Arch Capital Group (NASDAQ:ACGL) Price Target Lowered to $110.00 at Royal Bank of Canada

Arch Capital Group (NASDAQ:ACGL) had its price objective trimmed by Royal Bank of Canada from $125.00 to $110.00 in a report released on Wednesday,Benzinga reports. The firm currently has an outperform rating on the insurance provider’s stock.

ACGL has been the subject of several other reports. Wells Fargo & Company reduced their price objective on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a research report on Wednesday. Bank of America reduced their price target on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a research report on Friday, November 15th. JMP Securities reiterated a “market outperform” rating and issued a $125.00 price objective on shares of Arch Capital Group in a report on Tuesday. BMO Capital Markets increased their target price on shares of Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a report on Wednesday, November 6th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $116.93.

Arch Capital Group Stock Down 1.5 %

NASDAQ:ACGL opened at $88.26 on Wednesday. Arch Capital Group has a 1 year low of $83.12 and a 1 year high of $116.47. The stock has a 50-day moving average price of $92.89 and a two-hundred day moving average price of $101.06. The stock has a market cap of $33.21 billion, a price-to-earnings ratio of 5.92, a PEG ratio of 1.53 and a beta of 0.64. 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 (NASDAQ:ACGL) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, beating 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 period last year, the firm posted $2.45 earnings per share. As a group, 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

Several institutional investors have recently bought and sold shares of the stock. Quantbot Technologies LP bought a new position in shares of Arch Capital Group in the third quarter valued at approximately $25,000. Cullen Frost Bankers Inc. purchased a new stake in Arch Capital Group in the fourth quarter worth $37,000. Golden State Wealth Management LLC bought a new stake in Arch Capital Group in the 4th quarter valued at about $42,000. Y.D. More Investments Ltd raised its position in shares of Arch Capital Group by 125.6% in the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 260 shares during the period. Finally, Asset Dedication LLC grew its stake in Arch Capital Group by 188.1% in the 3rd quarter. Asset Dedication LLC now owns 435 shares of the insurance provider’s stock valued at $49,000 after buying an additional 284 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

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.