Arch Capital Group’s (ACGL) “Market Outperform” Rating Reiterated at JMP Securities

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

Other equities research analysts have also issued research reports about the company. StockNews.com lowered Arch Capital Group from a buy rating to a hold rating in a research report on Monday, March 11th. TD Cowen started coverage on Arch Capital Group in a research report on Wednesday, January 10th. They issued an outperform rating and a $96.00 price objective on the stock. UBS Group decreased their target price on Arch Capital Group from $101.00 to $97.00 and set a buy rating on the stock in a research report on Wednesday, January 10th. Royal Bank of Canada reiterated an outperform rating and set a $98.00 target price on shares of Arch Capital Group in a research report on Friday, February 16th. Finally, Evercore ISI increased their target price on Arch Capital Group from $92.00 to $100.00 and gave the company an in-line rating in a research report on Thursday, April 11th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Arch Capital Group has an average rating of Moderate Buy and an average target price of $96.23.

Arch Capital Group Price Performance

Shares of NASDAQ:ACGL opened at $89.76 on Monday. Arch Capital Group has a twelve month low of $69.05 and a twelve month high of $95.01. The company’s 50 day moving average is $88.92 and its 200 day moving average is $83.71. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.17. The company has a market cap of $33.67 billion, a PE ratio of 7.72, a price-to-earnings-growth ratio of 1.12 and a beta of 0.57.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Thursday, February 15th. The insurance provider reported $2.49 EPS for the quarter, topping the consensus estimate of $1.94 by $0.55. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. The business had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.67 billion. During the same quarter in the prior year, the firm posted $2.14 EPS. On average, sell-side analysts forecast that Arch Capital Group will post 8.02 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Maamoun Rajeh sold 50,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 336,170 shares of the company’s stock, valued at approximately $29,408,151.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Nicolas Papadopoulo sold 60,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $87.52, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Maamoun Rajeh sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was 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 directly owns 336,170 shares of the company’s stock, valued at $29,408,151.60. The disclosure for this sale can be found here. Insiders sold 135,689 shares of company stock valued at $11,872,217 in the last three months. 4.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Arch Capital Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Householder Group Estate & Retirement Specialist LLC purchased a new stake in Arch Capital Group during the fourth quarter worth about $27,000. Larson Financial Group LLC purchased a new stake in Arch Capital Group during the fourth quarter worth about $30,000. Richardson Financial Services Inc. purchased a new stake in Arch Capital Group during the fourth quarter worth about $33,000. First Horizon Advisors Inc. increased its stake in Arch Capital Group by 151.0% during the first quarter. First Horizon Advisors Inc. now owns 497 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 299 shares during the period. Finally, Steward Financial Group LLC increased its stake in Arch Capital Group by 180.7% during the third quarter. Steward Financial Group LLC now owns 525 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 338 shares during the period. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Company Profile

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.