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

Arch Capital Group (NASDAQ:ACGL) had its price objective cut by research analysts at Royal Bank of Canada from $125.00 to $110.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the insurance provider’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 22.01% from the company’s current price.

Several other research analysts have also recently issued reports on the company. Keefe, Bruyette & Woods dropped their price objective on Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Wells Fargo & Company dropped their target price on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. dropped their target price on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. StockNews.com cut Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, BMO Capital Markets increased their target price on Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a research report on Wednesday, November 6th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.47.

Arch Capital Group Stock Up 2.2 %

Shares of NASDAQ:ACGL opened at $90.16 on Wednesday. Arch Capital Group has a 52-week low of $83.91 and a 52-week high of $116.47. The stock has a market cap of $33.92 billion, a P/E ratio of 6.05, a price-to-earnings-growth ratio of 1.53 and a beta of 0.64. The business’s 50 day moving average is $92.72 and its 200 day moving average is $100.99. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data 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 return on equity of 18.94% and a net margin of 33.86%. During the same period in the previous year, the company earned $2.45 EPS. Sell-side analysts predict that Arch Capital Group will post 8.86 EPS for the current year.

Institutional Trading of Arch Capital Group

Several hedge funds and other institutional investors have recently made changes to their positions in ACGL. Exchange Traded Concepts LLC purchased a new position in Arch Capital Group in the 3rd quarter worth $912,000. CX Institutional raised its stake in Arch Capital Group by 1,838.1% in the 3rd quarter. CX Institutional now owns 40,953 shares of the insurance provider’s stock worth $4,582,000 after acquiring an additional 38,840 shares during the last quarter. Creative Planning raised its stake in Arch Capital Group by 4.7% in the 3rd quarter. Creative Planning now owns 37,950 shares of the insurance provider’s stock worth $4,246,000 after acquiring an additional 1,720 shares during the last quarter. Asset Dedication LLC raised its stake in Arch Capital Group by 188.1% in the 3rd quarter. Asset Dedication LLC now owns 435 shares of the insurance provider’s stock worth $49,000 after acquiring an additional 284 shares during the last quarter. Finally, Sumitomo Life Insurance Co. raised its stake in Arch Capital Group by 2.4% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 21,610 shares of the insurance provider’s stock worth $2,418,000 after acquiring an additional 513 shares during 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.