Morgan Stanley Boosts Arch Capital Group (NASDAQ:ACGL) Price Target to $109.00

Arch Capital Group (NASDAQ:ACGL) had its price objective raised by Morgan Stanley from $104.00 to $109.00 in a report issued on Monday morning, Benzinga reports. They currently have an overweight rating on the insurance provider’s stock.

Other research analysts also recently issued reports about the company. StockNews.com downgraded Arch Capital Group from a buy rating to a hold rating in a research note on Monday, March 11th. Citigroup decreased their price target on Arch Capital Group from $91.00 to $89.00 and set a neutral rating for the company in a research note on Monday, January 22nd. Evercore ISI increased their price target on Arch Capital Group from $92.00 to $100.00 and gave the stock an in-line rating in a research note on Thursday, April 11th. JMP Securities reissued a market outperform rating and issued a $100.00 price target on shares of Arch Capital Group in a research note on Monday. Finally, UBS Group decreased their price target on Arch Capital Group from $101.00 to $97.00 and set a buy rating for the company in a research note on Wednesday, January 10th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $96.23.

Arch Capital Group Price Performance

Shares of ACGL opened at $89.76 on Monday. The company has a market cap of $33.67 billion, a P/E ratio of 7.72, a PEG ratio of 1.12 and a beta of 0.57. The stock has a fifty day moving average price of $88.92 and a 200 day moving average price of $83.71. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.57 and a quick ratio of 0.57. Arch Capital Group has a 12 month low of $69.05 and a 12 month high of $95.01.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Thursday, February 15th. The insurance provider reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.55. The firm had revenue of $3.98 billion during the quarter, compared to the consensus estimate 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 in the prior year, the business earned $2.14 EPS. On average, research analysts forecast that Arch Capital Group will post 8.02 earnings per share for the current year.

Insider Activity

In related news, CFO Francois Morin sold 25,689 shares of the company’s 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 transaction, the chief financial officer now directly owns 221,779 shares of the company’s stock, valued at $19,399,009.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Arch Capital Group news, CEO Maamoun Rajeh sold 50,000 shares of the company’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 transaction, 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 legal filing with the SEC, which is accessible through the SEC website. Also, CFO Francois Morin sold 25,689 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $87.47, for a total value of $2,247,016.83. Following the completion of the transaction, the chief financial officer now directly owns 221,779 shares in the company, valued at $19,399,009.13. The disclosure for this sale can be found here. Insiders sold a total of 135,689 shares of company stock worth $11,872,217 over the last 90 days. 4.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Arch Capital Group by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 34,253,429 shares of the insurance provider’s stock valued at $1,658,551,000 after acquiring an additional 846,179 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Arch Capital Group by 2.1% during the 1st quarter. BlackRock Inc. now owns 26,059,274 shares of the insurance provider’s stock valued at $1,768,643,000 after acquiring an additional 534,690 shares during the last quarter. WCM Investment Management LLC acquired a new position in shares of Arch Capital Group during the 1st quarter valued at about $866,650,000. Capital World Investors increased its holdings in shares of Arch Capital Group by 0.6% during the 4th quarter. Capital World Investors now owns 10,611,092 shares of the insurance provider’s stock valued at $788,086,000 after acquiring an additional 58,862 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Arch Capital Group by 0.8% during the 3rd quarter. State Street Corp now owns 8,149,909 shares of the insurance provider’s stock valued at $371,147,000 after acquiring an additional 64,171 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

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.