JPMorgan Chase & Co. Raises Arch Capital Group (NASDAQ:ACGL) Price Target to $107.00

Arch Capital Group (NASDAQ:ACGL - Get Free Report) had its price objective hoisted by research analysts at JPMorgan Chase & Co. from $106.00 to $107.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the insurance provider's stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 16.14% from the stock's previous close.

A number of other equities research analysts have also weighed in on the company. Morgan Stanley reduced their price objective on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Wells Fargo & Company lowered their price objective on Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating for the company in a research report on Wednesday, February 12th. UBS Group dropped their target price on shares of Arch Capital Group from $131.00 to $127.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. JMP Securities reiterated a "market outperform" rating and issued a $125.00 price target on shares of Arch Capital Group in a report on Tuesday, February 11th. Finally, Royal Bank of Canada reduced their price objective on shares of Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, Arch Capital Group presently has an average rating of "Moderate Buy" and an average target price of $114.88.

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Arch Capital Group Price Performance

Arch Capital Group stock traded up $1.55 during trading hours on Tuesday, reaching $92.13. 1,928,388 shares of the stock were exchanged, compared to its average volume of 1,738,633. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. Arch Capital Group has a twelve month low of $82.49 and a twelve month high of $116.47. The company has a market cap of $34.61 billion, a P/E ratio of 8.23, a price-to-earnings-growth ratio of 2.31 and a beta of 0.36. The stock has a 50 day moving average of $91.52 and a two-hundred day moving average of $96.51.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.90 by $0.36. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. During the same period in the previous year, the business earned $2.45 EPS. Equities analysts expect that Arch Capital Group will post 8.42 EPS for the current fiscal year.

Insider Transactions at Arch Capital Group

In other news, insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total value of $1,055,600.00. Following the transaction, the insider now owns 140,023 shares of the company's stock, valued at $12,742,093. This represents a 7.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 4.10% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ACGL. Gateway Investment Advisers LLC grew its position in Arch Capital Group by 2.8% during the first quarter. Gateway Investment Advisers LLC now owns 8,242 shares of the insurance provider's stock valued at $793,000 after acquiring an additional 228 shares during the last quarter. Chemistry Wealth Management LLC raised its position in Arch Capital Group by 18.3% during the 1st quarter. Chemistry Wealth Management LLC now owns 8,779 shares of the insurance provider's stock valued at $844,000 after purchasing an additional 1,356 shares during the last quarter. Procyon Advisors LLC increased its position in Arch Capital Group by 11.0% during the 1st quarter. Procyon Advisors LLC now owns 11,840 shares of the insurance provider's stock valued at $1,139,000 after purchasing an additional 1,173 shares during the period. Arthur M. Cohen & Associates LLC raised its stake in Arch Capital Group by 5.1% in the first quarter. Arthur M. Cohen & Associates LLC now owns 33,778 shares of the insurance provider's stock worth $3,249,000 after buying an additional 1,650 shares in the last quarter. Finally, Merit Financial Group LLC boosted its position in shares of Arch Capital Group by 11.2% during the first quarter. Merit Financial Group LLC now owns 6,575 shares of the insurance provider's stock valued at $632,000 after purchasing an additional 664 shares in 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.