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

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

Other analysts have also recently issued research reports about the company. The Goldman Sachs Group set a $88.00 price objective on Arch Capital Group and gave the company a “sell” rating in a research note on Tuesday, October 14th. JPMorgan Chase & Co. raised their price objective on Arch Capital Group from $110.00 to $111.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 28th. Keefe, Bruyette & Woods lifted their price objective on shares of Arch Capital Group from $102.00 to $103.00 and gave the stock a “market perform” rating in a report on Thursday, August 14th. Wolfe Research assumed coverage on shares of Arch Capital Group in a report on Monday, September 15th. They set a “peer perform” rating on the stock. Finally, Wells Fargo & Company reduced their price target on shares of Arch Capital Group from $111.00 to $106.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Seven equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $106.75.

Arch Capital Group Stock Down 0.8%

ACGL stock opened at $91.81 on Monday. The company has a current ratio of 0.55, a quick ratio of 0.56 and a debt-to-equity ratio of 0.13. The firm has a 50 day simple moving average of $89.37 and a 200-day simple moving average of $90.44. The company has a market capitalization of $33.29 billion, a P/E ratio of 8.59, a PEG ratio of 3.24 and a beta of 0.47. Arch Capital Group has a twelve month low of $82.44 and a twelve month high of $101.66.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Monday, October 27th. The insurance provider reported $2.77 earnings per share for the quarter, topping the consensus estimate of $1.76 by $1.01. The company had revenue of $3.96 billion during the quarter, compared to analyst estimates of $4.39 billion. Arch Capital Group had a net margin of 20.96% and a return on equity of 16.38%. During the same period last year, the business earned $1.99 EPS. On average, equities research analysts predict that Arch Capital Group will post 8.42 earnings per share for the current fiscal year.

Insider Buying and Selling at Arch Capital Group

In related news, insider Maamoun Rajeh sold 10,000 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $94.15, for a total value of $941,500.00. Following the completion of the sale, the insider owned 433,589 shares of the company’s stock, valued at $40,822,404.35. This represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 4.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Arch Capital Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Adalta Capital Management LLC boosted its holdings in shares of Arch Capital Group by 3.8% in the third quarter. Adalta Capital Management LLC now owns 52,929 shares of the insurance provider’s stock valued at $4,802,000 after acquiring an additional 1,932 shares in the last quarter. XTX Topco Ltd raised its holdings in Arch Capital Group by 107.3% during the third quarter. XTX Topco Ltd now owns 34,005 shares of the insurance provider’s stock worth $3,085,000 after purchasing an additional 17,603 shares in the last quarter. United Capital Financial Advisors LLC boosted its stake in Arch Capital Group by 5.8% during the 3rd quarter. United Capital Financial Advisors LLC now owns 13,393 shares of the insurance provider’s stock valued at $1,215,000 after purchasing an additional 738 shares in the last quarter. Utah Retirement Systems increased its position in shares of Arch Capital Group by 1.0% during the 3rd quarter. Utah Retirement Systems now owns 60,227 shares of the insurance provider’s stock valued at $5,464,000 after purchasing an additional 591 shares during the period. Finally, Van Den Berg Management I Inc. raised its stake in shares of Arch Capital Group by 19.0% in the 3rd quarter. Van Den Berg Management I Inc. now owns 78,487 shares of the insurance provider’s stock worth $7,121,000 after buying an additional 12,542 shares in the last quarter. 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.