Royal Bank of Canada Cuts Arch Capital Group (NASDAQ:ACGL) Price Target to $110.00

Arch Capital Group (NASDAQ:ACGL - Get Free Report) had its price objective dropped by investment analysts at Royal Bank of Canada from $125.00 to $110.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an "outperform" rating on the insurance provider's stock. Royal Bank of Canada's target price indicates a potential upside of 24.72% from the company's previous close.

A number of other equities analysts have also commented on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Arch Capital Group from $121.00 to $120.00 and set an "outperform" rating for the company in a research note on Friday, January 10th. Bank of America lowered their price target on Arch Capital Group from $143.00 to $136.00 and set a "buy" rating on the stock in a report on Friday, November 15th. BMO Capital Markets raised their price objective on Arch Capital Group from $98.00 to $104.00 and gave the stock a "market perform" rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. lowered their price objective on shares of Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating on the stock in a research report on Friday, January 3rd. Finally, StockNews.com downgraded shares of Arch Capital Group from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $116.53.

Arch Capital Group Stock Down 2.2 %

Shares of Arch Capital Group stock traded down $1.96 during trading on Wednesday, reaching $88.20. The company had a trading volume of 1,823,977 shares, compared to its average volume of 1,882,892. The company has a market cap of $33.18 billion, a price-to-earnings ratio of 5.92, a price-to-earnings-growth ratio of 1.53 and a beta of 0.64. The firm's fifty day moving average is $92.53 and its 200-day moving average is $100.95. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58. Arch Capital Group has a fifty-two week low of $83.97 and a fifty-two week high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.90 by $0.36. 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 business earned $2.45 EPS. On average, analysts anticipate that Arch Capital Group will post 8.86 EPS for the current year.

Institutional Trading of Arch Capital Group

Several hedge funds have recently modified their holdings of ACGL. Vanguard Group Inc. grew its position in Arch Capital Group by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 41,999,603 shares of the insurance provider's stock worth $3,878,663,000 after acquiring an additional 182,150 shares during the last quarter. State Street Corp grew its holdings in shares of Arch Capital Group by 1.1% during the third quarter. State Street Corp now owns 16,587,446 shares of the insurance provider's stock worth $1,855,803,000 after purchasing an additional 172,628 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Arch Capital Group by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 11,010,756 shares of the insurance provider's stock valued at $1,014,648,000 after buying an additional 180,493 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Arch Capital Group by 10.5% in the fourth quarter. Principal Financial Group Inc. now owns 8,222,244 shares of the insurance provider's stock valued at $759,324,000 after buying an additional 783,506 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in Arch Capital Group by 4.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,350,868 shares of the insurance provider's stock worth $488,992,000 after acquiring an additional 226,617 shares during the last quarter. 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.