Arch Capital Group (NASDAQ:ACGL) Given Market Outperform Rating at JMP Securities

JMP Securities reiterated their market outperform rating on shares of Arch Capital Group (NASDAQ:ACGL) in a research report report published on Monday, Benzinga reports. JMP Securities currently has a $100.00 price target on the insurance provider’s stock.

Several other equities research analysts also recently commented on the stock. Evercore ISI boosted their target price on shares of Arch Capital Group from $92.00 to $100.00 and gave the stock an in-line rating in a research report on Thursday, April 11th. StockNews.com lowered Arch Capital Group from a buy rating to a hold rating in a report on Monday, March 11th. Citigroup dropped their target price on Arch Capital Group from $91.00 to $89.00 and set a neutral rating on the stock in a report on Monday, January 22nd. Royal Bank of Canada reiterated an outperform rating and set a $98.00 price target on shares of Arch Capital Group in a report on Friday, February 16th. Finally, JPMorgan Chase & Co. raised their price objective on Arch Capital Group from $88.00 to $92.00 and gave the company a neutral rating in a research note on Monday, April 8th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Arch Capital Group presently has a consensus rating of Moderate Buy and a consensus price target of $96.23.

Arch Capital Group Stock Up 0.8 %

Shares of NASDAQ:ACGL opened at $91.39 on Monday. The firm has a market cap of $34.28 billion, a P/E ratio of 7.86, a PEG ratio of 1.13 and a beta of 0.57. Arch Capital Group has a 52-week low of $69.05 and a 52-week high of $95.01. The business’s 50 day simple moving average is $89.36 and its two-hundred day simple moving average is $83.89. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.57.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Thursday, February 15th. The insurance provider reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.55. The company had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.67 billion. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. During the same period last year, the business earned $2.14 EPS. As a group, research analysts forecast that Arch Capital Group will post 8.03 EPS for the current fiscal year.

Insider Buying and Selling

In other Arch Capital Group news, insider Nicolas Papadopoulo sold 60,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $87.52, for a total value of $5,251,200.00. Following the transaction, the insider now directly owns 651,931 shares in the company, valued at $57,057,001.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Francois Morin sold 25,689 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the completion of the transaction, the chief financial officer now owns 221,779 shares in the company, valued at approximately $19,399,009.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nicolas Papadopoulo sold 60,000 shares of Arch Capital Group stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $87.52, for a total value of $5,251,200.00. Following the completion of the sale, the insider now directly owns 651,931 shares of the company’s stock, valued at approximately $57,057,001.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 135,689 shares of company stock worth $11,872,217. Insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On Arch Capital Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. lifted its stake in shares of Arch Capital Group by 1.8% during the 1st quarter. Sunbelt Securities Inc. now owns 6,679 shares of the insurance provider’s stock valued at $617,000 after buying an additional 117 shares in the last quarter. Balentine LLC boosted its holdings in shares of Arch Capital Group by 2.6% in the second quarter. Balentine LLC now owns 5,298 shares of the insurance provider’s stock worth $397,000 after acquiring an additional 133 shares during the period. Harbor Capital Advisors Inc. grew its position in shares of Arch Capital Group by 2.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 5,448 shares of the insurance provider’s stock valued at $405,000 after purchasing an additional 144 shares in the last quarter. Signaturefd LLC raised its stake in shares of Arch Capital Group by 6.8% during the 3rd quarter. Signaturefd LLC now owns 2,292 shares of the insurance provider’s stock valued at $183,000 after purchasing an additional 146 shares during the period. Finally, SRS Capital Advisors Inc. lifted its holdings in Arch Capital Group by 15.2% during the 3rd quarter. SRS Capital Advisors Inc. now owns 1,107 shares of the insurance provider’s stock worth $88,000 after purchasing an additional 146 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

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.