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

by · The Cerbat Gem

Arch Capital Group (NASDAQ:ACGL – Free Report) had its target price increased by Morgan Stanley from $105.00 to $110.00 in a report released on Monday morning,Benzinga reports. Morgan Stanley currently has an overweight rating on the insurance provider’s stock.

Several other equities analysts have also recently issued reports on ACGL. Wells Fargo & Company boosted their price objective on Arch Capital Group from $106.00 to $108.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Royal Bank of Canada decreased their price target on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. UBS Group dropped their price objective on shares of Arch Capital Group from $127.00 to $124.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. JMP Securities reiterated a “market outperform” rating and issued a $125.00 target price on shares of Arch Capital Group in a research note on Wednesday, April 30th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Arch Capital Group from $104.00 to $113.00 and gave the company an “outperform” rating in a research report on Tuesday, May 6th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Arch Capital Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.00.

Check Out Our Latest Analysis on Arch Capital Group

Arch Capital Group Price Performance

Shares of NASDAQ:ACGL opened at $92.85 on Monday. Arch Capital Group has a twelve month low of $82.49 and a twelve month high of $116.47. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. The company has a market cap of $34.80 billion, a PE ratio of 8.29, a price-to-earnings-growth ratio of 2.31 and a beta of 0.57. The company’s 50 day moving average is $92.67 and its 200 day moving average is $93.45.

Arch Capital Group (NASDAQ:ACGL – Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.05). The business had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.75 billion. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. The firm’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.45 EPS. On average, sell-side analysts forecast that Arch Capital Group will post 8.42 EPS for the current year.

Insider Buying and Selling at Arch Capital Group

In related news, CEO Nicolas Papadopoulo sold 7,636 shares of the company’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $92.48, for a total transaction of $706,177.28. Following the sale, the chief executive officer now directly owns 795,718 shares of the company’s stock, valued at $73,588,000.64. This represents a 0.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Louis T. Petrillo sold 11,600 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the completion of the transaction, the insider now directly owns 140,023 shares of the company’s stock, valued at $12,742,093. This represents a 7.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 123,576 shares of company stock valued at $11,586,638 over the last ninety days. Corporate insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ACGL. Capital A Wealth Management LLC purchased a new position in Arch Capital Group during the 4th quarter worth approximately $25,000. Bartlett & CO. Wealth Management LLC acquired a new stake in Arch Capital Group during the 1st quarter worth $27,000. Meeder Asset Management Inc. increased its stake in Arch Capital Group by 116.3% in the first quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 150 shares during the period. Wayfinding Financial LLC purchased a new stake in shares of Arch Capital Group in the first quarter valued at about $31,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of Arch Capital Group during the fourth quarter worth about $37,000. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

About Arch Capital Group

(Get Free Report)

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.

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