JPMorgan Chase & Co. Has Lowered Expectations for Arch Capital Group (NASDAQ:ACGL) Stock Price

Arch Capital Group (NASDAQ:ACGL) had its target price cut by JPMorgan Chase & Co. from $110.00 to $106.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a neutral rating on the insurance provider’s stock.

Several other research analysts have also recently issued reports on the company. Bank of America lowered their price objective on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a research report on Friday, November 15th. StockNews.com cut Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Evercore ISI upped their target price on Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a research report on Wednesday, October 9th. Citigroup upped their target price on Arch Capital Group from $105.00 to $114.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Finally, TD Cowen upped 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. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Arch Capital Group has an average rating of “Moderate Buy” and a consensus target price of $118.13.

Arch Capital Group Trading Up 0.0 %

ACGL opened at $91.40 on Friday. The business has a fifty day moving average price of $96.72 and a 200 day moving average price of $102.14. The stock has a market capitalization of $34.39 billion, a price-to-earnings ratio of 6.13, a PEG ratio of 1.49 and a beta of 0.62. Arch Capital Group has a 12 month low of $74.85 and a 12 month high of $116.47. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.05. The business had revenue of $4.72 billion during the quarter, compared to analysts’ expectations 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 firm posted $2.31 EPS. Sell-side analysts expect that Arch Capital Group will post 8.99 earnings per share for the current fiscal year.

Arch Capital Group Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th were given a dividend of $5.00 per share. The ex-dividend date was Monday, November 18th.

Institutional Trading of Arch Capital Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new stake in shares of Arch Capital Group in the 3rd quarter valued at approximately $25,000. Rothschild Investment LLC acquired a new stake in shares of Arch Capital Group in the 2nd quarter valued at approximately $35,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Arch Capital Group in the 3rd quarter valued at approximately $46,000. UMB Bank n.a. raised its holdings in Arch Capital Group by 41.9% during the third quarter. UMB Bank n.a. now owns 427 shares of the insurance provider’s stock worth $48,000 after purchasing an additional 126 shares during the last quarter. Finally, Asset Dedication LLC raised its holdings 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 purchasing an additional 284 shares during the last quarter. 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.