Arch Capital Group (NASDAQ:ACGL) PT Raised to $120.00 at Deutsche Bank Aktiengesellschaft

Arch Capital Group (NASDAQ:ACGL) had its price target lifted by Deutsche Bank Aktiengesellschaft from $110.00 to $120.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the insurance provider’s stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 20.00% from the stock’s current price.

Several other research analysts have also recently commented on ACGL. Roth Mkm reiterated a “buy” rating and issued a $110.00 price target on shares of Arch Capital Group in a research note on Tuesday, April 30th. Wells Fargo & Company boosted their price target on Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Evercore ISI boosted their price target on Arch Capital Group from $98.00 to $100.00 and gave the stock an “in-line” rating in a research note on Tuesday, April 30th. JMP Securities boosted their price objective on Arch Capital Group from $100.00 to $110.00 and gave the company a “market outperform” rating in a report on Tuesday, April 30th. Finally, JPMorgan Chase & Co. boosted their price objective on Arch Capital Group from $88.00 to $92.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $102.00.

Arch Capital Group Trading Down 0.6 %

Shares of ACGL opened at $100.00 on Monday. The stock’s 50-day moving average is $99.33 and its two-hundred day moving average is $89.85. The stock has a market cap of $37.55 billion, a PE ratio of 7.89, a P/E/G ratio of 1.73 and a beta of 0.58. Arch Capital Group has a 12 month low of $72.33 and a 12 month high of $103.79. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.59 and a quick ratio of 0.59.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Monday, April 29th. The insurance provider reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.39. Arch Capital Group had a return on equity of 21.85% and a net margin of 33.65%. The company had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter in the previous year, the firm posted $1.73 earnings per share. The firm’s quarterly revenue was up 19.3% on a year-over-year basis. Equities analysts forecast that Arch Capital Group will post 8.55 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO David Gansberg sold 10,000 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $96.64, for a total value of $966,400.00. Following the completion of the transaction, the chief executive officer now directly owns 228,035 shares of the company’s stock, valued at approximately $22,037,302.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On Arch Capital Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Householder Group Estate & Retirement Specialist LLC bought a new position in Arch Capital Group in the 4th quarter worth approximately $27,000. Larson Financial Group LLC acquired a new stake in Arch Capital Group in the fourth quarter worth approximately $30,000. Richardson Financial Services Inc. acquired a new stake in Arch Capital Group in the fourth quarter worth approximately $33,000. LRI Investments LLC acquired a new stake in Arch Capital Group in the first quarter worth approximately $38,000. Finally, CVA Family Office LLC acquired a new stake in Arch Capital Group in the fourth quarter worth approximately $47,000. 89.07% of the stock is owned by institutional investors.

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.