Arch Capital Group (NASDAQ:ACGL) Stock Price Up 0.9%

Arch Capital Group Ltd. (NASDAQ:ACGL) shares shot up 0.9% on Wednesday . The stock traded as high as $103.21 and last traded at $102.58. 262,846 shares traded hands during trading, a decline of 84% from the average session volume of 1,667,265 shares. The stock had previously closed at $101.65.

Analysts Set New Price Targets

ACGL has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Arch Capital Group from $103.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Bank of America upped their price target on Arch Capital Group from $105.00 to $109.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Wells Fargo & Company upped their price objective on Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. JMP Securities lifted their price objective on shares of Arch Capital Group from $100.00 to $110.00 and gave the company a “market outperform” rating in a report on Tuesday, April 30th. Finally, Morgan Stanley raised their price target on shares of Arch Capital Group from $104.00 to $109.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Four research 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $100.67.

Arch Capital Group Stock Performance

The company has a market capitalization of $38.64 billion, a price-to-earnings ratio of 8.10, a price-to-earnings-growth ratio of 1.17 and a beta of 0.57. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.17. The stock’s fifty day simple moving average is $93.79 and its 200-day simple moving average is $86.01.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data 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 return on equity of 21.85% and a net margin of 33.65%. The business had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same period in the previous year, the company posted $1.73 earnings per share. The business’s revenue for the quarter was up 19.3% on a year-over-year basis. Analysts predict that Arch Capital Group Ltd. will post 8.55 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Maamoun Rajeh sold 50,000 shares of Arch Capital Group stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $87.48, for a total value of $4,374,000.00. Following the sale, the chief executive officer now owns 336,170 shares of the company’s stock, valued at $29,408,151.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Maamoun Rajeh sold 50,000 shares of Arch Capital Group stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the completion of the transaction, the chief executive officer now directly owns 336,170 shares of the company’s stock, valued at $29,408,151.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO David Gansberg sold 10,000 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $96.64, for a total value of $966,400.00. Following the completion of the sale, the chief executive officer now owns 228,035 shares in the company, valued at $22,037,302.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 145,689 shares of company stock valued at $12,838,617. 4.00% of the stock is currently owned by insiders.

Institutional Trading of Arch Capital Group

A number of hedge funds have recently added to or reduced their stakes in ACGL. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of Arch Capital Group in the fourth quarter worth about $27,000. Larson Financial Group LLC acquired a new position in shares of Arch Capital Group in the 4th quarter valued at approximately $30,000. Richardson Financial Services Inc. purchased a new position in shares of Arch Capital Group during the 4th quarter valued at approximately $33,000. LRI Investments LLC acquired a new stake in shares of Arch Capital Group during the first quarter worth approximately $38,000. Finally, CVA Family Office LLC acquired a new stake in Arch Capital Group in the fourth quarter valued at $47,000. 89.07% of the stock is 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.