Arch Capital Group (NASDAQ:ACGL) Given New $113.00 Price Target at Keefe, Bruyette & Woods

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

A number of other equities analysts also recently commented on the stock. BMO Capital Markets upped their target price on shares of 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. StockNews.com lowered Arch Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Bank of America reduced their price objective on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a report on Friday, November 15th. JMP Securities reiterated a “market outperform” rating and issued a $125.00 target price on shares of Arch Capital Group in a report on Tuesday. Finally, JPMorgan Chase & Co. cut their price target on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Arch Capital Group presently has an average rating of “Moderate Buy” and a consensus price target of $116.47.

Arch Capital Group Price Performance

ACGL opened at $90.16 on Thursday. The business has a fifty day moving average of $92.72 and a 200 day moving average of $100.99. The stock 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. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. Arch Capital Group has a 52-week low of $83.91 and a 52-week high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last released 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 return on equity of 18.94% and a net margin of 33.86%. During the same quarter in the prior year, the business earned $2.45 earnings per share. As a group, sell-side analysts anticipate that Arch Capital Group will post 8.86 EPS for the current year.

Institutional Inflows and Outflows

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