Arch Capital Group (NASDAQ:ACGL) Price Target Lowered to $110.00 at Morgan Stanley

Arch Capital Group (NASDAQ:ACGL) had its price objective cut by Morgan Stanley from $115.00 to $110.00 in a research report report published on Friday morning,Benzinga reports. They currently have an overweight rating on the insurance provider’s stock.

A number of other research analysts also recently issued reports on the company. BMO Capital Markets upped their price target on Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a report on Wednesday, November 6th. Bank of America lowered their price target on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Barclays lowered their price target on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Wells Fargo & Company lowered their price target on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Royal Bank of Canada lowered their target price on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a report on Wednesday. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $116.53.

Arch Capital Group Trading Down 2.2 %

Arch Capital Group stock opened at $88.20 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17. The business’s fifty day simple moving average is $92.53 and its two-hundred day simple moving average is $100.93. Arch Capital Group has a 12 month low of $83.97 and a 12 month high of $116.47. The company has a market capitalization of $33.18 billion, a price-to-earnings ratio of 5.92, a price-to-earnings-growth ratio of 1.53 and a beta of 0.64.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly 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 return on equity of 18.94% and a net margin of 33.86%. During the same quarter in the prior year, the company earned $2.45 EPS. As a group, equities analysts predict that Arch Capital Group will post 8.86 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ACGL. Quantbot Technologies LP bought a new position in shares of Arch Capital Group in the third quarter worth about $25,000. Cullen Frost Bankers Inc. bought a new position in shares of Arch Capital Group in the fourth quarter worth about $37,000. Golden State Wealth Management LLC bought a new position in shares of Arch Capital Group in the fourth quarter worth about $42,000. Y.D. More Investments Ltd raised its stake 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 worth $43,000 after buying an additional 260 shares during the period. Finally, Asset Dedication LLC raised its stake in Arch Capital Group by 188.1% during the 3rd quarter. Asset Dedication LLC now owns 435 shares of the insurance provider’s stock valued at $49,000 after purchasing an additional 284 shares during the period. Institutional investors own 89.07% of the company’s stock.

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.