Arch Capital Group (NASDAQ:ACGL) Price Target Lowered to $127.00 at UBS Group

Arch Capital Group (NASDAQ:ACGL) had its price objective cut by UBS Group from $131.00 to $127.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the insurance provider’s stock. UBS Group’s price target indicates a potential upside of 43.99% from the stock’s current price.

Other analysts also recently issued reports about the stock. JMP Securities reissued a “market outperform” rating and set a $125.00 price objective on shares of Arch Capital Group in a research report on Tuesday, February 11th. StockNews.com downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Wells Fargo & Company cut their price objective on shares of Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Barclays cut their price objective on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. Finally, Royal Bank of Canada cut their price objective on shares of Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $117.19.

Arch Capital Group Stock Down 2.2 %

Shares of NASDAQ ACGL opened at $88.20 on Tuesday. 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 has a 12 month low of $83.97 and a 12 month high of $116.47. The firm has a market capitalization of $33.18 billion, a PE ratio of 5.92, a price-to-earnings-growth ratio of 1.53 and a beta of 0.64. The firm has a fifty day simple moving average of $92.37 and a two-hundred day simple moving average of $100.92.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. During the same period in the prior year, the firm posted $2.45 EPS. Equities analysts expect that Arch Capital Group will post 8.86 earnings per share for the current year.

Institutional Investors Weigh In On Arch Capital Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of Arch Capital Group by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 41,999,603 shares of the insurance provider’s stock valued at $3,878,663,000 after purchasing an additional 182,150 shares in the last quarter. State Street Corp lifted its position in shares of Arch Capital Group by 1.1% during the third quarter. State Street Corp now owns 16,587,446 shares of the insurance provider’s stock worth $1,855,803,000 after purchasing an additional 172,628 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Arch Capital Group by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 11,010,756 shares of the insurance provider’s stock worth $1,014,648,000 after purchasing an additional 180,493 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Arch Capital Group by 10.5% during the fourth quarter. Principal Financial Group Inc. now owns 8,222,244 shares of the insurance provider’s stock worth $759,324,000 after purchasing an additional 783,506 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Arch Capital Group by 4.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,350,868 shares of the insurance provider’s stock worth $488,992,000 after purchasing an additional 226,617 shares during the last quarter. 89.07% of the stock is 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.