Arch Capital Group (NASDAQ:ACGL) Price Target Increased to $134.00 by Analysts at Jefferies Financial Group

Arch Capital Group (NASDAQ:ACGL) had its price objective increased by stock analysts at Jefferies Financial Group from $114.00 to $134.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the insurance provider’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 19.16% from the stock’s previous close.

Several other brokerages have also recently commented on ACGL. Keefe, Bruyette & Woods boosted their price target on shares of Arch Capital Group from $120.00 to $121.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Barclays started coverage on Arch Capital Group in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $120.00 target price for the company. Wells Fargo & Company cut their target price on Arch Capital Group from $111.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 12th. StockNews.com cut Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Arch Capital Group from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, July 1st. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $116.53.

Arch Capital Group Price Performance

NASDAQ:ACGL traded up $2.54 on Wednesday, reaching $112.45. 1,189,858 shares of the company’s stock traded hands, compared to its average volume of 1,610,517. The firm has a market cap of $42.22 billion, a PE ratio of 8.89, a P/E/G ratio of 2.06 and a beta of 0.59. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.16. The stock has a 50-day simple moving average of $107.92 and a 200-day simple moving average of $100.90. Arch Capital Group has a 12 month low of $72.85 and a 12 month high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.36. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The business had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same period last year, the firm posted $1.92 EPS. The company’s revenue was up 10.3% on a year-over-year basis. Equities research analysts forecast that Arch Capital Group will post 9.01 earnings per share for the current year.

Insider Activity

In other news, CFO Francois Morin sold 11,460 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the completion of the sale, the chief financial officer now owns 221,779 shares in the company, valued at approximately $22,723,476.34. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On Arch Capital Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ACGL. Elo Mutual Pension Insurance Co raised its stake in shares of Arch Capital Group by 4.2% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 32,423 shares of the insurance provider’s stock valued at $2,408,000 after buying an additional 1,315 shares during the last quarter. LM Advisors LLC acquired a new stake in shares of Arch Capital Group during the 4th quarter valued at about $310,000. Gladstone Capital Management LLP grew its position in shares of Arch Capital Group by 52.8% during the 4th quarter. Gladstone Capital Management LLP now owns 1,385,307 shares of the insurance provider’s stock valued at $102,887,000 after acquiring an additional 478,570 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of Arch Capital Group by 61.6% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,191,282 shares of the insurance provider’s stock valued at $237,017,000 after acquiring an additional 1,216,080 shares during the period. Finally, Quarry LP acquired a new stake in shares of Arch Capital Group during the 4th quarter valued at about $60,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Company Profile

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.