Arch Capital Group (NASDAQ:ACGL) Price Target Raised to $111.00

Arch Capital Group (NASDAQ:ACGL) had its target price lifted by Cantor Fitzgerald from $105.00 to $111.00 in a research report sent to investors on Monday morning,Benzinga reports. Cantor Fitzgerald currently has a neutral rating on the insurance provider’s stock.

Several other equities research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of Arch Capital Group from $118.00 to $113.00 and set a “neutral” rating on the stock in a research note on Friday, October 9th. Keefe, Bruyette & Woods dropped their price target on shares of Arch Capital Group from $99.00 to $95.00 and set a “market perform” rating for the company in a research report on Monday, October 12th. Mizuho set a $100.00 target price on Arch Capital Group and gave the company a “neutral” rating in a report on Wednesday, September 16th. Weiss Ratings raised Arch Capital Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 9th. Finally, Citigroup raised their target price on Arch Capital Group from $122.50 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. Seven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $111.65.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL opened at $110.68 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.57 and a current ratio of 0.56. The firm has a fifty day moving average of $98.47 and a 200 day moving average of $97.04. The firm has a market cap of $37.77 billion, a PE ratio of 9.05, a PEG ratio of 3.57 and a beta of 0.22. Arch Capital Group has a one year low of $87.05 and a one year high of $110.73.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Tuesday, October 27th. The insurance provider reported $2.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.36. The business had revenue of $4.66 billion for the quarter, compared to the consensus estimate of $4.06 billion. Arch Capital Group had a net margin of 23.31% and a return on equity of 16.62%. During the same period last year, the firm posted $2.77 earnings per share. As a group, research analysts predict that Arch Capital Group will post 10.08 EPS for the current fiscal year.

Insider Activity

In related news, CFO Francois Morin sold 11,010 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $99.32, for a total value of $1,093,513.20. Following the transaction, the chief financial officer owned 184,826 shares in the company, valued at $18,356,918.32. The trade was a 5.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Horizons Wealth Management acquired a new stake in Arch Capital Group in the third quarter valued at about $25,000. Torren Management LLC lifted its holdings in shares of Arch Capital Group by 66.9% in the 2nd quarter. Torren Management LLC now owns 292 shares of the insurance provider’s stock valued at $28,000 after buying an additional 117 shares during the period. Gen Wealth Partners Inc acquired a new stake in shares of Arch Capital Group in the 3rd quarter valued at approximately $33,000. Continuum Advisory LLC acquired a new stake in shares of Arch Capital Group in the 2nd quarter valued at approximately $46,000. Finally, Provenance Wealth Advisors LLC purchased a new stake in shares of Arch Capital Group in the third quarter valued at approximately $55,000. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

About Arch Capital Group

Arch Capital Group Ltd. is a Bermuda-based insurance, reinsurance and mortgage insurance company whose shares trade on the Nasdaq under the symbol ACGL. The company was established in 1995 and has developed into a global provider of specialty risk-management products and services.

Through its insurance operations, Arch offers property, casualty, specialty, and accident and health coverage to businesses and other policyholders. Its reinsurance operations provide coverage and risk-transfer solutions to insurance companies across a range of property and casualty lines.