Arch Capital Group (NASDAQ:ACGL) Price Target Raised to $114.00 at Citigroup

Arch Capital Group (NASDAQ:ACGL - Get Free Report) had its price target raised by investment analysts at Citigroup from $105.00 to $114.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has a "neutral" rating on the insurance provider's stock. Citigroup's target price points to a potential upside of 2.44% from the stock's previous close.

Other research analysts have also issued research reports about the stock. StockNews.com lowered shares of Arch Capital Group from a "buy" rating to a "hold" rating in a research report on Wednesday, July 31st. Bank of America dropped their price objective on Arch Capital Group from $119.00 to $118.00 and set a "buy" rating for the company in a report on Thursday, July 11th. Roth Mkm increased their target price on Arch Capital Group from $110.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, August 23rd. JMP Securities boosted their price target on Arch Capital Group from $110.00 to $115.00 and gave the company a "market outperform" rating in a research note on Wednesday, July 31st. Finally, Wells Fargo & Company cut their price objective on shares of 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 equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, Arch Capital Group currently has an average rating of "Moderate Buy" and a consensus target price of $110.93.

Arch Capital Group Stock Performance

ACGL stock traded down $0.45 during trading hours on Tuesday, reaching $111.28. The stock had a trading volume of 1,118,081 shares, compared to its average volume of 1,623,689. The stock has a 50-day simple moving average of $101.81 and a 200 day simple moving average of $97.66. Arch Capital Group has a fifty-two week low of $72.85 and a fifty-two week high of $114.65. The stock has a market capitalization of $41.78 billion, a PE ratio of 8.78, a price-to-earnings-growth ratio of 2.00 and a beta of 0.59. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.60 and a quick ratio of 0.60.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its earnings results on Tuesday, July 30th. The insurance provider reported $2.57 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $3.89 billion. During the same period in the previous year, the company posted $1.92 EPS. The firm's revenue for the quarter was up 10.3% compared to the same quarter last year. Analysts predict that Arch Capital Group will post 9.01 EPS for the current fiscal year.

Insiders Place Their Bets

In related 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 transaction of $1,174,191.60. Following 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 document filed with the SEC, which is available at this hyperlink. Insiders own 4.20% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. UMB Bank n.a. bought a new position in shares of Arch Capital Group during the second quarter valued at $30,000. Baldwin Brothers LLC MA lifted its holdings in Arch Capital Group by 50.7% during the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider's stock worth $31,000 after buying an additional 104 shares during the period. Rothschild Investment LLC bought a new stake in shares of Arch Capital Group in the 2nd quarter valued at about $35,000. LRI Investments LLC bought a new stake in shares of Arch Capital Group in the 1st quarter valued at about $40,000. Finally, Richardson Financial Services Inc. acquired a new stake in shares of Arch Capital Group in the fourth quarter valued at about $33,000. Institutional investors 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.