Arch Capital Group (NASDAQ:ACGL) was downgraded by research analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research note issued on Tuesday, Briefing.com Automated Import reports. They presently have a $40.00 target price on the insurance provider’s stock, down from their previous target price of $44.00. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 1.14% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. ValuEngine downgraded shares of Arch Capital Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. Buckingham Research upped their price objective on shares of Arch Capital Group from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. BidaskClub downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Barclays set a $47.00 price objective on shares of Arch Capital Group and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, UBS Group upped their price objective on shares of Arch Capital Group from $39.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. Arch Capital Group currently has an average rating of “Hold” and an average target price of $39.71.

NASDAQ:ACGL traded down $0.33 on Tuesday, reaching $40.46. The stock had a trading volume of 2,514 shares, compared to its average volume of 1,298,072. The company has a market cap of $16.43 billion, a price-to-earnings ratio of 18.54, a P/E/G ratio of 1.47 and a beta of 0.63. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.54 and a quick ratio of 0.54. The firm’s fifty day moving average is $41.46 and its two-hundred day moving average is $38.20. Arch Capital Group has a 12-month low of $24.79 and a 12-month high of $42.86.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Tuesday, October 29th. The insurance provider reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.01. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.29 billion. Arch Capital Group had a net margin of 21.97% and a return on equity of 10.59%. During the same period in the prior year, the firm earned $0.53 EPS. As a group, research analysts forecast that Arch Capital Group will post 2.76 earnings per share for the current fiscal year.

In related news, CEO Maamoun Rajeh sold 20,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $39.08, for a total transaction of $781,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John D. Vollaro sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $40.01, for a total transaction of $400,100.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 108,400 shares of company stock valued at $4,321,815. Corporate insiders own 5.20% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Arch Capital Group by 0.5% in the second quarter. Vanguard Group Inc. now owns 35,525,261 shares of the insurance provider’s stock valued at $1,317,276,000 after acquiring an additional 166,559 shares in the last quarter. BlackRock Inc. grew its position in Arch Capital Group by 1.9% in the second quarter. BlackRock Inc. now owns 29,413,307 shares of the insurance provider’s stock valued at $1,090,644,000 after acquiring an additional 535,702 shares in the last quarter. Renaissance Technologies LLC grew its position in Arch Capital Group by 3.4% in the second quarter. Renaissance Technologies LLC now owns 5,083,600 shares of the insurance provider’s stock valued at $188,500,000 after acquiring an additional 166,000 shares in the last quarter. California Public Employees Retirement System grew its position in Arch Capital Group by 11.0% in the third quarter. California Public Employees Retirement System now owns 3,254,324 shares of the insurance provider’s stock valued at $136,617,000 after acquiring an additional 321,341 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its position in Arch Capital Group by 9.6% in the second quarter. UBS Asset Management Americas Inc. now owns 2,259,151 shares of the insurance provider’s stock valued at $83,769,000 after acquiring an additional 198,611 shares in the last quarter. 80.15% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Company Profile

Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; 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.

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Analyst Recommendations for Arch Capital Group (NASDAQ:ACGL)

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