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

Arch Capital Group (NASDAQ:ACGL) had its target price decreased by equities researchers at Wells Fargo & Company from $109.00 to $107.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the insurance provider’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 14.29% from the stock’s previous close.

ACGL has been the topic of several other research reports. Keefe, Bruyette & Woods lowered their price objective on shares of Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Evercore ISI upped 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. Bank of America reduced 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 increased their price target on shares of Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 6th. Finally, TD Cowen boosted their price target on Arch Capital Group from $116.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Arch Capital Group presently has a consensus rating of “Moderate Buy” and an average target price of $118.00.

Arch Capital Group Stock Performance

Shares of ACGL opened at $93.62 on Tuesday. The stock has a market capitalization of $35.22 billion, a P/E ratio of 6.28, a price-to-earnings-growth ratio of 1.49 and a beta of 0.64. Arch Capital Group has a 12 month low of $77.53 and a 12 month high of $116.47. The firm’s fifty day simple moving average is $95.51 and its two-hundred day simple moving average is $101.67. 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) 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. The business had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.05 billion. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. During the same quarter in the previous year, the business posted $2.31 EPS. As a group, analysts predict that Arch Capital Group will post 8.99 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new position in Arch Capital Group in the third quarter valued at about $25,000. Compagnie Lombard Odier SCmA purchased a new stake in Arch Capital Group during the 3rd quarter worth about $46,000. UMB Bank n.a. lifted its position in shares of Arch Capital Group by 41.9% during the 3rd quarter. UMB Bank n.a. now owns 427 shares of the insurance provider’s stock worth $48,000 after buying an additional 126 shares during the last quarter. Asset Dedication LLC lifted its holdings in shares of Arch Capital Group by 188.1% in 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 during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in Arch Capital Group during the 3rd quarter worth $50,000. 89.07% of the stock is owned by institutional investors and hedge funds.

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.