s stock worth $963,000 after buying an additional 1,880 shares in the last quarter. Commonwealth Bank of Australia grew its position in shares of Arch Capital Group by 5.4% during the third quarter. Commonwealth Bank of Australia now owns 37,375 shares of the insurance provider’s stock worth $1,107,000 after buying an additional 1,900 shares in the last quarter. Finally, Fox Run Management L.L.C. grew its position in shares of Arch Capital Group by 20.1% during the second quarter. Fox Run Management L.L.C. now owns 11,560 shares of the insurance provider’s stock worth $306,000 after buying an additional 1,932 shares in the last quarter. 80.34% of the stock is owned by institutional investors and hedge funds.

About Arch Capital Group

Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; 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.

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Analyst Recommendations for Arch Capital Group (NASDAQ:ACGL)

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