Royal Bank of Canada Issues Pessimistic Forecast for Arch Capital Group (NASDAQ:ACGL) Stock Price

Arch Capital Group (NASDAQ:ACGL - Free Report) had its price objective cut by Royal Bank of Canada from $128.00 to $125.00 in a report published on Friday, Benzinga reports. They currently have an outperform rating on the insurance provider's stock.

Several other equities analysts have also issued reports on ACGL. TD Cowen upped their price target on Arch Capital Group from $116.00 to $138.00 and gave the company a "buy" rating in a research note on Friday, September 20th. Bank of America lifted their price target on shares of Arch Capital Group from $119.00 to $135.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. Wells Fargo & Company raised their price objective on shares of Arch Capital Group from $110.00 to $126.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods upped their target price on shares of Arch Capital Group from $120.00 to $121.00 and gave the company an "outperform" rating in a research report on Wednesday, August 7th. Finally, Citigroup raised their price target on Arch Capital Group from $105.00 to $114.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 10th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Arch Capital Group presently has a consensus rating of "Moderate Buy" and an average price target of $120.40.

Arch Capital Group Price Performance

Shares of Arch Capital Group stock traded down $2.54 during mid-day trading on Friday, reaching $96.02. 4,006,474 shares of the stock were exchanged, compared to its average volume of 1,649,465. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.16. The company has a market cap of $36.11 billion, a price-to-earnings ratio of 6.54, a price-to-earnings-growth ratio of 1.94 and a beta of 0.59. Arch Capital Group has a fifty-two week low of $72.85 and a fifty-two week high of $116.47. The firm has a 50-day simple moving average of $110.69 and a 200 day simple moving average of $102.66.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, beating analysts' consensus estimates of $1.94 by $0.05. Arch Capital Group had a return on equity of 19.65% and a net margin of 33.86%. The firm had revenue of $4.72 billion during the quarter, compared to analysts' expectations of $4.05 billion. During the same period last year, the firm posted $2.31 EPS. On average, sell-side analysts predict that Arch Capital Group will post 9.12 EPS for the current fiscal year.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of Arch Capital Group stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $102.46, for a total value of $1,174,191.60. Following the sale, the chief financial officer now owns 221,779 shares of the company's stock, valued at $22,723,476.34. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 4.20% of the stock is owned by insiders.

Institutional Trading of Arch Capital Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. UMB Bank n.a. acquired a new position in Arch Capital Group during the second quarter worth approximately $30,000. Baldwin Brothers LLC MA increased its holdings in shares of Arch Capital Group by 50.7% during the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider's stock worth $31,000 after acquiring an additional 104 shares during the last quarter. Rothschild Investment LLC acquired a new position in shares of Arch Capital Group during the 2nd quarter worth approximately $35,000. LRI Investments LLC bought a new stake in Arch Capital Group in the 1st quarter valued at $40,000. Finally, Compagnie Lombard Odier SCmA acquired a new stake in Arch Capital Group during the 3rd quarter valued at $46,000. 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.