Arch Capital Group (NASDAQ:ACGL) Price Target Lowered to $136.00 at Bank of America

Arch Capital Group (NASDAQ:ACGL) had its price objective lowered by stock analysts at Bank of America from $143.00 to $136.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the insurance provider’s stock. Bank of America‘s price objective would suggest a potential upside of 35.93% from the stock’s current price.

A number of other research firms have also commented on ACGL. Wells Fargo & Company lowered their target price on shares of Arch Capital Group from $126.00 to $118.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Evercore ISI increased their price target on shares of Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a research report on Wednesday, October 9th. Roth Mkm boosted their price objective on shares of Arch Capital Group from $110.00 to $125.00 and gave the company a “buy” rating in a report on Friday, August 23rd. JMP Securities lifted their target price on Arch Capital Group from $115.00 to $125.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 15th. Finally, TD Cowen boosted their target price on Arch Capital Group from $116.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Arch Capital Group has an average rating of “Moderate Buy” and an average price target of $118.94.

Arch Capital Group Trading Down 1.1 %

ACGL opened at $100.05 on Friday. Arch Capital Group has a 1-year low of $72.85 and a 1-year high of $116.47. The firm has a 50-day moving average price of $108.21 and a two-hundred day moving average price of $103.17. The stock has a market capitalization of $37.64 billion, a PE ratio of 6.71, a PEG ratio of 1.46 and a beta of 0.61. 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 earnings results on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, beating 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 company had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same period last year, the firm earned $2.31 EPS. As a group, equities analysts anticipate that Arch Capital Group will post 9.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ACGL. Farther Finance Advisors LLC lifted its stake in shares of Arch Capital Group by 12.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider’s stock worth $100,000 after buying an additional 101 shares during the last quarter. Fiduciary Financial Group LLC lifted its holdings in Arch Capital Group by 2.8% during the 3rd quarter. Fiduciary Financial Group LLC now owns 3,779 shares of the insurance provider’s stock worth $415,000 after purchasing an additional 103 shares during the last quarter. Baldwin Brothers LLC MA boosted its stake in Arch Capital Group by 50.7% in the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 104 shares during the period. Fidelis Capital Partners LLC grew its holdings in Arch Capital Group by 3.1% in the 2nd quarter. Fidelis Capital Partners LLC now owns 3,553 shares of the insurance provider’s stock valued at $344,000 after buying an additional 106 shares in the last quarter. Finally, KG&L Capital Management LLC boosted its holdings in Arch Capital Group by 1.1% in the 3rd quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider’s stock valued at $1,214,000 after purchasing an additional 115 shares during the period. 89.07% of the stock is owned by institutional investors and hedge funds.

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.