Wells Fargo & Company Has Lowered Expectations for Arch Capital Group (NASDAQ:ACGL) Stock Price

Arch Capital Group (NASDAQ:ACGL - Free Report) had its target price lowered by Wells Fargo & Company from $107.00 to $106.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the insurance provider's stock.

ACGL has been the subject of a number of other research reports. Royal Bank of Canada cut their price objective on shares of Arch Capital Group from $128.00 to $125.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. BMO Capital Markets upped their price objective on shares of Arch Capital Group from $98.00 to $104.00 and gave the company a "market perform" rating in a research note on Wednesday, November 6th. StockNews.com cut shares of Arch Capital Group from a "buy" rating to a "hold" rating in a research report on Thursday, October 24th. Bank of America dropped their price target on shares of 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. Finally, JPMorgan Chase & Co. dropped their price target on shares of Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating for the company in a research report on Friday, January 3rd. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Arch Capital Group has an average rating of "Moderate Buy" and an average price target of $116.53.

Arch Capital Group Price Performance

Shares of NASDAQ:ACGL 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. Arch Capital Group has a 12 month low of $83.97 and a 12 month high of $116.47. The stock has a market capitalization of $33.18 billion, a P/E ratio of 5.92, a price-to-earnings-growth ratio of 1.53 and a beta of 0.64. The company has a fifty day moving average of $92.53 and a two-hundred day moving average of $100.93. 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 announced its quarterly earnings data 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 net margin of 33.86% and a return on equity of 18.94%. During the same period in the previous year, the business posted $2.45 earnings per share. Equities research analysts forecast that Arch Capital Group will post 8.86 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Quantbot Technologies LP bought a new position in shares of Arch Capital Group in the 3rd quarter worth about $25,000. Cullen Frost Bankers Inc. bought a new position in shares of Arch Capital Group in the 4th quarter worth about $37,000. Golden State Wealth Management LLC bought a new stake in Arch Capital Group during the 4th quarter valued at about $42,000. Y.D. More Investments Ltd increased its stake in Arch Capital Group by 125.6% during the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock valued at $43,000 after purchasing an additional 260 shares in the last quarter. Finally, Asset Dedication LLC increased its stake in Arch Capital Group by 188.1% during the 3rd quarter. Asset Dedication LLC now owns 435 shares of the insurance provider's stock valued at $49,000 after purchasing an additional 284 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors.

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.