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

JMP Securities reiterated their market outperform rating on shares of Arch Capital Group (NASDAQ:ACGL) in a research report released on Monday morning, Benzinga reports. They currently have a $100.00 price target on the insurance provider’s stock.

A number of other analysts have also recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Arch Capital Group from $88.00 to $92.00 and gave the stock a neutral rating in a research report on Monday, April 8th. UBS Group cut their price objective on shares of Arch Capital Group from $101.00 to $97.00 and set a buy rating on the stock in a report on Wednesday, January 10th. Evercore ISI boosted their price objective on shares of Arch Capital Group from $92.00 to $100.00 and gave the stock an in-line rating in a report on Thursday, April 11th. TD Cowen started coverage on shares of Arch Capital Group in a report on Wednesday, January 10th. They issued an outperform rating and a $96.00 price objective on the stock. Finally, Royal Bank of Canada reiterated an outperform rating and issued a $98.00 price objective on shares of Arch Capital Group in a report on Friday, February 16th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $96.23.

Arch Capital Group Stock Down 0.3 %

Shares of NASDAQ ACGL opened at $90.63 on Monday. The firm has a fifty day moving average of $89.19 and a 200-day moving average of $83.84. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.17. Arch Capital Group has a 52-week low of $69.05 and a 52-week high of $95.01. The stock has a market capitalization of $34.00 billion, a PE ratio of 7.80, a P/E/G ratio of 1.12 and a beta of 0.57.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Thursday, February 15th. The insurance provider reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.55. Arch Capital Group had a net margin of 32.59% and a return on equity of 21.94%. The firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.67 billion. During the same period in the prior year, the company earned $2.14 EPS. On average, analysts anticipate that Arch Capital Group will post 8.02 EPS for the current year.

Insider Activity

In other news, CEO Maamoun Rajeh sold 50,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $87.48, for a total value of $4,374,000.00. Following the sale, the chief executive officer now owns 336,170 shares in the company, valued at approximately $29,408,151.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Nicolas Papadopoulo sold 60,000 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the sale, the insider now owns 651,931 shares in the company, valued at $57,057,001.12. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Maamoun Rajeh sold 50,000 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the sale, the chief executive officer now owns 336,170 shares in the company, valued at approximately $29,408,151.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 135,689 shares of company stock worth $11,872,217. 4.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Deltec Asset Management LLC bought a new position in Arch Capital Group in the 1st quarter worth about $593,000. Brown Miller Wealth Management LLC grew its position in Arch Capital Group by 3.0% in the 1st quarter. Brown Miller Wealth Management LLC now owns 11,272 shares of the insurance provider’s stock worth $1,041,000 after purchasing an additional 333 shares during the last quarter. Indiana Trust & Investment Management CO bought a new position in Arch Capital Group in the 1st quarter worth about $58,000. Wealth Enhancement Advisory Services LLC grew its position in Arch Capital Group by 32.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 25,982 shares of the insurance provider’s stock worth $2,402,000 after purchasing an additional 6,306 shares during the last quarter. Finally, Signet Financial Management LLC grew its position in Arch Capital Group by 42.4% in the 1st quarter. Signet Financial Management LLC now owns 16,886 shares of the insurance provider’s stock worth $1,561,000 after purchasing an additional 5,030 shares during the last quarter. 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.