Wells Fargo & Company Lowers Arch Capital Group (NASDAQ:ACGL) Price Target to $109.00

Arch Capital Group (NASDAQ:ACGL - Free Report) had its price objective cut by Wells Fargo & Company from $118.00 to $109.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an overweight rating on the insurance provider's stock.

Several other equities analysts also recently commented on the company. JPMorgan Chase & Co. boosted their price objective on Arch Capital Group from $108.00 to $110.00 and gave the company a "neutral" rating in a research report on Thursday, October 10th. Bank of America dropped their target price on Arch Capital Group from $143.00 to $136.00 and set a "buy" rating for the company in a research report on Friday. Keefe, Bruyette & Woods boosted their price target on Arch Capital Group from $120.00 to $121.00 and gave the company an "outperform" rating in a report on Wednesday, August 7th. Citigroup boosted their price target on Arch Capital Group from $105.00 to $114.00 and gave the company a "neutral" rating in a report on Tuesday, September 10th. Finally, Evercore ISI upped their target price on Arch Capital Group from $104.00 to $107.00 and gave the stock an "in-line" rating in a report on Wednesday, October 9th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Arch Capital Group presently has an average rating of "Moderate Buy" and an average target price of $118.38.

Arch Capital Group Trading Down 1.3 %

Shares of NASDAQ ACGL traded down $1.29 during midday trading on Tuesday, reaching $95.69. The company had a trading volume of 1,554,552 shares, compared to its average volume of 1,678,921. Arch Capital Group has a one year low of $72.85 and a one year high of $116.47. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. The firm's fifty day moving average price is $107.43 and its 200-day moving average price is $103.39. The stock has a market cap of $36.00 billion, a PE ratio of 6.42, a price-to-earnings-growth ratio of 1.47 and a beta of 0.61.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, topping analysts' consensus estimates of $1.94 by $0.05. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. The firm had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the prior year, the business earned $2.31 EPS. On average, equities research analysts anticipate that Arch Capital Group will post 9.01 earnings per share for the current year.

Arch Capital Group Announces Dividend

The firm also recently announced a special dividend, which will be paid on Wednesday, December 4th. Investors of record on Monday, November 18th will be paid a dividend of $5.00 per share. The ex-dividend date of this dividend is Monday, November 18th.

Hedge Funds Weigh In On Arch Capital Group

Large investors have recently bought and sold shares of the business. Sequoia Financial Advisors LLC lifted its stake in Arch Capital Group by 2.6% during the second quarter. Sequoia Financial Advisors LLC now owns 20,871 shares of the insurance provider's stock worth $2,106,000 after purchasing an additional 519 shares in the last quarter. Cetera Advisors LLC lifted its position in shares of Arch Capital Group by 70.9% during the 1st quarter. Cetera Advisors LLC now owns 13,700 shares of the insurance provider's stock valued at $1,266,000 after acquiring an additional 5,684 shares during the period. Swedbank AB acquired a new position in shares of Arch Capital Group during the 1st quarter worth approximately $25,060,000. Price T Rowe Associates Inc. MD grew its stake in Arch Capital Group by 0.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,052,549 shares of the insurance provider's stock worth $97,299,000 after acquiring an additional 7,109 shares during the period. Finally, Signaturefd LLC grew its stake in shares of Arch Capital Group by 6.8% during the 3rd quarter. Signaturefd LLC now owns 2,952 shares of the insurance provider's stock valued at $330,000 after buying an additional 187 shares during the period. Institutional investors and hedge funds own 89.07% of the company's stock.

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.