Arch Capital Group’s (ACGL) “Market Outperform” Rating Reaffirmed at JMP Securities

Arch Capital Group (NASDAQ:ACGL)‘s stock had its “market outperform” rating reiterated by equities research analysts at JMP Securities in a report issued on Tuesday,Benzinga reports. They presently have a $125.00 target price on the insurance provider’s stock. JMP Securities’ price objective indicates a potential upside of 40.85% from the company’s previous close.

ACGL has been the subject of a number of other research reports. Wells Fargo & Company decreased their price objective on shares of Arch Capital Group from $109.00 to $107.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. BMO Capital Markets boosted their price objective on shares of Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a research report on Wednesday, November 6th. Barclays decreased their target price on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. Royal Bank of Canada reduced their price objective on Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $118.00.

Arch Capital Group Stock Down 3.0 %

ACGL stock traded down $2.71 during midday trading on Tuesday, hitting $88.75. 731,581 shares of the company’s stock were exchanged, compared to its average volume of 1,847,600. The stock has a market capitalization of $33.39 billion, a price-to-earnings ratio of 5.95, a price-to-earnings-growth ratio of 1.53 and a beta of 0.64. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17. The firm has a 50 day moving average price of $93.29 and a 200-day moving average price of $101.21. Arch Capital Group has a 12-month low of $82.75 and a 12-month high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.36. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. During the same quarter last year, the company posted $2.45 earnings per share. On average, analysts anticipate that Arch Capital Group will post 8.86 EPS for the current year.

Institutional Investors Weigh In On Arch Capital Group

Several hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its position in shares of Arch Capital Group by 12.8% in the third quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider’s stock worth $100,000 after buying an additional 101 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in Arch Capital Group by 0.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 32,147 shares of the insurance provider’s stock worth $2,969,000 after buying an additional 110 shares during the last quarter. KG&L Capital Management LLC lifted its position in shares of Arch Capital Group by 1.1% in the third quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider’s stock worth $1,214,000 after buying an additional 115 shares during the last quarter. Marks Group Wealth Management Inc boosted its position in Arch Capital Group by 4.2% during the third quarter. Marks Group Wealth Management Inc now owns 2,884 shares of the insurance provider’s stock worth $323,000 after purchasing an additional 115 shares during the period. Finally, Harbor Capital Advisors Inc. raised its position in shares of Arch Capital Group by 1.3% in the third quarter. Harbor Capital Advisors Inc. now owns 8,878 shares of the insurance provider’s stock valued at $993,000 after purchasing an additional 116 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.

About Arch Capital Group

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.