Morgan Stanley Has Lowered Expectations for Arch Capital Group (NASDAQ:ACGL) Stock Price

Arch Capital Group (NASDAQ:ACGL) had its target price decreased by equities researchers at Morgan Stanley from $115.00 to $110.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the insurance provider’s stock. Morgan Stanley’s target price points to a potential upside of 24.72% from the company’s current price.

ACGL has been the topic of a number of other reports. JPMorgan Chase & Co. dropped their price target on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Wells Fargo & Company dropped their target price on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a research report on Wednesday. BMO Capital Markets raised their price target on Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a report on Wednesday, November 6th. Keefe, Bruyette & Woods decreased their price target on Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, 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, February 11th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Arch Capital Group presently has an average rating of “Moderate Buy” and an average target price of $116.53.

Arch Capital Group Trading Down 2.2 %

Shares of Arch Capital Group stock opened at $88.20 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market capitalization of $33.18 billion, a P/E ratio of 5.92, a PEG ratio of 1.53 and a beta of 0.64. Arch Capital Group has a 1 year low of $83.97 and a 1 year high of $116.47. The company’s fifty day moving average is $92.53 and its two-hundred day moving average is $100.95.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company earned $2.45 EPS. Analysts forecast that Arch Capital Group will post 8.86 earnings per share for the current year.

Hedge Funds Weigh In On Arch Capital Group

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

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.