Arch Capital Group (NASDAQ:ACGL) Price Target Lowered to $110.00 at JPMorgan Chase & Co.

Arch Capital Group (NASDAQ:ACGL) had its price target reduced by JPMorgan Chase & Co. from $117.00 to $110.00 in a research note released on Monday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the insurance provider’s stock.

Other equities analysts also recently issued research reports about the company. The Goldman Sachs Group restated a “sell” rating and set a $93.00 price target (up from $84.00) on shares of Arch Capital Group in a report on Wednesday, January 7th. Mizuho increased their price objective on Arch Capital Group from $95.00 to $102.00 and gave the stock a “neutral” rating in a report on Thursday, February 12th. Morgan Stanley set a $125.00 price objective on Arch Capital Group in a research report on Friday, January 16th. Barclays upped their target price on Arch Capital Group from $104.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $100.00 price target (up from $97.00) on shares of Arch Capital Group in a research note on Tuesday, February 17th. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Arch Capital Group currently has a consensus rating of “Hold” and a consensus target price of $108.93.

Arch Capital Group Trading Down 0.1%

Arch Capital Group stock opened at $97.49 on Monday. Arch Capital Group has a 1 year low of $82.44 and a 1 year high of $103.39. The firm’s 50 day moving average price is $96.73 and its two-hundred day moving average price is $94.01. The firm has a market cap of $34.73 billion, a price-to-earnings ratio of 8.39, a price-to-earnings-growth ratio of 4.85 and a beta of 0.41. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.53 and a current ratio of 0.53.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Monday, February 9th. The insurance provider reported $2.98 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.64. Arch Capital Group had a net margin of 22.07% and a return on equity of 16.73%. The business had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $3.94 billion. During the same period last year, the firm posted $2.26 earnings per share. On average, research analysts predict that Arch Capital Group will post 9.36 EPS for the current fiscal year.

Insider Activity at Arch Capital Group

In other news, CEO Nicolas Papadopoulo sold 21,930 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $96.31, for a total transaction of $2,112,078.30. Following the completion of the transaction, the chief executive officer directly owned 871,594 shares of the company’s stock, valued at approximately $83,943,218.14. This trade represents a 2.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Maamoun Rajeh sold 47,430 shares of Arch Capital Group stock in a transaction dated 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 sale, the insider owned 433,589 shares in the company, valued at approximately $41,676,574.68. This trade represents a 9.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 78,267 shares of company stock worth $7,291,637 in the last three months. Corporate insiders own 3.30% of the company’s stock.

Hedge Funds Weigh In On Arch Capital Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. increased its position in shares of Arch Capital Group by 157.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock worth $65,000 after purchasing an additional 412 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Arch Capital Group in the second quarter valued at about $253,000. CW Advisors LLC grew its stake in Arch Capital Group by 6.5% during the second quarter. CW Advisors LLC now owns 3,098 shares of the insurance provider’s stock worth $282,000 after buying an additional 189 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of Arch Capital Group during the second quarter worth approximately $667,000. Finally, Cerity Partners LLC increased its holdings in shares of Arch Capital Group by 11.6% during the second quarter. Cerity Partners LLC now owns 47,486 shares of the insurance provider’s stock worth $4,324,000 after buying an additional 4,933 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

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.