Arch Capital Group (NASDAQ:ACGL) Sets New 1-Year High at $114.69

Arch Capital Group Ltd. (NASDAQ:ACGL - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $114.69 and last traded at $113.91, with a volume of 24934 shares changing hands. The stock had previously closed at $114.22.

Wall Street Analysts Forecast Growth

ACGL has been the subject of several analyst reports. Citigroup boosted their target price on Arch Capital Group from $105.00 to $114.00 and gave the stock a "neutral" rating in a report on Tuesday, September 10th. JMP Securities lifted their target price on shares of Arch Capital Group from $110.00 to $115.00 and gave the stock a "market outperform" rating in a report on Wednesday, July 31st. Roth Mkm upped their price target on shares of Arch Capital Group from $110.00 to $125.00 and gave the company a "buy" rating in a report on Friday, August 23rd. StockNews.com lowered Arch Capital Group from a "buy" rating to a "hold" rating in a research note on Wednesday, July 31st. Finally, Wells Fargo & Company reduced their price objective on Arch Capital Group from $111.00 to $110.00 and set an "overweight" rating for the company in a research report on Monday, August 12th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $110.93.

Arch Capital Group Stock Performance

The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market capitalization of $42.86 billion, a P/E ratio of 8.99, a price-to-earnings-growth ratio of 2.00 and a beta of 0.60. The firm has a 50 day moving average price of $102.90 and a two-hundred day moving average price of $98.33.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $3.78 billion during the quarter, compared to analysts' expectations of $3.89 billion. During the same period last year, the business earned $1.92 earnings per share. The business's revenue was up 10.3% on a year-over-year basis. On average, research analysts expect that Arch Capital Group Ltd. will post 9.01 earnings per share for the current fiscal year.

Insider Activity at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of the business'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 transaction, the chief financial officer now owns 221,779 shares of the company's stock, valued at $22,723,476.34. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 4.20% of the company's stock.

Institutional Trading of Arch Capital Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. UMB Bank n.a. bought a new stake in shares of Arch Capital Group during the second quarter worth approximately $30,000. Baldwin Brothers LLC MA boosted its position in shares of 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 purchasing an additional 104 shares during the last quarter. Richardson Financial Services Inc. acquired a new stake in shares of Arch Capital Group during the fourth quarter worth $33,000. Rothschild Investment LLC bought a new stake in Arch Capital Group in the second quarter valued at about $35,000. Finally, LRI Investments LLC acquired a new position in Arch Capital Group in the first quarter valued at about $38,000. Institutional investors and hedge funds 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.