Arch Capital Group (NASDAQ:ACGL) Price Target Cut to $106.00 by Analysts at Wells Fargo & Company

Arch Capital Group (NASDAQ:ACGL) had its target price cut by Wells Fargo & Company from $107.00 to $106.00 in a research note published on Wednesday morning,Benzinga reports. They currently have an overweight rating on the insurance provider’s stock.

Several other analysts have also recently weighed in on the stock. JMP Securities reiterated a “market outperform” rating and issued a $125.00 price target on shares of Arch Capital Group in a report on Tuesday. JPMorgan Chase & Co. cut their target price on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Bank of America reduced their price target on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Royal Bank of Canada lowered their price objective on shares of Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, Keefe, Bruyette & Woods reduced their target price on Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $116.93.

Arch Capital Group Stock Performance

Arch Capital Group stock opened at $88.26 on Wednesday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17. The firm has a market cap of $33.21 billion, a P/E ratio of 5.92, a P/E/G ratio of 1.53 and a beta of 0.64. Arch Capital Group has a 1-year low of $83.12 and a 1-year high of $116.47. The firm has a 50-day moving average of $92.89 and a 200-day moving average of $101.06.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.36. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same period in the previous year, the company posted $2.45 earnings per share. Sell-side analysts expect that Arch Capital Group will post 8.86 EPS for the current year.

Institutional Investors Weigh In On Arch Capital Group

Institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP bought a new position in Arch Capital Group in the 3rd quarter worth about $25,000. Cullen Frost Bankers Inc. purchased a new position in Arch Capital Group in the fourth quarter worth about $37,000. Golden State Wealth Management LLC bought a new position in shares of Arch Capital Group in the fourth quarter worth approximately $42,000. Y.D. More Investments Ltd grew its holdings in shares of Arch Capital Group by 125.6% during the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock valued at $43,000 after buying an additional 260 shares during the last quarter. Finally, Asset Dedication LLC increased its position in shares of Arch Capital Group by 188.1% during the third quarter. Asset Dedication LLC now owns 435 shares of the insurance provider’s stock valued at $49,000 after acquiring an additional 284 shares in the last quarter. 89.07% of the stock is owned by hedge funds and other 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; 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.