Arch Capital Group (NASDAQ:ACGL) Price Target Cut to $127.00 by Analysts 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 sent to investors on Tuesday,Benzinga reports. They currently have a buy rating on the insurance provider’s stock.

ACGL has been the subject of several other research reports. Royal Bank of Canada decreased their price target on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. JMP Securities reiterated a “market outperform” rating and issued a $125.00 price target on shares of Arch Capital Group in a research report on Tuesday, February 11th. Wells Fargo & Company decreased their price objective on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. BMO Capital Markets lifted their target price on shares of Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a research note on Wednesday, November 6th. Finally, Keefe, Bruyette & Woods lowered their price target on Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Arch Capital Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.19.

Arch Capital Group Trading Up 0.1 %

Shares of ACGL opened at $88.33 on Tuesday. The firm has a 50 day moving average price of $92.27 and a 200-day moving average price of $100.85. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58. Arch Capital Group has a fifty-two week low of $83.97 and a fifty-two week high of $116.47. The firm has a market cap of $33.23 billion, a price-to-earnings ratio of 5.93, a PEG ratio of 1.53 and a beta of 0.64.

Arch Capital Group (NASDAQ:ACGL) last posted 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 quarter last year, the company earned $2.45 earnings per share. As a group, equities research analysts forecast that Arch Capital Group will post 8.86 earnings per share for the current year.

Institutional Trading of Arch Capital Group

Several hedge funds have recently modified their holdings of ACGL. Quantbot Technologies LP purchased a new stake in shares of Arch Capital Group in the 3rd quarter worth about $25,000. Cullen Frost Bankers Inc. acquired a new position in shares of Arch Capital Group in the 4th quarter valued at $37,000. Golden State Wealth Management LLC purchased a new stake in Arch Capital Group during the fourth quarter valued at about $42,000. Y.D. More Investments Ltd increased its position in Arch Capital Group by 125.6% during the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 260 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Arch Capital Group in the 3rd quarter valued at $50,000. 89.07% of the stock is owned by institutional investors and hedge funds.

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.