Arch Capital Group (NASDAQ:ACGL) Receives “Market Outperform” Rating from JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of Arch Capital Group (NASDAQ:ACGL) in a report published on Tuesday,Benzinga reports. They currently have a $125.00 price target on the insurance provider’s stock.

A number of other analysts also recently commented on the stock. Wells Fargo & Company dropped their target price on shares of Arch Capital Group from $109.00 to $107.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. StockNews.com downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Royal Bank of Canada dropped their target price on shares of Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Barclays dropped their target price on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Finally, Bank of America dropped their target price on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $116.47.

Arch Capital Group Stock Up 2.2 %

ACGL stock opened at $90.16 on Tuesday. Arch Capital Group has a 52 week low of $83.91 and a 52 week high of $116.47. The company has a market capitalization of $33.92 billion, a price-to-earnings ratio of 6.05, a price-to-earnings-growth ratio of 1.53 and a beta of 0.64. The firm’s 50-day moving average is $92.72 and its two-hundred day moving average is $100.99. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, topping analysts’ consensus estimates 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 in the prior year, the business posted $2.45 EPS. On average, analysts forecast that Arch Capital Group will post 8.86 earnings per share for the current fiscal year.

Institutional Trading of Arch Capital Group

Institutional investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP acquired a new stake in Arch Capital Group in the third quarter valued at approximately $25,000. Cullen Frost Bankers Inc. acquired a new stake in Arch Capital Group in the fourth quarter valued at approximately $37,000. UMB Bank n.a. lifted its stake in shares of Arch Capital Group by 41.9% in the third quarter. UMB Bank n.a. now owns 427 shares of the insurance provider’s stock worth $48,000 after buying an additional 126 shares during the last quarter. Asset Dedication LLC lifted its stake in shares of Arch Capital Group by 188.1% in the third quarter. Asset Dedication LLC now owns 435 shares of the insurance provider’s stock worth $49,000 after buying an additional 284 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Arch Capital Group in the third quarter worth $50,000. 89.07% of the stock is currently owned by institutional investors and hedge funds.

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.