Arch Capital Group (NASDAQ:ACGL) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Arch Capital Group (NASDAQ:ACGL) had its price objective upped by stock analysts at JPMorgan Chase & Co. from $110.00 to $116.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the insurance provider’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 15.37% from the stock’s current price.

A number of other analysts have also weighed in on ACGL. Cantor Fitzgerald reissued a “neutral” rating and set a $102.00 price objective (up from $100.00) on shares of Arch Capital Group in a research note on Thursday, July 9th. Mizuho lifted their target price on shares of Arch Capital Group from $101.00 to $104.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. UBS Group reiterated a “buy” rating and set a $120.00 price target (up from $114.00) on shares of Arch Capital Group in a report on Wednesday, July 8th. Wells Fargo & Company increased their price target on shares of Arch Capital Group from $110.00 to $114.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Finally, Barclays raised their price target on shares of Arch Capital Group from $104.00 to $106.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 8th. Eight equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $109.82.

Arch Capital Group Stock Down 1.3%

ACGL opened at $100.55 on Monday. Arch Capital Group has a 12 month low of $82.44 and a 12 month high of $105.09. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.15. The business’s 50-day moving average price is $95.38 and its 200-day moving average price is $95.70. The company has a market cap of $35.13 billion, a P/E ratio of 7.72, a P/E/G ratio of 5.07 and a beta of 0.31.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share 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 during the quarter. On average, equities analysts expect that Arch Capital Group will post 9.35 EPS for the current year.

Insider Buying and Selling

In other news, Director Brian S. Posner sold 3,000 shares of the business’s stock in a transaction that occurred 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 legal filing with the SEC, which is available through the SEC website. Also, Director Daniel Joseph Houston bought 5,300 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were acquired at an average price of $94.08 per share, with a total value of $498,624.00. Following the acquisition, the director owned 9,915 shares of the company’s stock, valued at $932,803.20. This represents a 114.84% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 3.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Arch Capital Group during the 4th quarter valued at about $463,208,000. Morgan Stanley raised its stake in Arch Capital Group by 0.8% in the fourth quarter. Morgan Stanley now owns 4,289,082 shares of the insurance provider’s stock worth $411,409,000 after buying an additional 33,132 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Arch Capital Group by 2.9% in the first quarter. Dimensional Fund Advisors LP now owns 4,173,885 shares of the insurance provider’s stock worth $400,643,000 after buying an additional 117,929 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Arch Capital Group by 5.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,949,978 shares of the insurance provider’s stock worth $282,962,000 after buying an additional 160,326 shares during the period. Finally, Legal & General Group Plc lifted its holdings in Arch Capital Group by 4.3% in the fourth quarter. Legal & General Group Plc now owns 2,944,169 shares of the insurance provider’s stock worth $282,405,000 after buying an additional 121,090 shares during the period. 89.07% of the stock is owned by hedge funds and other 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.