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

Arch Capital Group (NASDAQ:ACGL) had its price target decreased by equities research analysts at Wells Fargo & Company from $107.00 to $106.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the insurance provider’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 17.57% from the company’s previous close.

ACGL has been the topic of a number of other research reports. JMP Securities reissued a “market outperform” rating and issued a $125.00 target price on shares of Arch Capital Group in a research report on Tuesday. Royal Bank of Canada cut 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. Keefe, Bruyette & Woods cut their target price on Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. BMO Capital Markets boosted their target price on Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a research report on Wednesday, November 6th. Finally, StockNews.com lowered Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Six investment analysts have rated the stock with a hold rating and ten have assigned 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 price target of $116.47.

Arch Capital Group Stock Up 2.2 %

ACGL stock opened at $90.16 on Wednesday. The firm has a market cap of $33.92 billion, a PE ratio of 6.05, a PEG ratio of 1.53 and a beta of 0.64. 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 firm’s 50 day moving average price is $92.72 and its 200-day moving average price is $100.99. Arch Capital Group has a one year low of $83.91 and a one year high of $116.47.

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, beating the consensus estimate 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 quarter last year, the firm posted $2.45 EPS. On average, equities research analysts anticipate that Arch Capital Group will post 8.86 EPS for the current year.

Hedge Funds Weigh In On Arch Capital Group

Institutional investors and hedge funds have recently modified their holdings of the company. Quantbot Technologies LP purchased a new stake in Arch Capital Group in the third quarter valued at $25,000. Cullen Frost Bankers Inc. purchased a new stake in Arch Capital Group in the fourth quarter valued at $37,000. Golden State Wealth Management LLC purchased a new stake in Arch Capital Group in the fourth quarter valued at $42,000. Y.D. More Investments Ltd lifted its position in 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 acquiring an additional 260 shares during the last quarter. Finally, Asset Dedication LLC lifted its position in Arch Capital Group by 188.1% in the third quarter. Asset Dedication LLC now owns 435 shares of the insurance provider’s stock valued at $49,000 after acquiring an additional 284 shares during the last quarter. Institutional investors and hedge funds 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.