Wells Fargo & Company Lowers Arch Capital Group (NASDAQ:ACGL) Price Target to $107.00

Arch Capital Group (NASDAQ:ACGL) had its target price dropped by equities research analysts at Wells Fargo & Company from $109.00 to $107.00 in a report released on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the insurance provider’s stock. Wells Fargo & Company‘s price target points to a potential upside of 18.66% from the stock’s previous close.

ACGL has been the subject of several other reports. Barclays reduced their price target on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Bank of America reduced their target price on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a report on Friday, November 15th. Royal Bank of Canada reduced their target price on Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating for the company in a report on Friday, November 1st. BMO Capital Markets boosted their target price on Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a report on Wednesday, November 6th. Finally, TD Cowen boosted their target price on Arch Capital Group from $116.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Arch Capital Group currently has an average rating of “Moderate Buy” and a consensus target price of $118.00.

Arch Capital Group Stock Down 0.7 %

Shares of Arch Capital Group stock traded down $0.66 during trading on Tuesday, hitting $90.17. 66,054 shares of the stock traded hands, compared to its average volume of 1,590,177. The stock has a market cap of $33.93 billion, a P/E ratio of 6.05, a PEG ratio of 1.49 and a beta of 0.64. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58. Arch Capital Group has a twelve month low of $77.53 and a twelve month high of $116.47. The company has a fifty day moving average price of $95.60 and a two-hundred day moving average price of $101.73.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.05. The business had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.05 billion. 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 earned $2.31 EPS. Equities research analysts predict that Arch Capital Group will post 8.99 EPS for the current fiscal year.

Institutional Trading of Arch Capital Group

Institutional investors and hedge funds have recently modified their holdings of the company. Quantbot Technologies LP bought a new stake in shares of Arch Capital Group during the third quarter valued at approximately $25,000. Compagnie Lombard Odier SCmA bought a new stake in shares of Arch Capital Group during the third quarter valued at approximately $46,000. UMB Bank n.a. increased its position in shares of Arch Capital Group by 41.9% during the third quarter. UMB Bank n.a. now owns 427 shares of the insurance provider’s stock valued at $48,000 after purchasing an additional 126 shares during the period. 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 purchasing an additional 284 shares during the period. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Arch Capital Group during the third quarter valued at approximately $50,000. 89.07% 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; 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.