Arch Capital Group (ACGL) Receives a Hold from Morgan Stanley

In a report released on April 6, Bob Huang from Morgan Stanley maintained a Hold rating on Arch Capital Group, with a price target of $110.00. The company’s shares closed yesterday at $96.79.

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According to TipRanks, Huang is an analyst with an average return of -6.7% and a 41.13% success rate. Huang covers the Financial sector, focusing on stocks such as Progressive, Prudential Financial, and Voya Financial.

Arch Capital Group has an analyst consensus of Moderate Buy, with a price target consensus of $108.31, representing an 11.90% upside. In a report released today, Barclays also maintained a Hold rating on the stock with a $106.00 price target.

Based on Arch Capital Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.39 billion and a net profit of $1.24 billion. In comparison, last year the company earned a revenue of $5.02 billion and had a net profit of $935 million

Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ACGL in relation to earlier this year. Last month, Nicolas Papadopoulo, the CEO of ACGL sold 21,930.00 shares for a total of $2,111,859.00.