Royal Bank of Canada Lowers Arch Capital Group (NASDAQ:ACGL) Price Target to $110.00

Arch Capital Group (NASDAQ:ACGL) had its price target dropped by equities research analysts at Royal Bank of Canada from $125.00 to $110.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the insurance provider’s stock. Royal Bank of Canada’s price target points to a potential upside of 23.44% from the company’s previous close.

Several other equities research analysts have also recently issued reports on the company. BMO Capital Markets lifted their price objective on Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. reduced 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 report on Friday, January 3rd. Barclays decreased their price target on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. JMP Securities restated a “market outperform” rating and set a $125.00 price target on shares of Arch Capital Group in a report on Tuesday. Finally, Bank of America lowered their price target on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a report on Friday, November 15th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $116.93.

Arch Capital Group Price Performance

Shares of NASDAQ:ACGL traded down $0.49 during trading on Wednesday, reaching $89.11. 919,413 shares of the company’s stock traded hands, compared to its average volume of 1,898,703. The firm has a market cap of $33.53 billion, a PE ratio of 5.98, a P/E/G ratio of 1.53 and a beta of 0.64. Arch Capital Group has a fifty-two week low of $83.12 and a fifty-two week high of $116.47. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. The company has a 50-day simple moving average of $93.09 and a 200-day simple moving average of $101.15.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data 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 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. As a group, analysts predict that Arch Capital Group will post 8.86 earnings per share for the current year.

Hedge Funds Weigh In On Arch Capital Group

A number of institutional investors have recently modified their holdings of the company. Quantbot Technologies LP purchased a new position in shares of Arch Capital Group during the 3rd quarter worth $25,000. Cullen Frost Bankers Inc. acquired a new position in Arch Capital Group in the fourth quarter valued at $37,000. Golden State Wealth Management LLC purchased a new position in Arch Capital Group during the fourth quarter worth about $42,000. Y.D. More Investments Ltd boosted its stake in Arch Capital Group by 125.6% in the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock worth $43,000 after buying an additional 260 shares during the last quarter. Finally, Asset Dedication LLC lifted its holdings in shares of Arch Capital Group by 188.1% during the 3rd 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 period. 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.