Barclays Cuts Arch Capital Group (NASDAQ:ACGL) Price Target to $100.00

Arch Capital Group (NASDAQ:ACGL - Free Report) had its target price trimmed by Barclays from $120.00 to $100.00 in a research note published on Monday morning,Benzinga reports. The firm currently has an equal weight rating on the insurance provider's stock.

ACGL has been the topic of a number of other reports. Citigroup lifted their price objective on shares of Arch Capital Group from $105.00 to $114.00 and gave the stock a "neutral" rating in a report on Tuesday, September 10th. Royal Bank of Canada cut their price target on shares of Arch Capital Group from $128.00 to $125.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. Evercore ISI lifted their target price on shares of Arch Capital Group from $104.00 to $107.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. cut their target price on Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating on the stock in a research note on Friday. Finally, TD Cowen lifted their price target 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 eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Arch Capital Group has an average rating of "Moderate Buy" and an average target price of $116.88.

Arch Capital Group Stock Down 0.7 %

Shares of NASDAQ:ACGL traded down $0.66 during midday trading on Monday, hitting $90.74. 1,790,954 shares of the company's stock were exchanged, compared to its average volume of 1,481,785. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58. Arch Capital Group has a 12 month low of $74.85 and a 12 month high of $116.47. The company has a market cap of $34.14 billion, a PE ratio of 6.09, a price-to-earnings-growth ratio of 1.49 and a beta of 0.64. The stock has a 50 day moving average price of $96.42 and a 200-day moving average price of $102.08.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, topping analysts' consensus estimates of $1.94 by $0.05. The firm 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 posted $2.31 EPS. On average, sell-side analysts anticipate that Arch Capital Group will post 8.99 EPS for the current fiscal year.

Arch Capital Group Dividend Announcement

The firm also recently announced a special dividend, which was paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th were issued a dividend of $5.00 per share. The ex-dividend date of this dividend was Monday, November 18th.

Hedge Funds Weigh In On Arch Capital Group

Large investors have recently made changes to their positions in the stock. Quantbot Technologies LP bought a new position in Arch Capital Group in the 3rd quarter worth about $25,000. Compagnie Lombard Odier SCmA bought a new position in shares of Arch Capital Group in the third quarter valued at approximately $46,000. UMB Bank n.a. boosted its position in shares of Arch Capital Group by 41.9% in the third quarter. UMB Bank n.a. now owns 427 shares of the insurance provider's stock valued at $48,000 after acquiring an additional 126 shares during the period. Asset Dedication LLC lifted its stake in Arch Capital Group by 188.1% in the 3rd quarter. Asset Dedication LLC now owns 435 shares of the insurance provider's stock worth $49,000 after purchasing an additional 284 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in Arch Capital Group in the 3rd quarter valued at $50,000. 89.07% of the stock is 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.