Arch Capital Group (NASDAQ:ACGL) Stock Gets Price Target Reduction from JPMorgan Chase & Co.

Arch Capital Group (NASDAQ:ACGL) had its price target decreased by JPMorgan Chase & Co. from $118.00 to $113.00 in a report released on Friday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the insurance provider’s stock.

Several other analysts have also recently issued reports on ACGL. Mizuho set a $100.00 price objective on Arch Capital Group and gave the company a “neutral” rating in a research note on Wednesday, September 16th. Weiss Ratings downgraded Arch Capital Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, September 24th. Cantor Fitzgerald decreased their target price on Arch Capital Group from $110.00 to $105.00 and set a “neutral” rating for the company in a research report on Wednesday, October 7th. Atlantic Securities set a $126.00 target price on Arch Capital Group in a research report on Wednesday, July 15th. Finally, Wells Fargo & Company boosted their price target on Arch Capital Group from $114.00 to $117.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $109.75.

Arch Capital Group Price Performance

ACGL opened at $95.57 on Friday. The company has a market capitalization of $32.61 billion, a P/E ratio of 7.47, a PEG ratio of 2.88 and a beta of 0.28. The company has a 50-day moving average of $97.27 and a 200-day moving average of $96.56. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.57 and a current ratio of 0.57. Arch Capital Group has a 1-year low of $82.44 and a 1-year high of $107.08.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Tuesday, July 28th. The insurance provider reported $2.56 EPS for the quarter, topping the consensus estimate of $2.47 by $0.09. The business had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $4.36 billion. Arch Capital Group had a net margin of 24.40% and a return on equity of 17.06%. During the same quarter last year, the company posted $2.58 earnings per share. Equities analysts expect that Arch Capital Group will post 9.67 EPS for the current fiscal year.

Insider Buying and Selling at Arch Capital Group

In other news, CFO Francois Morin sold 11,010 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $99.32, for a total value of $1,093,513.20. Following the transaction, the chief financial officer directly owned 184,826 shares in the company, valued at approximately $18,356,918.32. This trade represents a 5.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Twin Capital Management Inc. lifted its holdings in Arch Capital Group by 1.4% in the first quarter. Twin Capital Management Inc. now owns 8,177 shares of the insurance provider’s stock worth $785,000 after acquiring an additional 116 shares during the last quarter. Torren Management LLC boosted its stake in Arch Capital Group by 66.9% in the second quarter. Torren Management LLC now owns 292 shares of the insurance provider’s stock valued at $28,000 after acquiring an additional 117 shares during the period. V Square Quantitative Management LLC grew its holdings in shares of Arch Capital Group by 1.3% during the first quarter. V Square Quantitative Management LLC now owns 9,453 shares of the insurance provider’s stock valued at $907,000 after purchasing an additional 123 shares during the last quarter. Personal CFO Solutions LLC grew its holdings in shares of Arch Capital Group by 1.4% during the first quarter. Personal CFO Solutions LLC now owns 10,238 shares of the insurance provider’s stock valued at $983,000 after purchasing an additional 145 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC grew its holdings in shares of Arch Capital Group by 4.3% during the first quarter. Cassaday & Co Wealth Management LLC now owns 4,022 shares of the insurance provider’s stock valued at $386,000 after purchasing an additional 164 shares during the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Arch Capital Group Company Profile

Arch Capital Group Ltd. is a Bermuda-based insurance, reinsurance and mortgage insurance company whose shares trade on the Nasdaq under the symbol ACGL. The company was established in 1995 and has developed into a global provider of specialty risk-management products and services.

Through its insurance operations, Arch offers property, casualty, specialty, and accident and health coverage to businesses and other policyholders. Its reinsurance operations provide coverage and risk-transfer solutions to insurance companies across a range of property and casualty lines.