Arch Capital Group (NASDAQ:ACGL) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Arch Capital Group (NASDAQ:ACGL) had its price target increased by analysts at Jefferies Financial Group from $102.00 to $106.00 in a report released on Thursday. The brokerage presently has a “hold” rating on the insurance provider’s stock. Jefferies Financial Group‘s target price would suggest a potential downside of 0.34% from the stock’s current price.

Several other equities research analysts have also commented on ACGL. JPMorgan Chase & Co. decreased their price objective on shares of Arch Capital Group from $118.00 to $113.00 and set a “neutral” rating for the company in a research note on Friday, October 9th. Atlantic Securities set a $126.00 target price on Arch Capital Group in a report on Wednesday, July 15th. Mizuho set a $100.00 price target on Arch Capital Group and gave the company a “neutral” rating in a research report on Wednesday, September 16th. Morgan Stanley set a $103.00 price target on Arch Capital Group and gave the stock an “equal weight” rating in a report on Thursday. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $120.00 price objective (up from $115.00) on shares of Arch Capital Group in a research report on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $109.94.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL traded up $2.42 during midday trading on Thursday, reaching $106.36. The company’s stock had a trading volume of 2,479,819 shares, compared to its average volume of 2,354,857. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.57 and a current ratio of 0.56. The company has a market cap of $36.29 billion, a P/E ratio of 8.70, a P/E/G ratio of 3.03 and a beta of 0.28. The business’s 50 day moving average price is $97.80 and its two-hundred day moving average price is $96.70. Arch Capital Group has a fifty-two week low of $84.69 and a fifty-two week high of $107.08.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Tuesday, October 27th. The insurance provider reported $2.67 EPS for the quarter, topping analysts’ consensus estimates of $2.31 by $0.36. Arch Capital Group had a return on equity of 16.62% and a net margin of 23.31%. The firm had revenue of $4.66 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same quarter last year, the company earned $2.77 EPS. On average, analysts forecast that Arch Capital Group will post 9.86 EPS for the current fiscal year.

Insider Activity

In other news, CFO Francois Morin sold 11,010 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $99.32, for a total transaction of $1,093,513.20. Following the transaction, the chief financial officer owned 184,826 shares of the company’s stock, valued at approximately $18,356,918.32. The trade was a 5.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Arch Capital Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its position in shares of Arch Capital Group by 2.9% during the first quarter. Dimensional Fund Advisors LP now owns 4,173,885 shares of the insurance provider’s stock valued at $400,643,000 after acquiring an additional 117,929 shares during the last quarter. Madison Asset Management LLC acquired a new position in shares of Arch Capital Group in the 2nd quarter worth approximately $368,808,000. First Trust Advisors LP lifted its holdings in shares of Arch Capital Group by 319.5% in the 1st quarter. First Trust Advisors LP now owns 2,626,148 shares of the insurance provider’s stock worth $252,084,000 after acquiring an additional 2,000,162 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Arch Capital Group by 10.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,259,582 shares of the insurance provider’s stock worth $208,695,000 after purchasing an additional 210,609 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Arch Capital Group by 50.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,910,063 shares of the insurance provider’s stock valued at $183,347,000 after purchasing an additional 641,462 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. is a Bermuda-based insurance, reinsurance and mortgage insurance company whose shares trade on the Nasdaq under the symbol ACGL. The company was established in 1995 and has developed into a global provider of specialty risk-management products and services.

Through its insurance operations, Arch offers property, casualty, specialty, and accident and health coverage to businesses and other policyholders. Its reinsurance operations provide coverage and risk-transfer solutions to insurance companies across a range of property and casualty lines.