Royal Bank of Canada Has Lowered Expectations for Arch Capital Group (NASDAQ:ACGL) Stock Price

Arch Capital Group (NASDAQ:ACGL) had its target price decreased by Royal Bank of Canada from $125.00 to $110.00 in a report released on Wednesday morning,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the insurance provider’s stock.

Several other equities analysts have also recently issued reports on the company. JMP Securities reaffirmed a “market outperform” rating and issued a $125.00 price objective on shares of Arch Capital Group in a research report on Tuesday. JPMorgan Chase & Co. lowered their target price on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Barclays dropped their price objective 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. StockNews.com downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, BMO Capital Markets lifted 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 investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.93.

Arch Capital Group Stock Down 1.5 %

Shares of ACGL opened at $88.26 on Wednesday. The stock has a 50 day simple moving average of $92.89 and a two-hundred day simple moving average of $101.06. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58. Arch Capital Group has a 1 year low of $83.12 and a 1 year high of $116.47. The firm has a market cap of $33.21 billion, a P/E ratio of 5.92, a P/E/G ratio of 1.53 and a beta of 0.64.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data 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 return on equity of 18.94% and a net margin of 33.86%. During the same period last year, the company posted $2.45 EPS. On average, analysts forecast that Arch Capital Group will post 8.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Arch Capital Group

Several hedge funds have recently bought and sold shares of ACGL. Exchange Traded Concepts LLC bought a new position in Arch Capital Group in the third quarter worth approximately $912,000. CX Institutional increased its stake in shares of Arch Capital Group by 1,838.1% during the third quarter. CX Institutional now owns 40,953 shares of the insurance provider’s stock valued at $4,582,000 after buying an additional 38,840 shares during the period. Creative Planning raised its holdings in shares of Arch Capital Group by 4.7% in the third quarter. Creative Planning now owns 37,950 shares of the insurance provider’s stock valued at $4,246,000 after acquiring an additional 1,720 shares in the last quarter. Asset Dedication LLC lifted its stake in Arch Capital Group by 188.1% in the third 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 period. Finally, Sumitomo Life Insurance Co. grew its holdings in Arch Capital Group by 2.4% during 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 in the last quarter. 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.