Keefe, Bruyette & Woods Issues Positive Forecast for Arch Capital Group (NASDAQ:ACGL) Stock Price

Arch Capital Group (NASDAQ:ACGL) had its price objective raised by Keefe, Bruyette & Woods from $104.00 to $105.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a market perform rating on the insurance provider’s stock.

Several other research firms have also recently weighed in on ACGL. Weiss Ratings raised shares of Arch Capital Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 4th. The Goldman Sachs Group reissued a “sell” rating and set a $93.00 price objective (up from $84.00) on shares of Arch Capital Group in a report on Wednesday, January 7th. Cantor Fitzgerald reissued a “neutral” rating and set a $100.00 price objective (up from $97.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Wells Fargo & Company boosted their price objective on shares of Arch Capital Group from $106.00 to $109.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Arch Capital Group from $111.00 to $117.00 and gave the company a “neutral” rating in a report on Wednesday, January 7th. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Arch Capital Group currently has a consensus rating of “Hold” and a consensus target price of $109.27.

Arch Capital Group Stock Up 0.1%

ACGL opened at $96.92 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average price of $96.78 and a 200-day moving average price of $93.52. Arch Capital Group has a twelve month low of $82.44 and a twelve month high of $103.39. The stock has a market capitalization of $34.53 billion, a price-to-earnings ratio of 8.34, a PEG ratio of 3.94 and a beta of 0.41.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data 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. Arch Capital Group had a net margin of 22.07% and a return on equity of 16.73%. The firm had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $3.94 billion. During the same period in the previous year, the company earned $2.26 earnings per share. Equities research analysts forecast 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, 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 transaction of $51,330.00. Following the completion of the sale, the director directly owned 2,000 shares of the company’s stock, valued at approximately $34,220. This represents a 60.00% 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 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 sale, the insider directly owned 433,589 shares of the company’s stock, valued at approximately $41,676,574.68. This represents a 9.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 78,267 shares of company stock valued at $7,291,637 in the last ninety days. Corporate insiders own 4.20% of the company’s stock.

Institutional Trading of Arch Capital Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Elyxium Wealth LLC purchased a new stake in shares of Arch Capital Group in the fourth quarter worth $27,000. WealthCollab LLC increased 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 purchasing an additional 238 shares in the last quarter. JPL Wealth Management LLC purchased a new stake in shares of Arch Capital Group in the third quarter worth $28,000. Aventura Private Wealth LLC purchased a new stake in shares of Arch Capital Group in the fourth quarter worth $30,000. Finally, Grove Bank & Trust purchased a new stake in shares of Arch Capital Group in the fourth quarter worth $30,000. 89.07% of the stock is owned by hedge funds and other institutional investors.

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.