JMP Securities Reiterates Market Outperform Rating for Arch Capital Group (NASDAQ:ACGL)

Arch Capital Group (NASDAQ:ACGL)‘s stock had its “market outperform” rating reaffirmed by equities research analysts at JMP Securities in a research report issued on Wednesday,Benzinga reports. They currently have a $125.00 price objective on the insurance provider’s stock. JMP Securities’ price target indicates a potential upside of 39.40% from the company’s current price.

ACGL has been the topic of several other research reports. Royal Bank of Canada cut their price target on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Morgan Stanley reduced their price target on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Barclays dropped their price target on shares of Arch Capital Group from $100.00 to $93.00 and set an “equal weight” rating on the stock in a research note on Friday, April 11th. JPMorgan Chase & Co. raised their price objective on shares of Arch Capital Group from $106.00 to $107.00 and gave the company a “neutral” rating in a research note on Tuesday, April 8th. Finally, Jefferies Financial Group upped their target price on shares of Arch Capital Group from $105.00 to $106.00 and gave the stock a “buy” rating in a research note on Friday, April 11th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Arch Capital Group has a consensus rating of “Moderate Buy” and a consensus target price of $115.00.

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock opened at $89.67 on Wednesday. Arch Capital Group has a 12 month low of $82.49 and a 12 month high of $116.47. The firm has a market capitalization of $33.69 billion, a P/E ratio of 8.01, a P/E/G ratio of 2.31 and a beta of 0.36. 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 business has a fifty day simple moving average of $92.02 and a two-hundred day simple moving average of $94.62.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.05). The business had revenue of $4.52 billion for the quarter, compared to analysts’ expectations of $4.75 billion. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. The company’s revenue was up 10.5% on a year-over-year basis. During the same period last year, the business earned $2.45 earnings per share. On average, equities analysts forecast that Arch Capital Group will post 8.42 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Louis T. Petrillo sold 11,600 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the completion of the sale, the insider now owns 140,023 shares in the company, valued at approximately $12,742,093. This represents a 7.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.10% of the company’s stock.

Institutional Investors Weigh In On Arch Capital Group

A number of large investors have recently made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in shares of Arch Capital Group by 4.8% in the third quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider’s stock worth $832,246,000 after buying an additional 337,786 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Arch Capital Group during the 3rd quarter valued at $1,106,000. SkyView Investment Advisors LLC increased its stake in shares of Arch Capital Group by 1.6% in the 3rd quarter. SkyView Investment Advisors LLC now owns 29,067 shares of the insurance provider’s stock worth $3,252,000 after purchasing an additional 454 shares in the last quarter. World Investment Advisors LLC purchased a new stake in shares of Arch Capital Group in the 3rd quarter worth $312,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Arch Capital Group in the 3rd quarter worth $6,817,000. 89.07% of the stock is currently owned by 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.