Arch Capital Group (NASDAQ:ACGL) Price Target Lowered to $110.00 at Morgan Stanley

Arch Capital Group (NASDAQ:ACGL) had its price target reduced by Morgan Stanley from $115.00 to $110.00 in a research report sent to investors on Friday,Benzinga reports. Morgan Stanley currently has an overweight rating on the insurance provider’s stock.

A number of other analysts also recently issued reports on the company. Wells Fargo & Company reduced 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. JMP Securities reaffirmed a “market outperform” rating and issued a $125.00 price objective on shares of Arch Capital Group in a research note on Tuesday. Barclays reduced their price objective on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. 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 research note on Wednesday, November 6th. Finally, Royal Bank of Canada reduced their price objective on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a research note on Wednesday. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Arch Capital Group has a consensus rating of “Moderate Buy” and an average target price of $116.53.

Arch Capital Group Stock Down 2.2 %

Shares of ACGL opened at $88.20 on Friday. The business’s 50 day moving average is $92.53 and its 200 day moving average is $100.93. The company has a market capitalization of $33.18 billion, a PE ratio of 5.92, a price-to-earnings-growth ratio of 1.53 and a beta of 0.64. Arch Capital Group has a 12-month low of $83.97 and a 12-month high of $116.47. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 in the prior year, the business posted $2.45 EPS. Research analysts expect that Arch Capital Group will post 8.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Arch Capital Group

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Arch Capital Group by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 41,999,603 shares of the insurance provider’s stock valued at $3,878,663,000 after acquiring an additional 182,150 shares during the period. State Street Corp boosted its holdings in Arch Capital Group by 1.1% during the 3rd quarter. State Street Corp now owns 16,587,446 shares of the insurance provider’s stock valued at $1,855,803,000 after acquiring an additional 172,628 shares during the period. Geode Capital Management LLC boosted its holdings in Arch Capital Group by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 11,010,756 shares of the insurance provider’s stock valued at $1,014,648,000 after acquiring an additional 180,493 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Arch Capital Group by 10.5% in the 4th quarter. Principal Financial Group Inc. now owns 8,222,244 shares of the insurance provider’s stock worth $759,324,000 after buying an additional 783,506 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Arch Capital Group by 4.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,350,868 shares of the insurance provider’s stock worth $488,992,000 after buying an additional 226,617 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.

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.