Bank of America Lowers Arch Capital Group (NASDAQ:ACGL) Price Target to $136.00

Arch Capital Group (NASDAQ:ACGL - Get Free Report) had its target price reduced by stock analysts at Bank of America from $143.00 to $136.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the insurance provider's stock. Bank of America's price objective points to a potential upside of 33.56% from the stock's previous close.

Several other research firms also recently commented on ACGL. Citigroup lifted their price objective on Arch Capital Group from $105.00 to $114.00 and gave the stock a "neutral" rating in a report on Tuesday, September 10th. Jefferies Financial Group upped their target price on Arch Capital Group from $114.00 to $134.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Royal Bank of Canada decreased their price objective on Arch Capital Group from $128.00 to $125.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. Wells Fargo & Company reduced their target price on Arch Capital Group from $126.00 to $118.00 and set an "overweight" rating on the stock in a research report on Monday, November 4th. Finally, Barclays assumed coverage on Arch Capital Group in a report on Wednesday, September 4th. They issued an "equal weight" rating and a $120.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $118.94.

Arch Capital Group Stock Up 1.8 %

Shares of NASDAQ ACGL traded up $1.78 during trading on Friday, hitting $101.83. The stock had a trading volume of 2,726,369 shares, compared to its average volume of 1,676,880. Arch Capital Group has a 12 month low of $72.85 and a 12 month high of $116.47. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market capitalization of $38.31 billion, a PE ratio of 6.71, a PEG ratio of 1.46 and a beta of 0.61. The firm has a fifty day moving average of $108.21 and a two-hundred day moving average of $103.17.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.05. The firm had revenue of $4.72 billion for the quarter, compared to analysts' expectations 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 prior year, the business posted $2.31 earnings per share. As a group, equities research analysts forecast that Arch Capital Group will post 9.02 EPS for the current fiscal year.

Institutional Trading of Arch Capital Group

Large investors have recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. grew its stake in shares of Arch Capital Group by 14.0% during the first quarter. Avantax Advisory Services Inc. now owns 8,534 shares of the insurance provider's stock valued at $789,000 after purchasing an additional 1,045 shares during the last quarter. Blair William & Co. IL boosted its stake in Arch Capital Group by 6.9% in the first quarter. Blair William & Co. IL now owns 4,414 shares of the insurance provider's stock valued at $408,000 after acquiring an additional 286 shares during the last quarter. Jupiter Asset Management Ltd. boosted its stake in Arch Capital Group by 16.4% in the first quarter. Jupiter Asset Management Ltd. now owns 204,027 shares of the insurance provider's stock valued at $18,860,000 after acquiring an additional 28,743 shares during the last quarter. Nicolet Advisory Services LLC boosted its stake in Arch Capital Group by 7.5% in the first quarter. Nicolet Advisory Services LLC now owns 5,458 shares of the insurance provider's stock valued at $498,000 after acquiring an additional 382 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Arch Capital Group by 0.3% in the first quarter. Vanguard Group Inc. now owns 40,858,890 shares of the insurance provider's stock valued at $3,776,996,000 after acquiring an additional 104,008 shares during the last quarter. 89.07% of the stock is owned by institutional investors.

About Arch Capital Group

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.