Arch Capital Group (NASDAQ:ACGL) Price Target Cut to $107.00 by Analysts at Wells Fargo & Company

Arch Capital Group (NASDAQ:ACGL - Get Free Report) had its price objective lowered by Wells Fargo & Company from $109.00 to $107.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an "overweight" rating on the insurance provider's stock. Wells Fargo & Company's price target points to a potential upside of 16.32% from the stock's previous close.

ACGL has been the topic of a number of other research reports. JPMorgan Chase & Co. cut their price target on shares of Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating on the stock in a research note on Friday, January 3rd. Keefe, Bruyette & Woods cut their target price on Arch Capital Group from $121.00 to $120.00 and set an "outperform" rating on the stock in a research report on Friday. Evercore ISI lifted their price target on Arch Capital Group from $104.00 to $107.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 9th. StockNews.com lowered Arch Capital Group from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. Finally, Royal Bank of Canada decreased their target price on Arch Capital Group from $128.00 to $125.00 and set an "outperform" rating for the company in a report on Friday, November 1st. Six investment 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 currently has a consensus rating of "Moderate Buy" and an average target price of $118.00.

Arch Capital Group Stock Up 1.3 %

ACGL traded up $1.16 on Tuesday, hitting $91.99. The company had a trading volume of 2,493,664 shares, compared to its average volume of 1,898,758. The stock has a market capitalization of $34.61 billion, a price-to-earnings ratio of 6.17, a P/E/G ratio of 1.49 and a beta of 0.64. The stock has a fifty day moving average price of $95.60 and a 200-day moving average price of $101.73. Arch Capital Group has a 12-month low of $77.53 and a 12-month high of $116.47. 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 (NASDAQ:ACGL - Get Free Report) last posted its 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 company had revenue of $4.72 billion during the quarter, compared to analysts' expectations of $4.05 billion. During the same quarter in the prior year, the company posted $2.31 earnings per share. Analysts predict that Arch Capital Group will post 8.99 EPS for the current fiscal year.

Institutional Investors Weigh In On Arch Capital Group

Several hedge funds have recently modified their holdings of the company. LPL Financial LLC grew its holdings in Arch Capital Group by 7.9% in the second quarter. LPL Financial LLC now owns 307,334 shares of the insurance provider's stock valued at $31,007,000 after purchasing an additional 22,574 shares during the period. American Century Companies Inc. grew its stake in Arch Capital Group by 6.0% in the 2nd quarter. American Century Companies Inc. now owns 344,852 shares of the insurance provider's stock valued at $34,792,000 after acquiring an additional 19,411 shares during the period. BOKF NA increased its holdings in Arch Capital Group by 487.4% in the 2nd quarter. BOKF NA now owns 3,260 shares of the insurance provider's stock worth $329,000 after acquiring an additional 2,705 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in Arch Capital Group by 19.3% during the second quarter. Oppenheimer & Co. Inc. now owns 18,414 shares of the insurance provider's stock worth $1,858,000 after acquiring an additional 2,980 shares during the period. Finally, Meeder Advisory Services Inc. purchased a new position in Arch Capital Group during the second quarter valued at $227,000. 89.07% of the stock is owned by hedge funds and other institutional investors.

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.