Arch Capital Group (NASDAQ:ACGL) Given New $110.00 Price Target at Morgan Stanley

Arch Capital Group (NASDAQ:ACGL) had its price objective hoisted by Morgan Stanley from $105.00 to $110.00 in a research note released on Monday morning,Benzinga reports. The firm currently has an overweight rating on the insurance provider’s stock.

Other equities research analysts have also issued research reports about the company. Wells Fargo & Company increased their price target on Arch Capital Group from $106.00 to $108.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Jefferies Financial Group increased their price target on Arch Capital Group from $105.00 to $106.00 and gave the company a “buy” rating in a research report on Friday, April 11th. JMP Securities reaffirmed a “market outperform” rating and issued a $125.00 price target on shares of Arch Capital Group in a research report on Wednesday, April 30th. Keefe, Bruyette & Woods increased their price target on Arch Capital Group from $104.00 to $113.00 and gave the company an “outperform” rating in a research report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. raised their target price on Arch Capital Group from $106.00 to $107.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 8th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.00.

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock opened at $95.16 on Monday. The business has a 50-day moving average of $92.59 and a 200 day moving average of $93.45. Arch Capital Group has a 12 month low of $82.49 and a 12 month high of $116.47. The stock has a market capitalization of $35.66 billion, a price-to-earnings ratio of 8.50, a price-to-earnings-growth ratio of 2.31 and a beta of 0.57. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58.

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

Insider Activity at Arch Capital Group

In other Arch Capital Group news, insider John M. Pasquesi sold 75,060 shares of the business’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $94.01, for a total transaction of $7,056,390.60. Following the sale, the insider now directly owns 579,218 shares in the company, valued at approximately $54,452,284.18. The trade was a 11.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Louis T. Petrillo sold 11,600 shares of the business’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 sale, the insider now owns 140,023 shares in the company, valued at $12,742,093. The trade was a 7.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 110,946 shares of company stock worth $10,392,092 in the last three months. Insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On Arch Capital Group

Several institutional investors have recently made changes to their positions in the stock. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in Arch Capital Group by 3.5% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 197,111 shares of the insurance provider’s stock valued at $18,203,000 after purchasing an additional 6,663 shares during the last quarter. Pittenger & Anderson Inc. increased its position in Arch Capital Group by 56.6% during the 4th quarter. Pittenger & Anderson Inc. now owns 6,720 shares of the insurance provider’s stock worth $621,000 after purchasing an additional 2,430 shares in the last quarter. Asahi Life Asset Management CO. LTD. acquired a new stake in Arch Capital Group during the 4th quarter worth approximately $366,000. Northstar Group Inc. increased its position in Arch Capital Group by 5.1% during the 4th quarter. Northstar Group Inc. now owns 122,197 shares of the insurance provider’s stock worth $11,285,000 after purchasing an additional 5,947 shares in the last quarter. Finally, William Blair Investment Management LLC grew its position in Arch Capital Group by 33.7% in the fourth quarter. William Blair Investment Management LLC now owns 624,055 shares of the insurance provider’s stock valued at $57,631,000 after acquiring an additional 157,197 shares in the last quarter. 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.