JMP Securities Reaffirms "Market Outperform" Rating for Arch Capital Group (NASDAQ:ACGL)

JMP Securities reaffirmed their market outperform rating on shares of Arch Capital Group (NASDAQ:ACGL - Free Report) in a research note published on Tuesday morning,Benzinga reports. JMP Securities currently has a $125.00 price target on the insurance provider's stock.

Other equities analysts have also recently issued reports about the company. BMO Capital Markets raised their price objective on Arch Capital Group from $98.00 to $104.00 and gave the company a "market perform" rating in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods lowered their price objective on Arch Capital Group from $121.00 to $120.00 and set an "outperform" rating on the stock in a research note on Friday, January 10th. Bank of America lowered their price objective on Arch Capital Group from $143.00 to $136.00 and set a "buy" rating on the stock in a research note on Friday, November 15th. JPMorgan Chase & Co. lowered their price objective on Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating on the stock in a research note on Friday, January 3rd. Finally, Royal Bank of Canada lowered their price objective on Arch Capital Group from $128.00 to $125.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st. Six 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 stock presently has an average rating of "Moderate Buy" and an average target price of $116.53.

Arch Capital Group Stock Down 2.1 %

NASDAQ ACGL traded down $1.92 during mid-day trading on Tuesday, hitting $88.24. The company's stock had a trading volume of 1,007,631 shares, compared to its average volume of 1,944,979. The company's 50 day simple moving average is $92.72 and its 200 day simple moving average is $100.99. Arch Capital Group has a twelve month low of $83.97 and a twelve month high of $116.47. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $33.20 billion, a price-to-earnings ratio of 5.92, a PEG ratio of 1.53 and a beta of 0.64.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the prior year, the company posted $2.45 earnings per share. Analysts anticipate that Arch Capital Group will post 8.86 earnings per share for the current year.

Institutional Trading of Arch Capital Group

A number of hedge funds have recently bought and sold shares of ACGL. UMB Bank n.a. lifted its position in Arch Capital Group by 41.9% in the 3rd 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. Exchange Traded Concepts LLC bought a new stake in Arch Capital Group in the 3rd quarter worth approximately $912,000. Procyon Advisors LLC lifted its position in Arch Capital Group by 8.0% in the 3rd quarter. Procyon Advisors LLC now owns 9,264 shares of the insurance provider's stock worth $1,037,000 after buying an additional 687 shares during the last quarter. Empirical Asset Management LLC bought a new stake in Arch Capital Group in the 3rd quarter worth approximately $904,000. Finally, CX Institutional lifted its position in Arch Capital Group by 1,838.1% in the 3rd quarter. CX Institutional now owns 40,953 shares of the insurance provider's stock worth $4,582,000 after buying an additional 38,840 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.