Wells Fargo lowered the firm’s price target on Arch Capital (ACGL) to $106 from $107 and keeps an Overweight rating on the shares. The firm notes Arch traded down on combination of noise in insurance ULR and higher cat load.
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Read More on ACGL:
- Arch Capital Reports Q4 2024 Earnings Amid Catastrophic Losses
- Arch Capital’s Resilient Growth Amidst Challenges
- Arch Capital Group: Strong Underwriting Performance and Financial Metrics Justify Buy Rating
- Arch Capital reports Q4 EPS $2.26, consensus $1.80
- Arch Capital options imply 3.6% move in share price post-earnings