Arch Capital Group (NASDAQ:ACGL) Price Target Raised to $116.00 at JPMorgan Chase & Co.

Arch Capital Group (NASDAQ:ACGL) had its target price raised by JPMorgan Chase & Co. from $110.00 to $116.00 in a research report sent to investors on Monday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the insurance provider’s stock.

ACGL has been the topic of a number of other reports. Wells Fargo & Company boosted their target price on Arch Capital Group from $110.00 to $114.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Barclays increased their price target on Arch Capital Group from $104.00 to $106.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. Morgan Stanley lifted their price target on Arch Capital Group from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Weiss Ratings downgraded Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Finally, Citigroup upped their price objective on shares of Arch Capital Group from $120.00 to $122.50 and gave the company a “buy” rating in a research note on Thursday, April 30th. Eight investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $109.82.

Arch Capital Group Trading Up 0.5%

Arch Capital Group stock opened at $101.83 on Monday. The firm has a market cap of $35.58 billion, a price-to-earnings ratio of 7.82, a price-to-earnings-growth ratio of 5.04 and a beta of 0.31. Arch Capital Group has a 1 year low of $82.44 and a 1 year high of $105.09. The firm’s 50 day moving average price is $95.25 and its two-hundred day moving average price is $95.66. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.55 and a current ratio of 0.55.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. The company had revenue of $4.52 billion during the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%. On average, research analysts predict that Arch Capital Group will post 9.35 EPS for the current fiscal year.

Insider Buying and Selling at Arch Capital Group

In related news, Director Brian S. Posner sold 3,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total transaction of $58,980.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Daniel Joseph Houston acquired 5,300 shares of Arch Capital Group stock in a transaction that occurred on Thursday, April 30th. The stock was acquired at an average cost of $94.08 per share, with a total value of $498,624.00. Following the completion of the purchase, the director owned 9,915 shares in the company, valued at approximately $932,803.20. This represents a 114.84% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 3.30% of the company’s stock.

Hedge Funds Weigh In On Arch Capital Group

A number of large investors have recently made changes to their positions in the business. Daymark Wealth Partners LLC increased 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. Legacy Advisors LLC raised its position in Arch Capital Group by 1.2% during the fourth quarter. Legacy Advisors LLC now owns 9,551 shares of the insurance provider’s stock valued at $916,000 after purchasing an additional 112 shares in the last quarter. Twin Capital Management Inc. lifted its stake in Arch Capital Group by 1.4% during the first quarter. Twin Capital Management Inc. now owns 8,177 shares of the insurance provider’s stock worth $785,000 after purchasing an additional 116 shares during the last quarter. Torren Management LLC lifted its stake in Arch Capital Group by 66.9% during the second quarter. Torren Management LLC now owns 292 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 117 shares during the last quarter. Finally, V Square Quantitative Management LLC boosted its holdings in shares of Arch Capital Group by 1.3% in the 1st quarter. V Square Quantitative Management LLC now owns 9,453 shares of the insurance provider’s stock valued at $907,000 after purchasing an additional 123 shares in the last quarter. Institutional investors and hedge funds 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.