Barclays Issues Pessimistic Forecast for Arch Capital Group (NASDAQ:ACGL) Stock Price

Arch Capital Group (NASDAQ:ACGL) had its price objective cut by equities research analysts at Barclays from $100.00 to $93.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the insurance provider’s stock. Barclays‘s price objective would suggest a potential upside of 0.80% from the stock’s previous close.

A number of other brokerages have also commented on ACGL. JPMorgan Chase & Co. increased their price target on Arch Capital Group from $106.00 to $107.00 and gave the company a “neutral” rating in a research note on Tuesday. Royal Bank of Canada cut their price objective on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. JMP Securities restated a “market outperform” rating and set a $125.00 price objective on shares of Arch Capital Group in a report on Tuesday, February 11th. Jefferies Financial Group lifted their price target on Arch Capital Group from $105.00 to $106.00 and gave the company a “buy” rating in a report on Friday. Finally, Morgan Stanley cut their price target on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $114.88.

Arch Capital Group Stock Up 1.9 %

Shares of ACGL traded up $1.68 during mid-day trading on Friday, reaching $92.26. The company had a trading volume of 1,077,046 shares, compared to its average volume of 1,733,997. Arch Capital Group has a 52 week low of $82.49 and a 52 week high of $116.47. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. The firm has a 50-day moving average price of $91.53 and a 200 day moving average price of $96.66. The company has a market capitalization of $34.66 billion, a price-to-earnings ratio of 8.22, a price-to-earnings-growth ratio of 2.31 and a beta of 0.36.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate 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 previous year, the company earned $2.45 EPS. On average, sell-side analysts forecast that Arch Capital Group will post 8.42 EPS for the current year.

Insider Activity at Arch Capital Group

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

Institutional Trading of Arch Capital Group

A number of institutional investors and hedge funds have recently modified their holdings of ACGL. Oregon Public Employees Retirement Fund lifted its stake in shares of Arch Capital Group by 0.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 32,147 shares of the insurance provider’s stock worth $2,969,000 after buying an additional 110 shares in the last quarter. Cim LLC raised its stake in shares of Arch Capital Group by 1.1% in the 4th quarter. Cim LLC now owns 11,194 shares of the insurance provider’s stock valued at $1,034,000 after acquiring an additional 124 shares during the period. CreativeOne Wealth LLC lifted its stake in Arch Capital Group by 4.9% during the fourth quarter. CreativeOne Wealth LLC now owns 2,682 shares of the insurance provider’s stock worth $248,000 after purchasing an additional 126 shares in the last quarter. HBK Sorce Advisory LLC lifted its position in shares of Arch Capital Group by 5.7% during the fourth quarter. HBK Sorce Advisory LLC now owns 2,373 shares of the insurance provider’s stock worth $219,000 after purchasing an additional 127 shares in the last quarter. Finally, Flagship Harbor Advisors LLC raised its stake in shares of Arch Capital Group by 5.9% in the fourth quarter. Flagship Harbor Advisors LLC now owns 2,315 shares of the insurance provider’s stock valued at $214,000 after acquiring an additional 129 shares in the last quarter. 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.