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

Arch Capital Group (NASDAQ:ACGL) had its price objective upped by Mizuho from $95.00 to $102.00 in a research note issued to investors on Thursday, Marketbeat Ratings reports. The firm currently has a “neutral” rating on the insurance provider’s stock. Mizuho’s price objective indicates a potential upside of 3.68% from the stock’s current price.

ACGL has been the subject of a number of other research reports. Morgan Stanley set a $125.00 price objective on Arch Capital Group in a research report on Friday, January 16th. Citigroup reissued a “market outperform” rating on shares of Arch Capital Group in a research note on Friday, January 16th. Royal Bank Of Canada lifted their price objective on Arch Capital Group from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday. The Goldman Sachs Group reaffirmed 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. Finally, Wells Fargo & Company raised their target price on shares of Arch Capital Group from $106.00 to $109.00 and gave the company an “overweight” rating in a report on Wednesday. Nine 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $109.27.

Arch Capital Group Trading Down 1.5%

Arch Capital Group stock opened at $98.38 on Thursday. Arch Capital Group has a 1 year low of $82.44 and a 1 year high of $103.39. The firm’s 50 day moving average price is $95.13 and its 200-day moving average price is $91.88. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.53 and a quick ratio of 0.55. The stock has a market cap of $35.68 billion, a P/E ratio of 8.47, a PEG ratio of 4.00 and a beta of 0.42.

Arch Capital Group (NASDAQ:ACGL) last posted its 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 company 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 period last year, the company posted $2.26 earnings per share. On average, equities analysts predict that Arch Capital Group will post 8.42 earnings per share for the current fiscal year.

Insider Activity

In other Arch Capital Group news, CFO Francois Morin sold 8,000 shares of the firm’s stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $94.62, for a total value of $756,960.00. Following the completion of the sale, the chief financial officer owned 266,681 shares of the company’s stock, valued at $25,233,356.22. This trade represents a 2.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Maamoun Rajeh sold 47,430 shares of the business’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $96.12, for a total value of $4,558,971.60. Following the transaction, the insider owned 433,589 shares of the company’s stock, valued at approximately $41,676,574.68. The trade was a 9.86% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 268,096 shares of company stock valued at $25,287,645. 4.20% of the stock is currently owned by insiders.

Institutional Trading of Arch Capital Group

Several institutional investors and hedge funds have recently made changes to their positions in ACGL. Geneos Wealth Management Inc. grew its holdings in Arch Capital Group by 157.9% in the first quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock worth $65,000 after purchasing an additional 412 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Arch Capital Group in the 2nd quarter worth $253,000. Apollon Wealth Management LLC grew its stake in Arch Capital Group by 22.3% during the 2nd quarter. Apollon Wealth Management LLC now owns 4,411 shares of the insurance provider’s stock worth $402,000 after buying an additional 803 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in Arch Capital Group by 2.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 22,350 shares of the insurance provider’s stock worth $2,035,000 after buying an additional 468 shares during the last quarter. Finally, NorthRock Partners LLC acquired a new position in Arch Capital Group during the 2nd quarter valued at about $359,000. 89.07% of the stock is currently owned by 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.