Arch Capital Group (NASDAQ:ACGL) Price Target Increased to $107.00 by Analysts at Evercore ISI

Arch Capital Group (NASDAQ:ACGL) had its target price boosted by investment analysts at Evercore ISI from $104.00 to $107.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has an “in-line” rating on the insurance provider’s stock. Evercore ISI’s price target points to a potential downside of 1.74% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. raised their price target on Arch Capital Group from $106.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. JMP Securities boosted their price target on shares of Arch Capital Group from $110.00 to $115.00 and gave the stock a “market outperform” rating in a report on Wednesday, July 31st. Roth Mkm lifted their price target on Arch Capital Group from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. StockNews.com downgraded Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 31st. Finally, Citigroup raised their price target on shares of Arch Capital Group from $105.00 to $114.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $115.29.

Arch Capital Group Trading Down 0.9 %

NASDAQ:ACGL opened at $108.90 on Wednesday. The company’s 50 day moving average price is $107.92 and its 200-day moving average price is $100.90. 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 market cap of $40.89 billion, a price-to-earnings ratio of 8.67, a PEG ratio of 2.06 and a beta of 0.59. Arch Capital Group has a 52 week low of $72.85 and a 52 week high of $116.47.

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

Insiders Place Their Bets

In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $102.46, for a total value of $1,174,191.60. Following the completion of the sale, the chief financial officer now owns 221,779 shares of the company’s stock, valued at $22,723,476.34. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. UMB Bank n.a. bought a new position in Arch Capital Group in the 2nd quarter worth approximately $30,000. Baldwin Brothers LLC MA grew its holdings in shares of Arch Capital Group by 50.7% during the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 104 shares in the last quarter. Richardson Financial Services Inc. bought a new stake in shares of Arch Capital Group in the 4th quarter worth about $33,000. Rothschild Investment LLC bought a new position in Arch Capital Group during the 2nd quarter valued at about $35,000. Finally, LRI Investments LLC acquired a new position in Arch Capital Group in the first quarter valued at about $38,000. 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.