Royal Bank Of Canada Boosts Arch Capital Group (NASDAQ:ACGL) Price Target to $115.00

Arch Capital Group (NASDAQ:ACGL) had its price target raised by research analysts at Royal Bank Of Canada from $108.00 to $115.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the insurance provider’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 15.17% from the company’s previous close.

ACGL has been the subject of a number of other reports. Weiss Ratings raised shares of Arch Capital Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 4th. Morgan Stanley set a $125.00 price target on Arch Capital Group in a research note on Friday, January 16th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $93.00 price objective (up previously from $84.00) on shares of Arch Capital Group in a research report on Wednesday, January 7th. Cantor Fitzgerald reiterated an “overweight” rating and set a $97.00 price objective (up previously from $93.00) on shares of Arch Capital Group in a research note on Wednesday, January 14th. Finally, Roth Mkm set a $110.00 target price on Arch Capital Group and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $108.67.

Arch Capital Group Stock Up 1.3%

Shares of NASDAQ:ACGL opened at $99.85 on Wednesday. The stock has a market capitalization of $36.21 billion, a P/E ratio of 8.59, a price-to-earnings-growth ratio of 3.95 and a beta of 0.42. The stock’s 50-day moving average price is $95.00 and its 200-day moving average price is $91.80. The company has a current ratio of 0.53, a quick ratio of 0.55 and a debt-to-equity ratio of 0.13. Arch Capital Group has a 12-month low of $82.44 and a 12-month high of $103.39.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly 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 $3.80 billion during the quarter, compared to analysts’ expectations 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 company posted $2.26 EPS. On average, equities analysts anticipate that Arch Capital Group will post 8.42 earnings per share for the current year.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, insider John M. Pasquesi sold 8,800 shares of the stock in a transaction on Monday, December 15th. The shares were sold at an average price of $94.17, for a total transaction of $828,696.00. Following the completion of the transaction, the insider owned 289,556 shares in the company, valued at $27,267,488.52. This trade represents a 2.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Francois Morin sold 8,000 shares of Arch Capital Group stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $94.62, for a total value of $756,960.00. Following the completion of the transaction, the chief financial officer owned 266,681 shares of the company’s stock, valued at approximately $25,233,356.22. This represents a 2.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 220,666 shares of company stock worth $20,728,673. Corporate insiders own 4.20% of the company’s stock.

Institutional Trading of Arch Capital Group

Several hedge funds and other institutional investors have recently bought and sold shares of ACGL. Bridges Investment Management Inc. purchased a new position in shares of Arch Capital Group in the 3rd quarter worth approximately $1,413,000. Allianz Asset Management GmbH lifted its position in Arch Capital Group by 12.5% in the third quarter. Allianz Asset Management GmbH now owns 192,567 shares of the insurance provider’s stock worth $17,472,000 after buying an additional 21,323 shares during the last quarter. WCM Investment Management LLC lifted its position in Arch Capital Group by 1.3% in the third quarter. WCM Investment Management LLC now owns 13,525,402 shares of the insurance provider’s stock worth $1,214,987,000 after buying an additional 171,693 shares during the last quarter. High Ground Investment Management LLP boosted its stake in Arch Capital Group by 3.5% during the third quarter. High Ground Investment Management LLP now owns 1,714,668 shares of the insurance provider’s stock worth $155,572,000 after buying an additional 58,151 shares during the period. Finally, Cooke & Bieler LP bought a new position in Arch Capital Group during the third quarter valued at $210,856,000. Institutional investors 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.