Deutsche Bank Aktiengesellschaft Raises Arch Capital Group (NASDAQ:ACGL) Price Target to $120.00

Arch Capital Group (NASDAQ:ACGL) had its price target hoisted by research analysts at Deutsche Bank Aktiengesellschaft from $110.00 to $120.00 in a report issued on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the insurance provider’s stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 18.42% from the company’s current price.

Other analysts also recently issued research reports about the stock. Wells Fargo & Company raised their price target on shares of Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. StockNews.com lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Wednesday, June 26th. JMP Securities lifted their price target on shares of Arch Capital Group from $100.00 to $110.00 and gave the company a “market outperform” rating in a report on Tuesday, April 30th. Morgan Stanley upped their target price on Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Finally, Evercore ISI upped their price objective on Arch Capital Group from $98.00 to $100.00 and gave the stock an “in-line” rating in a research note on Tuesday, April 30th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Arch Capital Group currently has an average rating of “Moderate Buy” and a consensus target price of $102.00.

Arch Capital Group Trading Up 0.4 %

NASDAQ:ACGL traded up $0.44 on Monday, hitting $101.33. 196,044 shares of the stock were exchanged, compared to its average volume of 1,726,448. Arch Capital Group has a fifty-two week low of $72.33 and a fifty-two week high of $103.79. The stock has a fifty day moving average of $99.07 and a 200-day moving average of $89.48. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.17. The stock has a market cap of $38.05 billion, a PE ratio of 7.97, a PEG ratio of 1.73 and a beta of 0.58.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Monday, April 29th. The insurance provider reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.39. Arch Capital Group had a net margin of 33.65% and a return on equity of 21.85%. The firm had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same period in the prior year, the company earned $1.73 EPS. The firm’s revenue was up 19.3% on a year-over-year basis. As a group, equities analysts expect that Arch Capital Group will post 8.55 earnings per share for the current fiscal year.

Insider Activity at Arch Capital Group

In other news, CEO David Gansberg sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $96.64, for a total transaction of $966,400.00. Following the completion of the sale, the chief executive officer now owns 228,035 shares of the company’s stock, valued at $22,037,302.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 4.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Assenagon Asset Management S.A. grew its position in shares of Arch Capital Group by 0.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 33,283 shares of the insurance provider’s stock worth $3,077,000 after buying an additional 117 shares during the period. Sunbelt Securities Inc. grew its stake in Arch Capital Group by 1.8% in the first quarter. Sunbelt Securities Inc. now owns 6,679 shares of the insurance provider’s stock valued at $617,000 after acquiring an additional 117 shares during the period. Resonant Capital Advisors LLC lifted its stake in Arch Capital Group by 2.1% in the first quarter. Resonant Capital Advisors LLC now owns 5,802 shares of the insurance provider’s stock valued at $536,000 after buying an additional 118 shares in the last quarter. Petra Financial Advisors Inc. raised its holdings in shares of Arch Capital Group by 1.2% during the first quarter. Petra Financial Advisors Inc. now owns 10,574 shares of the insurance provider’s stock worth $977,000 after acquiring an additional 129 shares during the period. Finally, Headlands Technologies LLC lifted its position in Arch Capital Group by 1.1% in the 1st quarter. Headlands Technologies LLC now owns 12,538 shares of the insurance provider’s stock valued at $1,159,000 after acquiring an additional 141 shares in the last quarter. 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.