Arch Capital Group’s (ACGL) Market Outperform Rating Reaffirmed at JMP Securities

Arch Capital Group (NASDAQ:ACGL)‘s stock had its “market outperform” rating reissued by stock analysts at JMP Securities in a report released on Tuesday,Benzinga reports. They currently have a $125.00 target price on the insurance provider’s stock. JMP Securities’ price target suggests a potential upside of 41.63% from the company’s previous close.

ACGL has been the subject of several other research reports. Keefe, Bruyette & Woods decreased their price target on Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. BMO Capital Markets increased their price target on Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 6th. Bank of America cut their price objective on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a report on Friday, November 15th. Wells Fargo & Company cut their price objective on Arch Capital Group from $109.00 to $107.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Finally, Royal Bank of Canada cut their price objective on Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $116.93.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL opened at $88.26 on Tuesday. Arch Capital Group has a twelve month low of $83.12 and a twelve month high of $116.47. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $33.21 billion, a price-to-earnings ratio of 5.92, a price-to-earnings-growth ratio of 1.53 and a beta of 0.64. The business has a 50 day simple moving average of $92.89 and a 200-day simple moving average of $101.06.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same quarter in the prior year, the company posted $2.45 earnings per share. As a group, equities research analysts expect that Arch Capital Group will post 8.86 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ACGL. Norges Bank acquired a new position in Arch Capital Group in the 4th quarter worth about $437,291,000. Madison Investment Advisors LLC acquired a new position in shares of Arch Capital Group during the 4th quarter valued at about $410,010,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Arch Capital Group by 245.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,739 shares of the insurance provider’s stock valued at $341,652,000 after acquiring an additional 2,168,897 shares during the last quarter. Swedbank AB increased its holdings in shares of Arch Capital Group by 268.8% during the 4th quarter. Swedbank AB now owns 1,261,957 shares of the insurance provider’s stock valued at $116,542,000 after acquiring an additional 919,793 shares during the last quarter. Finally, Egerton Capital UK LLP increased its holdings in shares of Arch Capital Group by 25.8% during the 4th quarter. Egerton Capital UK LLP now owns 3,987,972 shares of the insurance provider’s stock valued at $368,289,000 after acquiring an additional 816,750 shares during the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

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.