Deutsche Bank Aktiengesellschaft began coverage on shares of Arch Capital Group (NASDAQ:ACGL – Free Report) in a research report report published on Wednesday, MarketBeat.com reports. The firm issued a buy rating and a $81.00 target price on the insurance provider’s stock.
A number of other equities analysts have also recently issued reports on the company. The Goldman Sachs Group initiated coverage on Arch Capital Group in a report on Friday, September 8th. They issued a neutral rating and a $80.00 target price for the company. JMP Securities increased their target price on Arch Capital Group from $85.00 to $90.00 in a report on Thursday, July 27th. Barclays increased their target price on Arch Capital Group from $83.00 to $92.00 and gave the stock an overweight rating in a report on Friday, July 28th. Wells Fargo & Company raised their price target on Arch Capital Group from $90.00 to $92.00 and gave the company an overweight rating in a report on Friday, July 28th. Finally, JPMorgan Chase & Co. raised their price target on Arch Capital Group from $75.00 to $82.00 and gave the company a neutral rating in a report on Thursday, July 27th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $83.67.
View Our Latest Research Report on ACGL
Arch Capital Group Price Performance
Arch Capital Group (NASDAQ:ACGL – Get Free Report) last announced its quarterly earnings data on Thursday, July 27th. The insurance provider reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.27. Arch Capital Group had a return on equity of 18.57% and a net margin of 19.31%. The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter last year, the company earned $1.34 EPS. The company’s quarterly revenue was up 27.7% on a year-over-year basis. As a group, equities analysts expect that Arch Capital Group will post 6.75 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in ACGL. City State Bank bought a new position in Arch Capital Group during the second quarter worth about $30,000. CENTRAL TRUST Co lifted its holdings in shares of Arch Capital Group by 57.3% in the third quarter. CENTRAL TRUST Co now owns 692 shares of the insurance provider’s stock valued at $32,000 after purchasing an additional 252 shares in the last quarter. First Horizon Advisors Inc. boosted its position in shares of Arch Capital Group by 151.0% during the first quarter. First Horizon Advisors Inc. now owns 497 shares of the insurance provider’s stock worth $34,000 after buying an additional 299 shares during the period. Massmutual Trust Co. FSB ADV boosted its position in shares of Arch Capital Group by 140.0% during the second quarter. Massmutual Trust Co. FSB ADV now owns 516 shares of the insurance provider’s stock worth $39,000 after buying an additional 301 shares during the period. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of Arch Capital Group during the second quarter worth about $47,000. 87.21% of the stock is currently owned by institutional investors.
Arch Capital Group Company Profile
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.
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