Barclays Cuts Arch Capital Group (NASDAQ:ACGL) Price Target to $93.00

Arch Capital Group (NASDAQ:ACGL) had its price objective reduced by equities researchers at Barclays from $100.00 to $93.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the insurance provider’s stock. Barclays‘s price objective would indicate a potential upside of 0.94% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Royal Bank of Canada lowered their price objective on shares of Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Wells Fargo & Company lowered their target price on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. JMP Securities restated a “market outperform” rating and issued a $125.00 target price on shares of Arch Capital Group in a research note on Tuesday, February 11th. UBS Group cut their price objective on shares of Arch Capital Group from $127.00 to $124.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Keefe, Bruyette & Woods dropped their target price on Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $114.88.

Arch Capital Group Stock Performance

Arch Capital Group stock opened at $92.13 on Friday. Arch Capital Group has a 1 year low of $82.49 and a 1 year high of $116.47. The company’s 50-day moving average is $91.52 and its two-hundred day moving average is $96.51. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. The company has a market cap of $34.61 billion, a PE ratio of 8.23, a PEG ratio of 2.31 and a beta of 0.36.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. During the same period in the prior year, the firm earned $2.45 earnings per share. Equities analysts anticipate that Arch Capital Group will post 8.42 earnings per share for the current year.

Insider Buying and Selling at Arch Capital Group

In related news, insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total value of $1,055,600.00. Following the completion of the transaction, the insider now owns 140,023 shares of the company’s stock, valued at $12,742,093. This represents a 7.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Gateway Investment Advisers LLC raised its position in Arch Capital Group by 2.8% in the first quarter. Gateway Investment Advisers LLC now owns 8,242 shares of the insurance provider’s stock valued at $793,000 after purchasing an additional 228 shares during the last quarter. Chemistry Wealth Management LLC increased its holdings in Arch Capital Group by 18.3% in the first quarter. Chemistry Wealth Management LLC now owns 8,779 shares of the insurance provider’s stock valued at $844,000 after purchasing an additional 1,356 shares during the period. Procyon Advisors LLC raised its position in shares of Arch Capital Group by 11.0% during the first quarter. Procyon Advisors LLC now owns 11,840 shares of the insurance provider’s stock worth $1,139,000 after acquiring an additional 1,173 shares during the last quarter. Arthur M. Cohen & Associates LLC lifted its stake in shares of Arch Capital Group by 5.1% in the first quarter. Arthur M. Cohen & Associates LLC now owns 33,778 shares of the insurance provider’s stock worth $3,249,000 after acquiring an additional 1,650 shares during the period. Finally, Merit Financial Group LLC raised its holdings in Arch Capital Group by 11.2% during the 1st quarter. Merit Financial Group LLC now owns 6,575 shares of the insurance provider’s stock worth $632,000 after purchasing an additional 664 shares during 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.