Arch Capital Group (NASDAQ:ACGL) Given New $104.00 Price Target at Mizuho

Arch Capital Group (NASDAQ:ACGL) had its price objective hoisted by Mizuho from $101.00 to $104.00 in a research report report published on Thursday, Marketbeat reports. The brokerage currently has a neutral rating on the insurance provider’s stock.

ACGL has been the topic of a number of other reports. Barclays upped their target price on Arch Capital Group from $104.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th. Citigroup lifted their price target on Arch Capital Group from $120.00 to $122.50 and gave the company a “buy” rating in a research report on Thursday, April 30th. Wells Fargo & Company upped their price objective on shares of Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. lowered their target price on shares of Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Finally, UBS Group reiterated a “buy” rating and set a $120.00 target price (up from $114.00) on shares of Arch Capital Group in a research report on Wednesday. Eight research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Arch Capital Group presently has an average rating of “Hold” and a consensus target price of $108.12.

Arch Capital Group Stock Down 0.3%

Shares of NASDAQ:ACGL opened at $101.70 on Thursday. The firm has a fifty day moving average price of $94.27 and a two-hundred day moving average price of $95.45. The company has a market cap of $35.53 billion, a price-to-earnings ratio of 7.81, a PEG ratio of 5.12 and a beta of 0.31. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.55 and a quick ratio of 0.55. Arch Capital Group has a one year low of $82.44 and a one year high of $105.09.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share (EPS) for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%.The company had revenue of $4.52 billion for the quarter. Analysts anticipate that Arch Capital Group will post 9.27 EPS for the current fiscal year.

Insider Transactions at Arch Capital Group

In related news, Director Brian S. Posner sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total transaction of $58,980.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Daniel Joseph Houston bought 5,300 shares of Arch Capital Group stock in a transaction that occurred on Thursday, April 30th. The shares were acquired at an average cost of $94.08 per share, for a total transaction of $498,624.00. Following the acquisition, the director owned 9,915 shares in the company, valued at $932,803.20. The trade was a 114.84% increase in their position. The SEC filing for this purchase provides additional information. 3.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Arch Capital Group

Several institutional investors have recently added to or reduced their stakes in ACGL. Legal & General Group Plc increased its stake in Arch Capital Group by 4.3% in the 4th quarter. Legal & General Group Plc now owns 2,944,169 shares of the insurance provider’s stock worth $282,405,000 after purchasing an additional 121,090 shares during the period. National Pension Service lifted its position in Arch Capital Group by 8.5% in the fourth quarter. National Pension Service now owns 683,272 shares of the insurance provider’s stock valued at $65,539,000 after purchasing an additional 53,661 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Arch Capital Group by 10.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 187,002 shares of the insurance provider’s stock valued at $18,024,000 after purchasing an additional 17,923 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in shares of Arch Capital Group by 50.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,548,042 shares of the insurance provider’s stock valued at $148,488,000 after purchasing an additional 518,527 shares during the period. Finally, Marshfield Associates grew its holdings in shares of Arch Capital Group by 5.5% in the third quarter. Marshfield Associates now owns 2,724,635 shares of the insurance provider’s stock worth $247,206,000 after purchasing an additional 141,223 shares during the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

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.