Arch Capital Group (NASDAQ:ACGL) Sets New 1-Year High After Analyst Upgrade

Arch Capital Group Ltd. (NASDAQ:ACGL - Get Free Report) shares hit a new 52-week high on Monday after Roth Mkm raised their price target on the stock from $110.00 to $125.00. Roth Mkm currently has a buy rating on the stock. Arch Capital Group traded as high as $109.64 and last traded at $108.98, with a volume of 61245 shares. The stock had previously closed at $109.02.

Other analysts also recently issued reports about the stock. Evercore ISI boosted their price target on shares of Arch Capital Group from $100.00 to $104.00 and gave the stock an "in-line" rating in a research note on Wednesday, July 31st. Keefe, Bruyette & Woods raised their price target on Arch Capital Group from $120.00 to $121.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 7th. Royal Bank of Canada increased their price objective on Arch Capital Group from $108.00 to $112.00 and gave the company an "outperform" rating in a research note on Thursday, August 1st. Wells Fargo & Company decreased their target price on shares of Arch Capital Group from $111.00 to $110.00 and set an "overweight" rating on the stock in a research note on Monday, August 12th. Finally, Bank of America dropped their price target on shares of Arch Capital Group from $119.00 to $118.00 and set a "buy" rating for the company in a research report on Thursday, July 11th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Arch Capital Group presently has a consensus rating of "Moderate Buy" and an average price target of $106.50.

Insider Buying and Selling

In other news, CFO Francois Morin sold 11,460 shares of the business's stock in a transaction on Friday, August 16th. The shares were sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the sale, the chief financial officer now owns 221,779 shares in the company, valued at approximately $22,723,476.34. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 4.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC increased its holdings in shares of Arch Capital Group by 19.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 89,148 shares of the insurance provider's stock valued at $6,621,000 after acquiring an additional 14,233 shares in the last quarter. Gladstone Capital Management LLP raised its holdings in Arch Capital Group by 52.8% in the fourth quarter. Gladstone Capital Management LLP now owns 1,385,307 shares of the insurance provider's stock worth $102,887,000 after buying an additional 478,570 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of Arch Capital Group by 61.6% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,191,282 shares of the insurance provider's stock worth $237,017,000 after buying an additional 1,216,080 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in shares of Arch Capital Group by 5.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 431,105 shares of the insurance provider's stock worth $39,851,000 after buying an additional 21,332 shares in the last quarter. Finally, Alaska Permanent Fund Corp increased its position in shares of Arch Capital Group by 42.2% during the first quarter. Alaska Permanent Fund Corp now owns 54,578 shares of the insurance provider's stock valued at $5,045,000 after acquiring an additional 16,208 shares in the last quarter. Institutional investors own 89.07% of the company's stock.

Arch Capital Group Stock Performance

The company has a market capitalization of $41.11 billion, a PE ratio of 8.64, a price-to-earnings-growth ratio of 1.86 and a beta of 0.58. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.16. The business's fifty day moving average is $99.41 and its two-hundred day moving average is $95.58.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.21 by $0.36. Arch Capital Group had a return on equity of 21.42% and a net margin of 35.19%. The firm had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the prior year, the company posted $1.92 earnings per share. The company's quarterly revenue was up 10.3% on a year-over-year basis. Equities research analysts predict that Arch Capital Group Ltd. will post 9 earnings per share for the current year.

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.