UBS Group Issues Pessimistic Forecast for Arch Capital Group (NASDAQ:ACGL) Stock Price

Arch Capital Group (NASDAQ:ACGL) had its price target reduced by investment analysts at UBS Group from $124.00 to $118.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the insurance provider’s stock. UBS Group’s price target would suggest a potential upside of 33.09% from the company’s current price.

A number of other research analysts have also issued reports on the stock. Wells Fargo & Company reduced their target price on shares of Arch Capital Group from $110.00 to $107.00 and set an “overweight” rating on the stock in a report on Thursday, July 31st. Morgan Stanley set a $110.00 price objective on shares of Arch Capital Group and gave the company an “overweight” rating in a research note on Monday, May 19th. Barclays decreased their target price on shares of Arch Capital Group from $100.00 to $93.00 and set an “equal weight” rating on the stock in a research report on Friday, April 11th. JPMorgan Chase & Co. boosted their price target on Arch Capital Group from $106.00 to $107.00 and gave the company a “neutral” rating in a report on Tuesday, April 8th. Finally, Jefferies Financial Group lowered Arch Capital Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from $106.00 to $100.00 in a research note on Tuesday, June 10th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $113.07.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $88.66 on Monday. The stock has a fifty day moving average price of $90.14 and a 200 day moving average price of $91.50. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.56 and a current ratio of 0.56. The stock has a market cap of $33.23 billion, a PE ratio of 9.15, a P/E/G ratio of 6.63 and a beta of 0.49. Arch Capital Group has a 1 year low of $82.49 and a 1 year high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Tuesday, July 29th. The insurance provider reported $2.58 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.28. The firm had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Arch Capital Group had a net margin of 19.49% and a return on equity of 15.33%. During the same period in the prior year, the company earned $2.57 EPS. Sell-side analysts forecast that Arch Capital Group will post 8.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider John M. Pasquesi sold 75,060 shares of the firm’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $94.01, for a total value of $7,056,390.60. Following the transaction, the insider directly owned 579,218 shares in the company, valued at $54,452,284.18. This trade represents a 11.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Louis T. Petrillo sold 16,650 shares of Arch Capital Group stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $94.53, for a total value of $1,573,924.50. Following the completion of the transaction, the insider directly owned 140,023 shares in the company, valued at $13,236,374.19. This represents a 10.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,340 shares of company stock worth $9,824,861 over the last three months. 4.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Arch Capital Group

Several institutional investors have recently bought and sold shares of ACGL. Nuveen LLC acquired a new position in shares of Arch Capital Group during the 1st quarter valued at $399,651,000. First Trust Advisors LP raised its position in Arch Capital Group by 663.3% in the fourth quarter. First Trust Advisors LP now owns 2,462,382 shares of the insurance provider’s stock valued at $227,401,000 after purchasing an additional 2,139,782 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Arch Capital Group by 30.5% during the first quarter. JPMorgan Chase & Co. now owns 7,470,591 shares of the insurance provider’s stock worth $718,522,000 after purchasing an additional 1,743,945 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Arch Capital Group in the fourth quarter worth about $151,342,000. Finally, GAMMA Investing LLC boosted its position in shares of Arch Capital Group by 10,817.9% in the first quarter. GAMMA Investing LLC now owns 806,181 shares of the insurance provider’s stock worth $775,380,000 after buying an additional 798,797 shares during the period. 89.07% of the stock is currently owned by hedge funds and other 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.