Arch Capital Group (NASDAQ:ACGL) Price Target Cut to $124.00 by Analysts at UBS Group

Arch Capital Group (NASDAQ:ACGL) had its target price reduced by UBS Group from $127.00 to $124.00 in a report released on Wednesday,Benzinga reports. UBS Group currently has a buy rating on the insurance provider’s stock.

Other equities research analysts have also recently issued reports about the stock. Keefe, Bruyette & Woods cut their price objective on shares of Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Barclays dropped their price target on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. Morgan Stanley decreased their price objective on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, February 14th. JPMorgan Chase & Co. boosted their target price on Arch Capital Group from $106.00 to $107.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $125.00 price target on shares of Arch Capital Group in a research note on Tuesday, February 11th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $114.88.

Arch Capital Group Price Performance

Shares of NASDAQ:ACGL opened at $92.13 on Wednesday. The firm’s 50 day moving average is $91.52 and its two-hundred day moving average is $96.51. The firm has a market capitalization of $34.61 billion, a P/E ratio of 8.23, a PEG ratio of 2.31 and a beta of 0.36. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. Arch Capital Group has a 52 week low of $82.49 and a 52 week high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, beating the consensus estimate of $1.90 by $0.36. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. During the same period in the previous year, the company posted $2.45 EPS. Analysts anticipate that Arch Capital Group will post 8.42 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Louis T. Petrillo sold 11,600 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 140,023 shares in the company, valued at approximately $12,742,093. This represents a 7.65 % decrease in their position. The sale 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 currently owned by company insiders.

Institutional Trading of Arch Capital Group

A number of hedge funds have recently modified their holdings of the business. Capital A Wealth Management LLC acquired a new position in Arch Capital Group during the fourth quarter valued at $25,000. Cullen Frost Bankers Inc. acquired a new position in shares of Arch Capital Group in the 4th quarter valued at about $37,000. Golden State Wealth Management LLC purchased a new stake in shares of Arch Capital Group in the fourth quarter worth approximately $42,000. Y.D. More Investments Ltd boosted its holdings in shares of Arch Capital Group by 125.6% during the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 260 shares during the period. Finally, Quarry LP purchased a new position in Arch Capital Group during the fourth quarter valued at approximately $58,000. Hedge funds and other 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.