Wells Fargo & Company Has Lowered Expectations for Arch Capital Group (NASDAQ:ACGL) Stock Price

Arch Capital Group (NASDAQ:ACGL) had its price objective decreased by Wells Fargo & Company from $109.00 to $107.00 in a report released on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the insurance provider’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 14.29% from the stock’s current price.

A number of other research analysts have also commented on the company. JMP Securities raised their price target on Arch Capital Group from $115.00 to $125.00 and gave the company a “market outperform” rating in a report on Tuesday, October 15th. Jefferies Financial Group upped their price target on shares of Arch Capital Group from $114.00 to $134.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. TD Cowen increased their target price on Arch Capital Group from $116.00 to $138.00 and gave the company a “buy” rating in a report on Friday, September 20th. 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 research report on Friday, November 1st. Finally, Keefe, Bruyette & Woods reduced their target price on Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.00.

Arch Capital Group Trading Up 1.8 %

NASDAQ ACGL opened at $93.62 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market capitalization of $35.22 billion, a price-to-earnings ratio of 6.28, a price-to-earnings-growth ratio of 1.49 and a beta of 0.64. Arch Capital Group has a 12 month low of $77.53 and a 12 month high of $116.47. The company’s fifty day moving average price is $95.51 and its two-hundred day moving average price is $101.67.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, beating the consensus estimate of $1.94 by $0.05. The company had revenue of $4.72 billion during the quarter, compared to analyst estimates 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 earnings per share. As a group, research analysts predict that Arch Capital Group will post 8.99 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Arch Capital Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ACGL. LPL Financial LLC lifted its position in shares of Arch Capital Group by 7.9% in the second quarter. LPL Financial LLC now owns 307,334 shares of the insurance provider’s stock worth $31,007,000 after purchasing an additional 22,574 shares in the last quarter. American Century Companies Inc. raised its stake in Arch Capital Group by 6.0% in the second quarter. American Century Companies Inc. now owns 344,852 shares of the insurance provider’s stock valued at $34,792,000 after purchasing an additional 19,411 shares in the last quarter. BOKF NA increased its stake in Arch Capital Group by 487.4% in the second quarter. BOKF NA now owns 3,260 shares of the insurance provider’s stock valued at $329,000 after acquiring an additional 2,705 shares during the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of Arch Capital Group by 19.3% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 18,414 shares of the insurance provider’s stock worth $1,858,000 after buying an additional 2,980 shares during the last quarter. Finally, Meeder Advisory Services Inc. bought a new stake in shares of Arch Capital Group during the 2nd quarter valued at approximately $227,000. 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.