Royal Bank of Canada Lowers Arch Capital Group (NASDAQ:ACGL) Price Target to $110.00

Arch Capital Group (NASDAQ:ACGL) had its price target dropped by Royal Bank of Canada from $125.00 to $110.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the insurance provider’s stock. Royal Bank of Canada’s price target points to a potential upside of 23.44% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on ACGL. Barclays lowered their target price on shares of 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. JPMorgan Chase & Co. lowered their target price on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Keefe, Bruyette & Woods cut their price target on shares of Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. StockNews.com lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Bank of America dropped their price objective on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a report on Friday, November 15th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.93.

Arch Capital Group Price Performance

Arch Capital Group stock traded down $0.49 during mid-day trading on Wednesday, reaching $89.11. The company had a trading volume of 919,413 shares, compared to its average volume of 1,898,703. Arch Capital Group has a fifty-two week low of $83.12 and a fifty-two week high of $116.47. The company has a market cap of $33.53 billion, a P/E ratio of 5.98, a P/E/G ratio of 1.53 and a beta of 0.64. 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 has a fifty day simple moving average of $93.09 and a 200 day simple moving average of $101.15.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. During the same period last year, the firm posted $2.45 EPS. On average, equities research analysts predict that Arch Capital Group will post 8.86 earnings per share for the current year.

Institutional Investors Weigh In On Arch Capital Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Allstate Corp bought a new position in shares of Arch Capital Group during the 4th quarter valued at $1,049,000. DnB Asset Management AS boosted its position in Arch Capital Group by 5.8% in the fourth quarter. DnB Asset Management AS now owns 73,008 shares of the insurance provider’s stock worth $6,742,000 after purchasing an additional 3,973 shares during the last quarter. Alerus Financial NA grew its stake in shares of Arch Capital Group by 20.6% during the 4th quarter. Alerus Financial NA now owns 36,700 shares of the insurance provider’s stock valued at $3,389,000 after purchasing an additional 6,264 shares during the period. Orion Portfolio Solutions LLC lifted its stake in shares of Arch Capital Group by 14.2% in the 4th quarter. Orion Portfolio Solutions LLC now owns 14,282 shares of the insurance provider’s stock worth $1,319,000 after purchasing an additional 1,772 shares during the period. Finally, Pictet Asset Management Holding SA increased its holdings in Arch Capital Group by 16.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 228,753 shares of the insurance provider’s stock valued at $21,125,000 after buying an additional 31,591 shares during the last quarter. 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.