Wells Fargo & Company Issues Pessimistic Forecast for Arch Capital Group (NASDAQ:ACGL) Stock Price

Arch Capital Group (NASDAQ:ACGL) had its price target dropped by analysts at Wells Fargo & Company from $107.00 to $106.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the insurance provider’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 18.30% from the company’s current price.

A number of other research analysts have also issued reports on the company. JMP Securities reissued a “market outperform” rating and issued a $125.00 target price on shares of Arch Capital Group in a report on Tuesday. Royal Bank of Canada dropped their target price on Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. JPMorgan Chase & Co. dropped their target price on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Keefe, Bruyette & Woods decreased their price target on Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Finally, Bank of America decreased their price target on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.93.

Arch Capital Group Trading Down 2.0 %

ACGL opened at $89.60 on Wednesday. The firm has a market cap of $33.71 billion, a price-to-earnings ratio of 6.01, a price-to-earnings-growth ratio of 1.53 and a beta of 0.64. Arch Capital Group has a 52 week low of $82.75 and a 52 week high of $116.47. The business’s 50 day moving average is $93.09 and its two-hundred day moving average is $101.15. 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 results on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, topping the consensus estimate of $1.90 by $0.36. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same quarter last year, the business earned $2.45 EPS. On average, research analysts predict that Arch Capital Group will post 8.86 EPS for the current year.

Institutional Trading of Arch Capital Group

A number of institutional investors have recently bought and sold shares of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of Arch Capital Group by 3.5% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 197,111 shares of the insurance provider’s stock valued at $18,203,000 after acquiring an additional 6,663 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of Arch Capital Group by 5.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 111,229 shares of the insurance provider’s stock valued at $12,444,000 after acquiring an additional 5,614 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Arch Capital Group by 10.0% in the third quarter. PNC Financial Services Group Inc. now owns 71,721 shares of the insurance provider’s stock valued at $8,024,000 after acquiring an additional 6,521 shares in the last quarter. Metis Global Partners LLC lifted its position in shares of Arch Capital Group by 26.6% in the third quarter. Metis Global Partners LLC now owns 25,465 shares of the insurance provider’s stock valued at $2,849,000 after acquiring an additional 5,345 shares in the last quarter. Finally, Banque Cantonale Vaudoise increased its stake in Arch Capital Group by 172.2% in the third quarter. Banque Cantonale Vaudoise now owns 55,423 shares of the insurance provider’s stock valued at $6,201,000 after purchasing an additional 35,060 shares during the last quarter. 89.07% of the stock is currently owned by hedge funds and other 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.