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 issued to clients and investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the insurance provider’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 15.97% from the company’s previous close.

A number of other brokerages have also recently commented on ACGL. Evercore ISI lifted their target price on Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a report on Wednesday, October 9th. TD Cowen lifted their price objective on shares of Arch Capital Group from $116.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Jefferies Financial Group increased their target price on shares of Arch Capital Group from $114.00 to $134.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Bank of America dropped 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 research note on Friday, November 15th. Finally, JMP Securities increased their price objective on shares of Arch Capital Group from $115.00 to $125.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 15th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $118.13.

Arch Capital Group Trading Up 0.0 %

Shares of Arch Capital Group stock opened at $91.40 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. Arch Capital Group has a twelve month low of $74.85 and a twelve month high of $116.47. The business has a 50-day moving average price of $96.72 and a 200-day moving average price of $102.15. The firm has a market cap 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 (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 firm had revenue of $4.72 billion for the quarter, compared to analysts’ expectations 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 prior year, the company earned $2.31 EPS. Equities research analysts anticipate that Arch Capital Group will post 8.99 EPS for the current fiscal year.

Institutional Investors Weigh In On Arch Capital Group

Several large investors have recently modified their holdings of the business. Quantbot Technologies LP purchased a new position in Arch Capital Group during the third quarter valued at approximately $25,000. Rothschild Investment LLC purchased a new position in shares of Arch Capital Group in the 2nd quarter valued at $35,000. Compagnie Lombard Odier SCmA bought a new position in shares of Arch Capital Group in the 3rd quarter worth $46,000. UMB Bank n.a. lifted its stake in shares of Arch Capital Group by 41.9% during the 3rd 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 boosted its position in Arch Capital Group by 188.1% during the third quarter. Asset Dedication LLC now owns 435 shares of the insurance provider’s stock valued at $49,000 after purchasing an additional 284 shares in the last quarter. 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.