Arch Capital Group (NASDAQ:ACGL) Coverage Initiated by Analysts at BMO Capital Markets

Equities researchers at BMO Capital Markets started coverage on shares of Arch Capital Group (NASDAQ:ACGL – Get Rating) in a report released on Thursday, MarketBeat.com reports. The firm set a “market perform” rating and a $65.00 price target on the insurance provider’s stock. BMO Capital Markets’ price objective indicates a potential upside of 4.07% from the company’s previous close.

A number of other analysts also recently weighed in on the stock. StockNews.com downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Friday, November 4th. Morgan Stanley boosted their target price on shares of Arch Capital Group from $52.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 22nd. JMP Securities increased their price target on shares of Arch Capital Group from $55.00 to $70.00 and gave the stock a “market outperform” rating in a research report on Tuesday. Wells Fargo & Company upped their price objective on Arch Capital Group from $67.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Jefferies Financial Group decreased their target price on Arch Capital Group from $57.00 to $56.00 and set a “buy” rating for the company in a research report on Friday, October 7th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $64.50.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $62.46 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.59 and a quick ratio of 0.59. The company’s fifty day moving average price is $60.96 and its two-hundred day moving average price is $51.92. The firm has a market capitalization of $23.10 billion, a P/E ratio of 20.02, a P/E/G ratio of 1.14 and a beta of 0.76. Arch Capital Group has a 12 month low of $41.05 and a 12 month high of $64.37.

Arch Capital Group (NASDAQ:ACGL – Get Rating) last released its quarterly earnings results on Wednesday, October 26th. The insurance provider reported $0.28 EPS for the quarter, topping the consensus estimate of $0.24 by $0.04. The business had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.45 billion. Arch Capital Group had a return on equity of 13.16% and a net margin of 13.89%. The company’s revenue was up 31.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.74 earnings per share. On average, research analysts anticipate that Arch Capital Group will post 4.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Arch Capital Group news, CEO Maamoun Rajeh sold 50,000 shares of the firm’s stock in a transaction on Monday, October 31st. The stock was sold at an average price of $57.09, for a total value of $2,854,500.00. Following the sale, the chief executive officer now directly owns 362,990 shares in the company, valued at $20,723,099.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Arch Capital Group news, Director Brian S. Posner bought 2,000 shares of the stock in a transaction that occurred on Friday, October 28th. The shares were purchased at an average cost of $17.60 per share, for a total transaction of $35,200.00. Following the transaction, the director now directly owns 4,000 shares in the company, valued at $70,400. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Maamoun Rajeh sold 50,000 shares of Arch Capital Group stock in a transaction on Monday, October 31st. The shares were sold at an average price of $57.09, for a total value of $2,854,500.00. Following the sale, the chief executive officer now directly owns 362,990 shares in the company, valued at approximately $20,723,099.10. The disclosure for this sale can be found here. 4.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Arch Capital Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Accurate Wealth Management LLC acquired a new position in Arch Capital Group during the 4th quarter valued at about $30,000. CENTRAL TRUST Co increased its stake in shares of Arch Capital Group by 57.3% during the third quarter. CENTRAL TRUST Co now owns 692 shares of the insurance provider’s stock valued at $32,000 after acquiring an additional 252 shares during the period. Heritage Wealth Management LLC bought a new stake in Arch Capital Group during the second quarter worth approximately $34,000. James Investment Research Inc. acquired a new stake in Arch Capital Group in the second quarter worth approximately $34,000. Finally, Private Trust Co. NA bought a new position in Arch Capital Group during the 2nd quarter valued at $36,000. 88.78% of the stock is currently owned by institutional investors.

About Arch Capital Group

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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; collateral protection, debt cancellation, and service contract reimbursement products; 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.