Arch Capital Group (NASDAQ:ACGL) Price Target Lowered to $106.00 at JPMorgan Chase & Co.

Arch Capital Group (NASDAQ:ACGL) had its price target dropped by research analysts at JPMorgan Chase & Co. from $110.00 to $106.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the insurance provider’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 16.00% from the stock’s previous close.

ACGL has been the subject of several other research reports. Citigroup boosted 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. Evercore ISI boosted their price target on shares of 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. Wells Fargo & Company dropped their price objective on Arch Capital Group from $118.00 to $109.00 and set an “overweight” rating on the stock in a report on Tuesday, November 19th. StockNews.com cut Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, TD Cowen increased their target price on shares of Arch Capital Group from $116.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $118.13.

Arch Capital Group Trading Down 1.1 %

NASDAQ ACGL opened at $91.38 on Friday. The stock has a market capitalization of $34.38 billion, a PE ratio of 6.13, a price-to-earnings-growth ratio of 1.49 and a beta of 0.62. The firm has a 50 day moving average of $97.00 and a two-hundred day moving average of $102.19. Arch Capital Group has a 52 week low of $74.85 and a 52 week high of $116.47. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.05. The business had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.05 billion. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same quarter in the prior year, the business posted $2.31 EPS. As a group, research analysts expect that Arch Capital Group will post 8.99 EPS for the current fiscal year.

Hedge Funds Weigh In On Arch Capital Group

A number of institutional investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Arch Capital Group by 245.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,739 shares of the insurance provider’s stock valued at $341,652,000 after acquiring an additional 2,168,897 shares during the last quarter. Erste Asset Management GmbH acquired a new stake in shares of Arch Capital Group in the 3rd quarter valued at about $82,748,000. National Pension Service bought a new position in shares of Arch Capital Group during the third quarter worth about $64,271,000. International Assets Investment Management LLC lifted its position in shares of Arch Capital Group by 18,634.1% during the third quarter. International Assets Investment Management LLC now owns 551,345 shares of the insurance provider’s stock worth $616,840,000 after purchasing an additional 548,402 shares during the last quarter. Finally, Brandes Investment Partners LP acquired a new position in Arch Capital Group in the second quarter worth about $48,119,000. 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.