Barclays Cuts Arch Capital Group (NASDAQ:ACGL) Price Target to $93.00

Arch Capital Group (NASDAQ:ACGL) had its price objective cut by Barclays from $100.00 to $93.00 in a report published on Friday, Marketbeat reports. They currently have an equal weight rating on the insurance provider’s stock.

Other equities analysts have also issued research reports about the stock. Keefe, Bruyette & Woods reduced their price target on shares of Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. JMP Securities restated 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. Jefferies Financial Group lifted their price target on shares of Arch Capital Group from $105.00 to $106.00 and gave the stock a “buy” rating in a report on Friday. UBS Group reduced their price objective on Arch Capital Group from $127.00 to $124.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. boosted their target price on Arch Capital Group from $106.00 to $107.00 and gave the company a “neutral” rating in a research note on Tuesday, April 8th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $114.88.

Arch Capital Group Price Performance

Arch Capital Group stock opened at $92.13 on Friday. The stock has a market cap of $34.61 billion, a P/E ratio of 8.23, a P/E/G ratio of 2.31 and a beta of 0.36. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. The company’s 50 day moving average price is $91.52 and its two-hundred day moving average price is $96.40. 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 issued its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, topping analysts’ consensus estimates 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 quarter last year, the company earned $2.45 EPS. On average, equities analysts predict that Arch Capital Group will post 8.42 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Louis T. Petrillo sold 11,600 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 140,023 shares of the company’s stock, valued at $12,742,093. This represents a 7.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Arch Capital Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Capital A Wealth Management LLC bought a new stake in shares of Arch Capital Group in the 4th quarter worth approximately $25,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Arch Capital Group in the fourth quarter worth $37,000. Golden State Wealth Management LLC bought a new position in shares of Arch Capital Group during the fourth quarter valued at $42,000. Y.D. More Investments Ltd raised its position in shares of Arch Capital Group by 125.6% in the 4th 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 last quarter. Finally, Quarry LP bought a new position in Arch Capital Group in the 4th quarter worth about $58,000. 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.