Keefe, Bruyette & Woods Lowers Arch Capital Group (NASDAQ:ACGL) Price Target to $113.00

Arch Capital Group (NASDAQ:ACGL) had its price objective cut by analysts at Keefe, Bruyette & Woods from $120.00 to $113.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 27.20% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. cut their target price on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. Bank of America dropped 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 report on Friday, November 15th. Barclays dropped their price objective on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Wells Fargo & Company lowered their price target on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $125.00 price target on shares of Arch Capital Group in a research report on Tuesday. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Arch Capital Group currently has an average rating of “Moderate Buy” and an average price target of $116.47.

Arch Capital Group Stock Performance

NASDAQ ACGL traded up $0.58 during trading on Thursday, hitting $88.84. The company’s stock had a trading volume of 176,480 shares, compared to its average volume of 1,923,217. Arch Capital Group has a 52 week low of $83.91 and a 52 week high of $116.47. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. The firm has a market cap of $33.42 billion, a P/E ratio of 5.96, a price-to-earnings-growth ratio of 1.53 and a beta of 0.64. The firm has a 50 day moving average price of $92.89 and a 200 day moving average price of $101.06.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same quarter in the previous year, the firm earned $2.45 EPS. Equities research analysts forecast that Arch Capital Group will post 8.86 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in Arch Capital Group by 3.5% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 197,111 shares of the insurance provider’s stock worth $18,203,000 after buying an additional 6,663 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of Arch Capital Group by 5.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 111,229 shares of the insurance provider’s stock worth $12,444,000 after acquiring an additional 5,614 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Arch Capital Group by 10.0% during the third quarter. PNC Financial Services Group Inc. now owns 71,721 shares of the insurance provider’s stock valued at $8,024,000 after purchasing an additional 6,521 shares in the last quarter. Metis Global Partners LLC lifted its stake in Arch Capital Group by 26.6% during the third quarter. Metis Global Partners LLC now owns 25,465 shares of the insurance provider’s stock worth $2,849,000 after purchasing an additional 5,345 shares during the last quarter. Finally, Banque Cantonale Vaudoise boosted its holdings in shares of Arch Capital Group by 172.2% in the 3rd quarter. Banque Cantonale Vaudoise now owns 55,423 shares of the insurance provider’s stock valued at $6,201,000 after purchasing an additional 35,060 shares in the last quarter. 89.07% of the stock is owned by 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.