Barclays Forecasts Strong Price Appreciation for Arch Capital Group (NASDAQ:ACGL) Stock

Arch Capital Group (NASDAQ:ACGL) had its target price upped by stock analysts at Barclays from $104.00 to $106.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the insurance provider’s stock. Barclays‘s target price points to a potential upside of 7.24% from the company’s current price.

Other equities analysts have also issued reports about the stock. Cantor Fitzgerald restated a “neutral” rating and issued a $100.00 price target (up from $97.00) on shares of Arch Capital Group in a research report on Tuesday, February 17th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $93.00 target price (up from $84.00) on shares of Arch Capital Group in a research note on Wednesday, January 7th. JPMorgan Chase & Co. boosted their target price on shares of Arch Capital Group from $111.00 to $117.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 7th. Wells Fargo & Company boosted their target price on shares of Arch Capital Group from $106.00 to $109.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. Finally, UBS Group reaffirmed a “buy” rating and set a $114.00 target price (up from $113.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Arch Capital Group has a consensus rating of “Hold” and an average price target of $109.40.

Arch Capital Group Price Performance

Shares of Arch Capital Group stock opened at $98.84 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.53 and a current ratio of 0.53. The firm’s 50-day simple moving average is $96.93 and its 200-day simple moving average is $93.60. Arch Capital Group has a twelve month low of $82.44 and a twelve month high of $103.39. The firm has a market cap of $35.21 billion, a P/E ratio of 8.51, a price-to-earnings-growth ratio of 4.02 and a beta of 0.41.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Monday, February 9th. The insurance provider reported $2.98 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.64. The business had revenue of $4.93 billion for the quarter, compared to analyst estimates 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 period in the previous year, the business earned $2.26 EPS. As a group, research analysts expect that Arch Capital Group will post 8.42 EPS for the current fiscal year.

Insider Activity at Arch Capital Group

In other news, Director Brian S. Posner sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $17.11, for a total value of $51,330.00. Following the completion of the transaction, the director owned 2,000 shares in the company, valued at $34,220. This represents a 60.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Maamoun Rajeh sold 47,430 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $96.12, for a total transaction of $4,558,971.60. Following the completion of the transaction, the insider owned 433,589 shares of the company’s stock, valued at $41,676,574.68. This trade represents a 9.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 78,267 shares of company stock worth $7,291,637 over the last ninety days. 4.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ACGL. Daymark Wealth Partners LLC lifted its stake in Arch Capital Group by 3.4% in the fourth quarter. Daymark Wealth Partners LLC now owns 3,211 shares of the insurance provider’s stock valued at $308,000 after acquiring an additional 106 shares during the last quarter. Keel Point LLC lifted its stake in Arch Capital Group by 4.6% in the third quarter. Keel Point LLC now owns 2,524 shares of the insurance provider’s stock valued at $229,000 after acquiring an additional 112 shares during the last quarter. Legacy Advisors LLC lifted its stake in Arch Capital Group by 1.2% in the fourth quarter. Legacy Advisors LLC now owns 9,551 shares of the insurance provider’s stock valued at $916,000 after acquiring an additional 112 shares during the last quarter. Compound Planning Inc. lifted its stake in Arch Capital Group by 5.0% in the third quarter. Compound Planning Inc. now owns 2,644 shares of the insurance provider’s stock valued at $240,000 after acquiring an additional 127 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in Arch Capital Group by 14.0% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,105 shares of the insurance provider’s stock valued at $100,000 after acquiring an additional 136 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Company Profile

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.