| Over a week ago | ||||
In a regulatory filing,… In a regulatory filing, Arch Capital disclosed that its CEO Marc Grandisson sold 200K shares of common stock on May 19th in a total transaction size of $15.22M. | ||||
In a regulatory filing,… In a regulatory filing, Arch Capital exec Nicolas Papadopoulo disclosed the sale of 70,000 common shares of the company on May 3 at a price of $75.4794 per share. | ||||
| Over a month ago | ||||
RBC Capital analyst Mark… RBC Capital analyst Mark Dwelle raised the firm's price target on Arch Capital to $81 from $74 and keeps an Outperform rating on the shares. The company's Q1 results saw upside with the Insurance and MI segments generating better-than-anticipated underwriting margins, the analyst tells investors in a research note. RBC expects Arch to deliver strong growth over the next few quarters while the "hard market" lasts. | ||||
Barclays raised the… Barclays raised the firm's price target on Arch Capital to $81 from $78 and keeps an Overweight rating on the shares post the Q1 results. The analyst says the company's reinsurance growth hasn't translated yet to margin expansion. | ||||
JMP Securities analyst… JMP Securities analyst Matthew Carletti raised the firm's price target on Arch Capital to $85 from $75 and keeps an Outperform rating on the shares. Arch Capital reported better than expected Q1 results, and JMP Securities believes shares deserve a premium valuation over the long term given the company's consistently strong operating results and proactive cycle management, the analyst tells investors in a research note. | ||||
Gross premiums written by… Gross premiums written by the insurance segment in the 2023 first quarter were 15.1% higher than in the 2022 first quarter, while net premiums written were 19.1% higher than in the 2022 first quarter. Growth in net premiums written reflected increases in most lines of business, due in part to new business opportunities, increases in existing accounts and rate changes. In addition, the insurance segment retained more business in the 2023 first quarter due to ongoing changes to its reinsurance programs and was impacted by changes in the mix of business. Net premiums earned in the 2023 first quarter were 22.4% higher than in the 2022 first quarter, and reflect changes in net premiums written over the previous five quarters. | ||||
Barclays analyst Tracy… Barclays analyst Tracy Benguigui raised the firm's price target on Arch Capital to $78 from $77 and keeps an Overweight rating on the shares. The analyst thinks specialty insurers will outperform standard insurers in Q1 given opportunities afforded from market dislocation. The firm is cautious on "any contrarian" who releases casualty prior year claims development prematurely and sees mixed signals behind the auto path to profitability. | ||||
Jefferies analyst Yaron… Jefferies analyst Yaron Kinar lowered the firm's price target on Arch Capital to $80 from $86 and keeps a Buy rating on the shares as part of the firm's P&C Insurance and Insurtech space preview for Q1. The firm expects Q1 industry catastrophe losses to be "in-line to slightly above" the seasonal 1Q average, or in the $10B range. | ||||
JPMorgan analyst Jimmy… JPMorgan analyst Jimmy Bhullar raised the firm's price target on Arch Capital to $62 from $58 and keeps a Neutral rating on the shares. The analyst's outlook for the property and casualty insurance sector is positive. The firm expects business trends to be "healthy overall" and expects the group to be more defensive than other financials in an economic downturn. It is most constructive on the brokerage and personal lines businesses longer term, and sees the most momentum in reinsurance in the near term. | ||||
Virtual Meeting to be… Virtual Meeting to be held with EVP Rafferty on March 23 hosted by Roth MKM. | ||||
