Arch Re Price Target Raised
Equities research analysts at Barclays Capital raised their price target on shares of Bermuda’s Arch Capital from $38.00 to $46.00 in a research issued note to investors on yesterday [Jan.4]. They currently have an “overweight” rating on the company’s shares.
Separately, analysts at Credit Suisse initiated coverage on shares of Arch Capital in a research note to investors on Wednesday, December 7. They set a “neutral” rating on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Arch Capital to $34.00 in a research note to investors on Thursday, October 27.
Also, analysts at UBS AG cut their EPS estimates on shares of Arch Capital in a research note on Wednesday. They now have a “neutral” rating and a $34.00 price target on the stock.
Arch Capital Group Ltd. writes insurance and reinsurance on a worldwide basis. The company operates in two underwriting segments: insurance and reinsurance.
Its insurance operations are conducted in Bermuda, the United States, Europe, Canada, Australia and South Africa. Its reinsurance operations are conducted on a worldwide basis through its reinsurance subsidiaries, Arch Re Bermuda and Arch Re US, including treaty and property facultative reinsurance operations and Arch Re Europe.
Arch Re Bermuda is headquartered in Hamilton. Arch Re US operates out of its office in Morristown, New Jersey.
Shares of Arch Capital traded down 1.95% during mid-day trading on Wednesday, hitting $36.75. Arch Capital has a 52 week low of $28.54 and a 52 week high of $37.99. The stock’s 50-day moving average is $36.84 and its 200-day moving average is $34.22. The company has a market cap of $4.931 billion and a price-to-earnings ratio of 10.56.
