Barclays Cuts Arch Capital Group (NASDAQ:ACGL) Price Target to $100.00

Arch Capital Group (NASDAQ:ACGL) had its price objective decreased by equities research analysts at Barclays from $120.00 to $100.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the insurance provider’s stock. Barclays‘s price target indicates a potential upside of 9.83% from the stock’s previous close.

Other equities analysts have also issued reports about the company. StockNews.com lowered Arch Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. BMO Capital Markets lifted their target price 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. Jefferies Financial Group lifted their price target on shares of Arch Capital Group from $114.00 to $134.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. JMP Securities upped their price objective on Arch Capital Group from $115.00 to $125.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 15th. Finally, Evercore ISI increased their price target on Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a report on Wednesday, October 9th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Arch Capital Group has an average rating of “Moderate Buy” and an average target price of $116.88.

Arch Capital Group Stock Down 0.4 %

Shares of Arch Capital Group stock traded down $0.35 on Monday, reaching $91.05. 943,906 shares of the company were exchanged, compared to its average volume of 1,169,171. Arch Capital Group has a one year low of $74.85 and a one year high of $116.47. The company has a 50-day moving average of $96.72 and a 200 day moving average of $102.16. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $34.26 billion, a price-to-earnings ratio of 6.11, a PEG ratio of 1.49 and a beta of 0.64.

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 company had revenue of $4.72 billion during the quarter, compared to analysts’ expectations 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 period in the prior year, the company earned $2.31 EPS. On average, equities research analysts forecast that Arch Capital Group will post 8.99 earnings per share for the current year.

Institutional Trading of Arch Capital Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Quantbot Technologies LP purchased a new position in Arch Capital Group in the third quarter valued at about $25,000. Compagnie Lombard Odier SCmA bought a new position in shares of Arch Capital Group during the 3rd quarter valued at about $46,000. UMB Bank n.a. grew its stake in shares of Arch Capital Group by 41.9% in the 3rd quarter. UMB Bank n.a. now owns 427 shares of the insurance provider’s stock worth $48,000 after purchasing an additional 126 shares during the last quarter. Asset Dedication LLC lifted its stake in Arch Capital Group by 188.1% during the third 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 bought a new stake in Arch Capital Group during the third quarter worth approximately $50,000. 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.