Arch Capital Group (NASDAQ:ACGL) Price Target Cut to $113.00 by Analysts at Keefe, Bruyette & Woods

Arch Capital Group (NASDAQ:ACGL) had its price target lowered by Keefe, Bruyette & Woods from $120.00 to $113.00 in a research report sent to investors on Thursday,Benzinga reports. The brokerage currently has an outperform rating on the insurance provider’s stock.

ACGL has been the subject of a number of other research reports. BMO Capital Markets upped their price objective on Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 6th. Wells Fargo & Company dropped their price target on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a research note on Wednesday. Royal Bank of Canada reduced their price objective on shares of Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a research report on Wednesday. StockNews.com downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Bank of America cut their target price on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Arch Capital Group presently has an average rating of “Moderate Buy” and a consensus target price of $116.47.

Arch Capital Group Stock Performance

ACGL opened at $90.16 on Thursday. The company has a 50 day simple moving average of $92.72 and a two-hundred day simple moving average of $100.99. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58. The firm has a market cap of $33.92 billion, a P/E ratio of 6.05, a PEG ratio of 1.53 and a beta of 0.64. Arch Capital Group has a 1-year low of $83.91 and a 1-year high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.36. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. During the same period in the prior year, the company posted $2.45 earnings per share. Equities analysts forecast that Arch Capital Group will post 8.86 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new stake in shares of Arch Capital Group in the 3rd quarter valued at approximately $25,000. Cullen Frost Bankers Inc. purchased a new stake in Arch Capital Group during the 4th quarter valued at $37,000. Golden State Wealth Management LLC bought a new stake in Arch Capital Group in the fourth quarter worth $42,000. Y.D. More Investments Ltd boosted its stake in Arch Capital Group by 125.6% during the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock worth $43,000 after buying an additional 260 shares during the period. Finally, Asset Dedication LLC increased its position in Arch Capital Group by 188.1% during the third quarter. Asset Dedication LLC now owns 435 shares of the insurance provider’s stock valued at $49,000 after acquiring an additional 284 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Company Profile

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.