Arch Capital Group (NASDAQ:ACGL) Given New $102.00 Price Target at Mizuho

Arch Capital Group (NASDAQ:ACGL) had its target price boosted by Mizuho from $95.00 to $102.00 in a report issued on Thursday, Marketbeat.com reports. They currently have a neutral rating on the insurance provider’s stock.

ACGL has been the subject of a number of other research reports. Roth Mkm set a $110.00 target price on Arch Capital Group and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Barclays set a $104.00 price objective on Arch Capital Group and gave the stock an “equal weight” rating in a report on Thursday, January 8th. Wells Fargo & Company boosted their target price on Arch Capital Group from $106.00 to $109.00 and gave the stock an “overweight” rating in a research report on Wednesday. The Goldman Sachs Group restated a “sell” rating and set a $93.00 target price (up previously from $84.00) on shares of Arch Capital Group in a research note on Wednesday, January 7th. Finally, Royal Bank Of Canada lifted their price target on shares of Arch Capital Group from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $108.67.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $99.85 on Thursday. The company has a market capitalization of $36.21 billion, a price-to-earnings ratio of 8.59, a price-to-earnings-growth ratio of 3.95 and a beta of 0.42. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.55 and a current ratio of 0.53. Arch Capital Group has a one year low of $82.44 and a one year high of $103.39. The company’s 50-day moving average is $95.00 and its 200 day moving average is $91.80.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Monday, February 9th. The insurance provider reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.64. The firm had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.94 billion. Arch Capital Group had a net margin of 22.07% and a return on equity of 16.73%. During the same quarter in the prior year, the firm posted $2.26 earnings per share. Sell-side analysts expect that Arch Capital Group will post 8.42 EPS for the current fiscal year.

Insider Activity at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $94.62, for a total transaction of $756,960.00. Following the completion of the sale, the chief financial officer directly owned 266,681 shares of the company’s stock, valued at approximately $25,233,356.22. This represents a 2.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John M. Pasquesi sold 203,866 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $93.90, for a total transaction of $19,143,017.40. Following the completion of the transaction, the insider owned 351,356 shares in the company, valued at $32,992,328.40. The trade was a 36.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 220,666 shares of company stock worth $20,728,673 in the last quarter. Company insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On Arch Capital Group

Institutional investors have recently bought and sold shares of the stock. Elyxium Wealth LLC bought a new stake in Arch Capital Group during the fourth quarter valued at about $27,000. WealthCollab LLC raised its stake in shares of Arch Capital Group by 410.3% in the third quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock worth $27,000 after buying an additional 238 shares during the period. JPL Wealth Management LLC purchased a new position in shares of Arch Capital Group during the 3rd quarter valued at about $28,000. Grove Bank & Trust purchased a new position in shares of Arch Capital Group during the 4th quarter valued at about $30,000. Finally, Aventura Private Wealth LLC bought a new position in shares of Arch Capital Group during the 4th quarter valued at approximately $30,000. 89.07% of the stock is owned by institutional investors.

About Arch Capital Group

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.