Deutsche Bank Aktiengesellschaft Boosts Arch Capital Group (NASDAQ:ACGL) Price Target to $120.00

Arch Capital Group (NASDAQ:ACGL) had its target price increased by Deutsche Bank Aktiengesellschaft from $110.00 to $120.00 in a report published on Monday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the insurance provider’s stock.

Other equities analysts also recently issued reports about the company. Roth Mkm restated a buy rating and set a $110.00 price objective on shares of Arch Capital Group in a research report on Tuesday, April 30th. Morgan Stanley raised their price objective on Arch Capital Group from $104.00 to $109.00 and gave the stock an overweight rating in a research report on Monday, April 15th. StockNews.com downgraded Arch Capital Group from a buy rating to a hold rating in a report on Wednesday, June 26th. Wells Fargo & Company lifted their target price on Arch Capital Group from $109.00 to $110.00 and gave the stock an overweight rating in a report on Wednesday, May 1st. Finally, Evercore ISI lifted their target price on Arch Capital Group from $98.00 to $100.00 and gave the stock an in-line rating in a report on Tuesday, April 30th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $102.00.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $97.65 on Monday. The business’s 50-day moving average price is $99.42 and its 200-day moving average price is $89.91. Arch Capital Group has a 12 month low of $72.33 and a 12 month high of $103.79. The firm has a market capitalization of $36.67 billion, a price-to-earnings ratio of 7.71, a PEG ratio of 1.73 and a beta of 0.58. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.17.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Monday, April 29th. The insurance provider reported $2.45 earnings per share (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 during the quarter, compared to the consensus estimate of $3.77 billion. During the same period last year, the company earned $1.73 earnings per share. The firm’s revenue was up 19.3% compared to the same quarter last year. Equities research analysts forecast that Arch Capital Group will post 8.55 EPS for the current year.

Insider Activity at Arch Capital Group

In related news, CEO David Gansberg sold 10,000 shares of Arch Capital Group stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $96.64, for a total transaction of $966,400.00. Following the transaction, the chief executive officer now owns 228,035 shares of the company’s stock, valued at $22,037,302.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Assenagon Asset Management S.A. boosted its position in Arch Capital Group by 0.4% in the first quarter. Assenagon Asset Management S.A. now owns 33,283 shares of the insurance provider’s stock worth $3,077,000 after purchasing an additional 117 shares during the last quarter. Sunbelt Securities Inc. lifted its position in shares of Arch Capital Group by 1.8% during the 1st quarter. Sunbelt Securities Inc. now owns 6,679 shares of the insurance provider’s stock valued at $617,000 after buying an additional 117 shares during the last quarter. Resonant Capital Advisors LLC lifted its position in shares of Arch Capital Group by 2.1% during the 1st quarter. Resonant Capital Advisors LLC now owns 5,802 shares of the insurance provider’s stock valued at $536,000 after buying an additional 118 shares during the last quarter. Petra Financial Advisors Inc. lifted its position in shares of Arch Capital Group by 1.2% during the 1st quarter. Petra Financial Advisors Inc. now owns 10,574 shares of the insurance provider’s stock valued at $977,000 after buying an additional 129 shares during the last quarter. Finally, Headlands Technologies LLC lifted its position in shares of Arch Capital Group by 1.1% during the 1st quarter. Headlands Technologies LLC now owns 12,538 shares of the insurance provider’s stock valued at $1,159,000 after buying an additional 141 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Company Profile

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.