JMP Securities Reiterates Market Outperform Rating for Arch Capital Group (NASDAQ:ACGL)

Arch Capital Group (NASDAQ:ACGL)‘s stock had its “market outperform” rating reissued by equities researchers at JMP Securities in a research report issued on Tuesday,Benzinga reports. They currently have a $125.00 target price on the insurance provider’s stock. JMP Securities’ price target would suggest a potential upside of 41.63% from the stock’s current price.

Several other brokerages have also issued reports on ACGL. Royal Bank of Canada reduced their price objective on shares of Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Barclays lowered their price objective on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. lowered their price target on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Wells Fargo & Company lowered their price target 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, Bank of America lowered their price target 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. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Arch Capital Group has a consensus rating of “Moderate Buy” and an average target price of $116.93.

Arch Capital Group Stock Down 1.5 %

NASDAQ ACGL opened at $88.26 on Tuesday. Arch Capital Group has a 52 week low of $83.12 and a 52 week high of $116.47. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. The business’s fifty day simple moving average is $92.89 and its 200-day simple moving average is $101.06. The firm has a market cap of $33.21 billion, a PE ratio of 5.92, a P/E/G ratio of 1.53 and a beta of 0.64.

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

Institutional Trading of Arch Capital Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ACGL. Farther Finance Advisors LLC lifted its stake in shares of Arch Capital Group by 12.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider’s stock valued at $100,000 after purchasing an additional 101 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Arch Capital Group by 0.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 32,147 shares of the insurance provider’s stock valued at $2,969,000 after purchasing an additional 110 shares in the last quarter. KG&L Capital Management LLC lifted its stake in shares of Arch Capital Group by 1.1% in the 3rd quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider’s stock valued at $1,214,000 after purchasing an additional 115 shares in the last quarter. Marks Group Wealth Management Inc lifted its stake in shares of Arch Capital Group by 4.2% in the 3rd quarter. Marks Group Wealth Management Inc now owns 2,884 shares of the insurance provider’s stock valued at $323,000 after purchasing an additional 115 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of Arch Capital Group by 1.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,878 shares of the insurance provider’s stock valued at $993,000 after purchasing an additional 116 shares in the last quarter. 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.