Arch Capital Group’s (ACGL) “Buy” Rating Reiterated at UBS Group

Arch Capital Group (NASDAQ:ACGL)‘s stock had its “buy” rating reissued by equities researchers at UBS Group in a report released on Monday, MarketBeat.com reports. They presently have a $118.00 price objective on the insurance provider’s stock, down from their previous price objective of $124.00. UBS Group’s price objective would suggest a potential upside of 33.09% from the company’s current price.

Several other research firms have also commented on ACGL. JPMorgan Chase & Co. increased 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. Wells Fargo & Company reduced their target price on shares of Arch Capital Group from $110.00 to $107.00 and set an “overweight” rating for the company in a research report on Thursday, July 31st. Barclays reduced their target price on shares of Arch Capital Group from $100.00 to $93.00 and set an “equal weight” rating for the company in a research report on Friday, April 11th. Morgan Stanley set a $110.00 target price on shares of Arch Capital Group and gave the company an “overweight” rating in a research report on Monday, May 19th. Finally, Jefferies Financial Group downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $106.00 to $100.00 in a research report on Tuesday, June 10th. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Arch Capital Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.07.

Arch Capital Group Trading Up 0.2%

ACGL opened at $88.66 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.56 and a quick ratio of 0.56. Arch Capital Group has a fifty-two week low of $82.49 and a fifty-two week high of $116.47. The firm has a market capitalization of $33.23 billion, a PE ratio of 9.15, a P/E/G ratio of 6.63 and a beta of 0.49. The company’s 50-day moving average is $90.14 and its 200 day moving average is $91.50.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.28. Arch Capital Group had a net margin of 19.49% and a return on equity of 15.33%. The company had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same quarter in the prior year, the business posted $2.57 EPS. As a group, research analysts predict that Arch Capital Group will post 8.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Arch Capital Group news, CFO Francois Morin sold 12,630 shares of the firm’s stock in a transaction on Friday, May 16th. The shares were sold at an average price of $94.58, for a total value of $1,194,545.40. Following the sale, the chief financial officer owned 274,681 shares of the company’s stock, valued at $25,979,328.98. This trade represents a 4.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John M. Pasquesi sold 75,060 shares of Arch Capital Group stock in a transaction dated 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 directly owned 579,218 shares in the company, valued at $54,452,284.18. The trade was a 11.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,340 shares of company stock valued at $9,824,861 in the last quarter. Insiders own 4.10% of the company’s stock.

Institutional Investors Weigh In On Arch Capital Group

A number of large investors have recently modified their holdings of the stock. Capital A Wealth Management LLC bought a new stake in Arch Capital Group during the fourth quarter worth about $25,000. Meeder Asset Management Inc. boosted its stake in Arch Capital Group by 116.3% during the first quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 150 shares in the last quarter. Bartlett & CO. Wealth Management LLC bought a new stake in Arch Capital Group during the first quarter worth about $27,000. Wayfinding Financial LLC bought a new stake in Arch Capital Group during the first quarter worth about $31,000. Finally, Zions Bancorporation National Association UT bought a new stake in Arch Capital Group during the first quarter worth about $37,000. Institutional investors 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.