Arch Capital Group (NASDAQ:ACGL) Price Target Lowered to $100.00 at Barclays

Arch Capital Group (NASDAQ:ACGL) had its target price trimmed by Barclays from $120.00 to $100.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an equal weight rating on the insurance provider’s stock.

Several other equities research analysts have also commented on the company. Royal Bank of Canada lowered their price objective on Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. BMO Capital Markets upped their target price 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. Evercore ISI upped their target price on Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 9th. Jefferies Financial Group upped their target price on 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, JPMorgan Chase & Co. reduced their target price on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.88.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL opened at $92.66 on Monday. 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 52 week low of $74.85 and a 52 week high of $116.47. The business’s 50 day moving average price is $95.92 and its 200 day moving average price is $101.94. The firm has a market cap of $34.86 billion, a P/E ratio of 6.22, a P/E/G ratio of 1.49 and a beta of 0.64.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, topping the consensus estimate of $1.94 by $0.05. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. The business had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the prior year, the firm posted $2.31 EPS. On average, sell-side analysts expect that Arch Capital Group will post 8.99 earnings per share for the current year.

Arch Capital Group Dividend Announcement

The company also recently announced a special dividend, which was paid on Wednesday, December 4th. Investors of record on Monday, November 18th were issued a dividend of $5.00 per share. The ex-dividend date was Monday, November 18th.

Hedge Funds Weigh In On Arch Capital Group

A number of hedge funds and other institutional investors have recently bought and sold shares of ACGL. Larson Financial Group LLC raised its position in Arch Capital Group by 34.9% in the 2nd quarter. Larson Financial Group LLC now owns 549 shares of the insurance provider’s stock valued at $55,000 after purchasing an additional 142 shares in the last quarter. TD Asset Management Inc raised its position in Arch Capital Group by 70.8% in the 2nd quarter. TD Asset Management Inc now owns 232,034 shares of the insurance provider’s stock valued at $23,410,000 after purchasing an additional 96,164 shares in the last quarter. Victory Capital Management Inc. raised its position in Arch Capital Group by 5.9% in the 2nd quarter. Victory Capital Management Inc. now owns 275,994 shares of the insurance provider’s stock valued at $27,845,000 after purchasing an additional 15,262 shares in the last quarter. Candriam S.C.A. raised its position in Arch Capital Group by 16.6% in the 2nd quarter. Candriam S.C.A. now owns 33,107 shares of the insurance provider’s stock valued at $3,340,000 after purchasing an additional 4,723 shares in the last quarter. Finally, Savant Capital LLC raised its position in Arch Capital Group by 9.2% in the 2nd quarter. Savant Capital LLC now owns 16,342 shares of the insurance provider’s stock valued at $1,649,000 after purchasing an additional 1,375 shares in the last quarter. 89.07% of the stock is currently 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.