Arch Capital Group (NASDAQ:ACGL) Hits New 1-Year High at $113.67

Arch Capital Group Ltd. (NASDAQ:ACGL - Get Free Report) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $113.67 and last traded at $113.67, with a volume of 4733 shares traded. The stock had previously closed at $113.09.

Analysts Set New Price Targets

A number of brokerages have issued reports on ACGL. Deutsche Bank Aktiengesellschaft upped their price objective on Arch Capital Group from $110.00 to $120.00 and gave the company a "buy" rating in a research report on Monday, July 1st. StockNews.com cut shares of Arch Capital Group from a "buy" rating to a "hold" rating in a research report on Wednesday, July 31st. Roth Mkm increased their target price on shares of Arch Capital Group from $110.00 to $125.00 and gave the company a "buy" rating in a research note on Friday, August 23rd. Evercore ISI upped their price target on shares of Arch Capital Group from $100.00 to $104.00 and gave the company an "in-line" rating in a report on Wednesday, July 31st. Finally, Bank of America decreased their price objective on shares of Arch Capital Group from $119.00 to $118.00 and set a "buy" rating for the company in a research note on Thursday, July 11th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $106.50.

Arch Capital Group Price Performance

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 firm's 50-day moving average price is $100.67 and its two-hundred day moving average price is $96.74. The stock has a market cap of $42.59 billion, a PE ratio of 8.94, a PEG ratio of 2.05 and a beta of 0.58.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share for the quarter, topping analysts' consensus estimates of $2.21 by $0.36. The company had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.89 billion. Arch Capital Group had a return on equity of 21.42% and a net margin of 35.19%. Arch Capital Group's revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.92 earnings per share. On average, equities analysts expect that Arch Capital Group Ltd. will post 9.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Francois Morin sold 11,460 shares of the firm's stock in a transaction on Friday, August 16th. The stock was sold at an average price of $102.46, for a total value of $1,174,191.60. Following the completion of the sale, the chief financial officer now owns 221,779 shares of the company's stock, valued at approximately $22,723,476.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.20% of the stock is currently owned by company insiders.

Institutional Trading of Arch Capital Group

Several large investors have recently bought and sold shares of the stock. UMB Bank n.a. acquired a new position in Arch Capital Group in the second quarter valued at approximately $30,000. Baldwin Brothers LLC MA increased its holdings in Arch Capital Group by 50.7% in the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider's stock worth $31,000 after acquiring an additional 104 shares in the last quarter. Richardson Financial Services Inc. purchased a new stake in Arch Capital Group in the 4th quarter worth $33,000. Rothschild Investment LLC purchased a new position in Arch Capital Group during the second quarter valued at $35,000. Finally, LRI Investments LLC acquired a new stake in shares of Arch Capital Group in the first quarter valued at about $38,000. Hedge funds and other 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.