Arch Capital Group (NASDAQ:ACGL) Price Target Lowered to $110.00 at Morgan Stanley

Arch Capital Group (NASDAQ:ACGL) had its price target cut by stock analysts at Morgan Stanley from $115.00 to $110.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the insurance provider’s stock. Morgan Stanley’s price target indicates a potential upside of 21.92% from the company’s previous close.

Other analysts have also recently issued research reports about the company. BMO Capital Markets boosted their price target on Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 6th. Wells Fargo & Company reduced their price target on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a research report on Wednesday. Royal Bank of Canada reduced their price target on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a research report on Wednesday. StockNews.com cut Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Keefe, Bruyette & Woods reduced their price target on Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $116.53.

Arch Capital Group Price Performance

ACGL opened at $90.22 on Friday. The stock has a market cap of $33.94 billion, a price-to-earnings ratio of 6.06, a PEG ratio of 1.53 and a beta of 0.64. Arch Capital Group has a 1 year low of $83.91 and a 1 year high of $116.47. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17. The stock has a fifty day moving average price of $92.72 and a 200 day moving average price of $100.99.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results 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 in the previous year, the company earned $2.45 earnings per share. Analysts forecast that Arch Capital Group will post 8.86 EPS for the current fiscal year.

Hedge Funds Weigh In On Arch Capital Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new position in shares of Arch Capital Group in the 3rd quarter worth approximately $25,000. Cullen Frost Bankers Inc. acquired a new position in shares of Arch Capital Group in the 4th quarter worth approximately $37,000. Golden State Wealth Management LLC acquired a new position in shares of Arch Capital Group in the 4th quarter worth approximately $42,000. Y.D. More Investments Ltd boosted its holdings 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 acquiring an additional 260 shares in the last quarter. Finally, Asset Dedication LLC boosted its holdings in shares of Arch Capital Group by 188.1% in the 3rd 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. 89.07% of the stock is currently owned by institutional investors.

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.