Arch Capital Group (NASDAQ:ACGL) Price Target Cut to $124.00 by Analysts at UBS Group

Arch Capital Group (NASDAQ:ACGL) had its target price decreased by analysts at UBS Group from $127.00 to $124.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the insurance provider’s stock. UBS Group’s target price would suggest a potential upside of 37.86% from the stock’s current price.

A number of other research analysts have also recently weighed in on ACGL. Wells Fargo & Company reduced their target price on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Keefe, Bruyette & Woods lowered their target price on Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Morgan Stanley dropped their price objective on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. JPMorgan Chase & Co. upped their target price on shares of Arch Capital Group from $106.00 to $107.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $125.00 price target on shares of Arch Capital Group in a report on Tuesday, February 11th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Arch Capital Group currently has an average rating of “Moderate Buy” and a consensus target price of $117.06.

Arch Capital Group Trading Up 4.1 %

NASDAQ:ACGL traded up $3.53 during mid-day trading on Wednesday, reaching $89.95. The company’s stock had a trading volume of 821,711 shares, compared to its average volume of 1,729,011. Arch Capital Group has a twelve month low of $82.49 and a twelve month high of $116.47. The company’s fifty day simple moving average is $91.68 and its two-hundred day simple moving average is $97.01. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58. The stock has a market cap of $33.79 billion, a P/E ratio of 7.99, a P/E/G ratio of 2.31 and a beta of 0.36.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. During the same period in the prior year, the business earned $2.45 earnings per share. On average, equities analysts predict that Arch Capital Group will post 8.42 EPS for the current year.

Insider Buying and Selling at Arch Capital Group

In other news, insider Louis T. Petrillo sold 11,600 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the completion of the transaction, the insider now owns 140,023 shares of the company’s stock, valued at approximately $12,742,093. The trade was a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.10% of the stock is owned by insiders.

Institutional Trading of Arch Capital Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital A Wealth Management LLC bought a new position in shares of Arch Capital Group during the 4th quarter valued at about $25,000. Cullen Frost Bankers Inc. bought a new stake in Arch Capital Group during the fourth quarter worth approximately $37,000. Golden State Wealth Management LLC acquired a new position in Arch Capital Group in the fourth quarter worth approximately $42,000. Y.D. More Investments Ltd increased its holdings in shares of Arch Capital Group by 125.6% in the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock valued at $43,000 after buying an additional 260 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of Arch Capital Group during the 4th quarter valued at $58,000. 89.07% of the stock is currently owned by institutional investors.

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.