Barclays Issues Pessimistic Forecast for Arch Capital Group (NASDAQ:ACGL) Stock Price

Arch Capital Group (NASDAQ:ACGL) had its target price reduced by research analysts at Barclays from $120.00 to $100.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the insurance provider’s stock. Barclays‘s price objective suggests a potential upside of 8.40% from the stock’s current price.

Several other equities analysts also recently weighed in on ACGL. TD Cowen lifted their target price on Arch Capital Group from $116.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, September 20th. StockNews.com cut Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Wells Fargo & Company lowered their price target on shares of Arch Capital Group from $118.00 to $109.00 and set an “overweight” rating on the stock in a report on Tuesday, November 19th. Jefferies Financial Group increased their price objective on shares of Arch Capital Group from $114.00 to $134.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, Evercore ISI lifted their target price on shares of Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a research note on Wednesday, October 9th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Arch Capital Group currently has an average rating of “Moderate Buy” and a consensus target price of $116.88.

Arch Capital Group Trading Up 1.7 %

Shares of NASDAQ:ACGL opened at $92.25 on Monday. Arch Capital Group has a 52-week low of $74.85 and a 52-week high of $116.47. The stock has a market capitalization of $34.71 billion, a price-to-earnings ratio of 6.19, a PEG ratio of 1.49 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 stock’s 50-day simple moving average is $96.17 and its two-hundred day simple moving average is $102.01.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (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 net margin of 33.86% and a return on equity of 18.94%. During the same period in the previous year, the business posted $2.31 earnings per share. Analysts expect that Arch Capital Group will post 8.99 EPS for the current year.

Institutional Trading of Arch Capital Group

Hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC grew its holdings in shares of Arch Capital Group by 12.8% in the third quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider’s stock valued at $100,000 after purchasing an additional 101 shares in the last quarter. Fiduciary Financial Group LLC lifted its position in Arch Capital Group by 2.8% during the third quarter. Fiduciary Financial Group LLC now owns 3,779 shares of the insurance provider’s stock valued at $415,000 after purchasing an additional 103 shares during the last quarter. Fidelis Capital Partners LLC grew its stake in shares of Arch Capital Group by 3.1% in the 2nd quarter. Fidelis Capital Partners LLC now owns 3,553 shares of the insurance provider’s stock worth $344,000 after buying an additional 106 shares in the last quarter. KG&L Capital Management LLC increased its holdings in shares of Arch Capital Group by 1.1% in the 3rd quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider’s stock worth $1,214,000 after buying an additional 115 shares during the last quarter. Finally, Marks Group Wealth Management Inc increased its holdings in shares of Arch Capital Group by 4.2% in the 3rd quarter. Marks Group Wealth Management Inc now owns 2,884 shares of the insurance provider’s stock worth $323,000 after buying an additional 115 shares during the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

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.