Wells Fargo & Company Lowers Arch Capital Group (NASDAQ:ACGL) Price Target to $118.00

Arch Capital Group (NASDAQ:ACGL - Free Report) had its price objective decreased by Wells Fargo & Company from $126.00 to $118.00 in a research note issued to investors on Monday, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the insurance provider's stock.

A number of other analysts have also recently issued reports on the company. Evercore ISI raised their price objective on Arch Capital Group from $104.00 to $107.00 and gave the company an "in-line" rating in a research report on Wednesday, October 9th. 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 research report on Tuesday, September 10th. JPMorgan Chase & Co. increased their price objective on shares of Arch Capital Group from $108.00 to $110.00 and gave the company a "neutral" rating in a research report on Thursday, October 10th. Royal Bank of Canada decreased 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 research note on Friday. Finally, JMP Securities raised their price objective on shares of Arch Capital Group from $115.00 to $125.00 and gave the stock a "market outperform" rating in a research report on Tuesday, October 15th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $119.87.

Arch Capital Group Stock Down 1.1 %

Shares of Arch Capital Group stock traded down $1.02 during trading hours on Monday, reaching $95.00. 2,277,683 shares of the company's stock were exchanged, compared to its average volume of 1,652,488. The company has a current ratio of 0.58, a quick ratio of 0.60 and a debt-to-equity ratio of 0.17. The company has a 50 day moving average of $110.43 and a two-hundred day moving average of $102.87. The stock has a market cap of $35.73 billion, a P/E ratio of 6.38, a P/E/G ratio of 1.83 and a beta of 0.61. Arch Capital Group has a fifty-two week low of $72.85 and a fifty-two week high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $4.72 billion during the quarter, compared to analysts' expectations of $4.05 billion. During the same quarter last year, the company posted $2.31 earnings per share. On average, sell-side analysts forecast that Arch Capital Group will post 9.05 EPS for the current fiscal year.

Insider Transactions at Arch Capital Group

In related news, CFO Francois Morin sold 11,460 shares of the business's stock in a transaction on Friday, August 16th. The shares were sold at an average price of $102.46, for a total value of $1,174,191.60. Following the transaction, the chief financial officer now owns 221,779 shares in the company, valued at $22,723,476.34. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 4.20% of the company's stock.

Institutional Trading of Arch Capital Group

Large investors have recently modified their holdings of the stock. Capital International Investors grew its holdings in Arch Capital Group by 61.1% in the first quarter. Capital International Investors now owns 4,112,577 shares of the insurance provider's stock worth $380,167,000 after purchasing an additional 1,560,173 shares during the period. National Pension Service bought a new position in Arch Capital Group in the third quarter worth approximately $64,271,000. International Assets Investment Management LLC grew its stake in Arch Capital Group by 18,634.1% in the third quarter. International Assets Investment Management LLC now owns 551,345 shares of the insurance provider's stock valued at $616,840,000 after acquiring an additional 548,402 shares during the period. Brandes Investment Partners LP bought a new stake in shares of Arch Capital Group during the second quarter valued at approximately $48,119,000. Finally, Natixis Advisors LLC raised its position in shares of Arch Capital Group by 59.1% during the second quarter. Natixis Advisors LLC now owns 1,139,480 shares of the insurance provider's stock worth $114,962,000 after purchasing an additional 423,406 shares during the period. Institutional investors and hedge funds 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.