JPMorgan Chase & Co. Has Lowered Expectations for Arch Capital Group (NASDAQ:ACGL) Stock Price

Arch Capital Group (NASDAQ:ACGL - Free Report) had its price target trimmed by JPMorgan Chase & Co. from $110.00 to $106.00 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has a neutral rating on the insurance provider's stock.

Several other research firms have also issued reports on ACGL. Bank of America decreased 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, November 15th. TD Cowen boosted their price objective on shares of Arch Capital Group from $116.00 to $138.00 and gave the company a "buy" rating in a report on Friday, September 20th. Wells Fargo & Company cut their target price on shares of Arch Capital Group from $118.00 to $109.00 and set an "overweight" rating on the stock in a report on Tuesday, November 19th. BMO Capital Markets boosted their price target on shares of Arch Capital Group from $98.00 to $104.00 and gave the company a "market perform" rating in a report on Wednesday, November 6th. Finally, Jefferies Financial Group raised their price objective on Arch Capital Group from $114.00 to $134.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $118.13.

Arch Capital Group Trading Up 0.0 %

Shares of ACGL traded up $0.02 on Friday, reaching $91.40. 1,624,729 shares of the company's stock were exchanged, compared to its average volume of 1,327,214. The business has a 50 day moving average price of $96.72 and a two-hundred day moving average price of $102.14. Arch Capital Group has a 12 month low of $74.85 and a 12 month high of $116.47. The stock has a market capitalization of $34.39 billion, a P/E ratio of 6.13, a price-to-earnings-growth ratio of 1.49 and a beta of 0.62. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, beating the consensus estimate of $1.94 by $0.05. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. The company had revenue of $4.72 billion during the quarter, compared to analysts' expectations of $4.05 billion. During the same quarter in the previous year, the company posted $2.31 EPS. Research analysts anticipate that Arch Capital Group will post 8.99 earnings per share for the current year.

Arch Capital Group Announces Dividend

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

Institutional Trading of Arch Capital Group

A number of institutional investors have recently made changes to their positions in ACGL. Rothschild Investment LLC acquired a new position in shares of Arch Capital Group during the 2nd quarter worth about $35,000. Oregon Public Employees Retirement Fund boosted its position in Arch Capital Group by 1.3% during the second quarter. Oregon Public Employees Retirement Fund now owns 32,127 shares of the insurance provider's stock valued at $3,241,000 after purchasing an additional 400 shares during the last quarter. Larson Financial Group LLC grew its stake in Arch Capital Group by 34.9% in the second quarter. Larson Financial Group LLC now owns 549 shares of the insurance provider's stock valued at $55,000 after purchasing an additional 142 shares in the last quarter. TD Asset Management Inc increased its position in shares of Arch Capital Group by 70.8% during the 2nd quarter. TD Asset Management Inc now owns 232,034 shares of the insurance provider's stock worth $23,410,000 after purchasing an additional 96,164 shares during the last quarter. Finally, National Bank of Canada FI raised its stake in shares of Arch Capital Group by 16.5% during the 2nd quarter. National Bank of Canada FI now owns 126,542 shares of the insurance provider's stock worth $12,736,000 after purchasing an additional 17,888 shares in the last quarter. Institutional investors own 89.07% of the company's stock.

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.