Arch Capital Group (NASDAQ:ACGL) Price Target Cut to $106.00 by Analysts at JPMorgan Chase & Co.

Arch Capital Group (NASDAQ:ACGL) had its price target cut by JPMorgan Chase & Co. from $110.00 to $106.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have a neutral rating on the insurance provider’s stock.

Other equities research analysts have also recently issued research reports about the company. TD Cowen upped their target price on Arch Capital Group from $116.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Citigroup raised their target price on shares of Arch Capital Group from $105.00 to $114.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Royal Bank of Canada cut their target price on shares of Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. JMP Securities raised their price target on Arch Capital Group from $115.00 to $125.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 15th. Finally, Evercore ISI boosted their price objective on Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 9th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $118.13.

Arch Capital Group Stock Up 0.0 %

Arch Capital Group stock opened at $91.40 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17. Arch Capital Group has a 1-year low of $74.85 and a 1-year high of $116.47. The firm’s fifty day simple moving average is $96.72 and its 200-day simple moving average is $102.16. The company has a market capitalization of $34.39 billion, a P/E ratio of 6.13, a P/E/G ratio of 1.49 and a beta of 0.62.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.05. The company had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same quarter in the previous year, the firm earned $2.31 earnings per share. Sell-side analysts forecast that Arch Capital Group will post 8.99 earnings per share for the current fiscal year.

Arch Capital Group Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were paid a $5.00 dividend. The ex-dividend date was Monday, November 18th.

Institutional Trading of Arch Capital Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quantbot Technologies LP acquired a new stake in Arch Capital Group during the third quarter valued at approximately $25,000. Rothschild Investment LLC bought a new position in shares of Arch Capital Group during the 2nd quarter worth approximately $35,000. Compagnie Lombard Odier SCmA acquired a new stake in Arch Capital Group in the 3rd quarter valued at $46,000. UMB Bank n.a. grew its position in Arch Capital Group by 41.9% in the third quarter. UMB Bank n.a. now owns 427 shares of the insurance provider’s stock valued at $48,000 after acquiring an additional 126 shares during the period. Finally, Asset Dedication LLC raised its stake in Arch Capital Group by 188.1% during 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 in 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.