Barclays Cuts Arch Capital Group (NASDAQ:ACGL) Price Target to $100.00

Arch Capital Group (NASDAQ:ACGL) had its price objective trimmed by Barclays from $120.00 to $100.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has an equal weight rating on the insurance provider’s stock.

Several other equities analysts also recently commented on ACGL. BMO Capital Markets upped their price objective 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. StockNews.com downgraded Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. cut their price objective on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. TD Cowen upped their price objective on Arch Capital Group from $116.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Finally, Bank of America dropped their price target on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.88.

Arch Capital Group Stock Performance

NASDAQ:ACGL opened at $92.66 on Monday. The stock’s fifty day moving average is $95.92 and its 200 day moving average is $101.94. Arch Capital Group has a fifty-two week low of $74.85 and a fifty-two week high of $116.47. The firm has a market capitalization of $34.86 billion, a PE ratio of 6.22, a PEG ratio of 1.49 and a beta of 0.64. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.05. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. The company had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the prior year, the firm posted $2.31 EPS. On average, sell-side analysts anticipate that Arch Capital Group will post 8.99 earnings per share for the current year.

Arch Capital Group Announces Dividend

The company also recently announced a special dividend, which was paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th were issued a $5.00 dividend. The ex-dividend date of this dividend was Monday, November 18th.

Hedge Funds Weigh In On Arch Capital Group

A number of large investors have recently added to or reduced their stakes in ACGL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Arch Capital Group by 245.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,739 shares of the insurance provider’s stock worth $341,652,000 after acquiring an additional 2,168,897 shares during the last quarter. Erste Asset Management GmbH purchased a new stake in shares of Arch Capital Group during the third quarter worth about $82,748,000. National Pension Service purchased a new stake in shares of Arch Capital Group during the third quarter worth about $64,271,000. International Assets Investment Management LLC grew its stake in shares of Arch Capital Group by 18,634.1% during the third quarter. International Assets Investment Management LLC now owns 551,345 shares of the insurance provider’s stock worth $616,840,000 after acquiring an additional 548,402 shares during the last quarter. Finally, Brandes Investment Partners LP purchased a new stake in shares of Arch Capital Group during the second quarter worth about $48,119,000. 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.