Arch Capital Group (ACGL) Given a $32.00 Price Target by Morgan Stanley Analysts

Arch Capital Group (NASDAQ:ACGL) received a $32.00 price target from Morgan Stanley in a research report issued on Friday, Stock Target Advisor reports. The brokerage presently has a “hold” rating on the insurance provider’s stock. Morgan Stanley’s price objective would suggest a potential downside of 5.27% from the stock’s previous close.

Several other brokerages have also recently weighed in on ACGL. BidaskClub upgraded shares of Arch Capital Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 4th. Wells Fargo & Co reiterated a “hold” rating and set a $32.00 price target on shares of Arch Capital Group in a research note on Tuesday, April 30th. Zacks Investment Research cut shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. ValuEngine upgraded shares of Arch Capital Group from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Finally, JMP Securities reiterated a “hold” rating on shares of Arch Capital Group in a research note on Sunday, February 17th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. Arch Capital Group currently has an average rating of “Hold” and an average target price of $32.67.

Shares of Arch Capital Group stock opened at $33.78 on Friday. The firm has a market cap of $13.64 billion, a PE ratio of 15.35, a price-to-earnings-growth ratio of 1.18 and a beta of 0.70. Arch Capital Group has a 1-year low of $24.79 and a 1-year high of $34.60. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.54 and a current ratio of 0.54.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Tuesday, April 30th. The insurance provider reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.05. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Arch Capital Group had a net margin of 17.93% and a return on equity of 10.24%. The company’s revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.69 EPS. As a group, equities analysts expect that Arch Capital Group will post 2.63 EPS for the current fiscal year.

In related news, insider Louis T. Petrillo sold 23,982 shares of Arch Capital Group stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $34.33, for a total transaction of $823,302.06. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Marc Grandisson sold 75,000 shares of Arch Capital Group stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $33.92, for a total transaction of $2,544,000.00. Following the transaction, the chief executive officer now owns 115,487 shares in the company, valued at approximately $3,917,319.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 243,250 shares of company stock worth $8,190,495. 5.20% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ACGL. ETF Managers Group LLC lifted its stake in Arch Capital Group by 9.9% in the 1st quarter. ETF Managers Group LLC now owns 5,017 shares of the insurance provider’s stock worth $162,000 after purchasing an additional 451 shares in the last quarter. Mycio Wealth Partners LLC lifted its stake in Arch Capital Group by 1.4% in the 4th quarter. Mycio Wealth Partners LLC now owns 36,797 shares of the insurance provider’s stock worth $983,000 after purchasing an additional 500 shares in the last quarter. Mackenzie Financial Corp lifted its stake in Arch Capital Group by 5.9% in the 4th quarter. Mackenzie Financial Corp now owns 10,044 shares of the insurance provider’s stock worth $268,000 after purchasing an additional 558 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in Arch Capital Group by 200.0% in the 1st quarter. Quadrant Capital Group LLC now owns 948 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 632 shares in the last quarter. Finally, Advisor Group Inc. lifted its stake in Arch Capital Group by 21.5% in the 1st quarter. Advisor Group Inc. now owns 3,848 shares of the insurance provider’s stock worth $125,000 after purchasing an additional 682 shares in the last quarter. Institutional investors own 81.04% of the company’s stock.

About Arch Capital Group

Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance 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.

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Analyst Recommendations for Arch Capital Group (NASDAQ:ACGL)

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