Arch Capital Group (NASDAQ:ACGL) Price Target Lowered to $109.00 at Wells Fargo & Company

Arch Capital Group (NASDAQ:ACGL) had its price objective trimmed by Wells Fargo & Company from $118.00 to $109.00 in a report published on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the insurance provider’s stock.

Several other equities analysts have also recently weighed in on ACGL. BMO Capital Markets raised their price target on shares of Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. raised their target price on Arch Capital Group from $108.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. TD Cowen upped their price target on Arch Capital Group from $116.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Roth Mkm increased their price target on Arch Capital Group from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Finally, 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 on the stock in a report on Friday, November 1st. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $118.38.

Arch Capital Group Trading Up 1.1 %

NASDAQ ACGL opened at $99.69 on Tuesday. 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 has a 52 week low of $72.85 and a 52 week high of $116.47. The business has a 50 day moving average price of $106.67 and a 200-day moving average price of $103.32. The company has a market cap of $37.51 billion, a price-to-earnings ratio of 6.69, a P/E/G ratio of 1.52 and a beta of 0.61.

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. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. The business had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the business posted $2.31 EPS. As a group, equities analysts expect that Arch Capital Group will post 9.01 earnings per share for the current fiscal year.

Arch Capital Group Announces Dividend

The business also recently declared a special dividend, which will be paid on Wednesday, December 4th. Investors of record on Monday, November 18th will be issued a $5.00 dividend. The ex-dividend date of this dividend is Monday, November 18th.

Hedge Funds Weigh In On Arch Capital Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Quantbot Technologies LP bought a new stake in shares of Arch Capital Group in the third quarter valued at $25,000. UMB Bank n.a. purchased a new stake in Arch Capital Group during the second quarter valued at about $30,000. Baldwin Brothers LLC MA boosted its position in Arch Capital Group by 50.7% during the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 104 shares during the period. Rothschild Investment LLC purchased a new position in shares of Arch Capital Group in the second quarter worth about $35,000. Finally, LRI Investments LLC bought a new stake in shares of Arch Capital Group in the first quarter valued at approximately $40,000. 89.07% of the stock is owned by 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.