Cantor Fitzgerald Issues Positive Forecast for Arch Capital Group (NASDAQ:ACGL) Stock Price

Arch Capital Group (NASDAQ:ACGL) had its price target hoisted by equities researchers at Cantor Fitzgerald from $105.00 to $111.00 in a research note issued on Monday, Benzinga reports. The firm currently has a “neutral” rating on the insurance provider’s stock. Cantor Fitzgerald‘s target price points to a potential upside of 4.36% from the company’s previous close.

A number of other brokerages have also recently commented on ACGL. Citigroup raised their price objective on Arch Capital Group from $122.50 to $125.00 and gave the company a “buy” rating in a research note on Thursday. Royal Bank Of Canada reiterated an “outperform” rating and issued a $120.00 price objective (up from $115.00) on shares of Arch Capital Group in a research note on Thursday, July 30th. Jefferies Financial Group boosted their price target on shares of Arch Capital Group from $102.00 to $106.00 and gave the company a “hold” rating in a research report on Thursday. Keefe, Bruyette & Woods cut their price objective on shares of Arch Capital Group from $99.00 to $95.00 and set a “market perform” rating for the company in a research report on Monday, October 12th. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $107.00 price target (down from $117.00) on shares of Arch Capital Group in a research report on Monday, October 12th. Seven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $110.29.

Arch Capital Group Stock Performance

NASDAQ:ACGL opened at $106.36 on Monday. The firm has a market cap of $36.29 billion, a P/E ratio of 8.70, a P/E/G ratio of 3.54 and a beta of 0.22. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.57 and a current ratio of 0.56. Arch Capital Group has a 52 week low of $84.69 and a 52 week high of $107.08. The firm’s fifty day moving average is $97.94 and its 200-day moving average is $96.77.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Tuesday, October 27th. The insurance provider reported $2.67 earnings per share for the quarter, topping analysts’ consensus estimates of $2.31 by $0.36. The firm had revenue of $4.66 billion during the quarter, compared to the consensus estimate of $4.06 billion. Arch Capital Group had a return on equity of 16.62% and a net margin of 23.31%. During the same period last year, the business posted $2.77 EPS. Equities analysts expect that Arch Capital Group will post 10.02 earnings per share for the current year.

Insider Activity

In related news, CFO Francois Morin sold 11,010 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $99.32, for a total value of $1,093,513.20. Following the sale, the chief financial officer directly owned 184,826 shares of the company’s stock, valued at $18,356,918.32. This trade represents a 5.62% 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. 3.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ACGL. Dimensional Fund Advisors LP lifted its position in Arch Capital Group by 2.9% during the 1st 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 period. Madison Asset Management LLC purchased a new position in Arch Capital Group in the second quarter worth about $368,808,000. First Trust Advisors LP raised its holdings in Arch Capital Group by 319.5% in the first quarter. First Trust Advisors LP now owns 2,626,148 shares of the insurance provider’s stock worth $252,084,000 after buying an additional 2,000,162 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of Arch Capital Group by 10.3% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,259,582 shares of the insurance provider’s stock worth $208,695,000 after buying an additional 210,609 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Arch Capital Group by 50.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,910,063 shares of the insurance provider’s stock worth $183,347,000 after buying an additional 641,462 shares in the last quarter. Hedge funds and other institutional investors 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.