Keefe, Bruyette & Woods Lowers Arch Capital Group (NASDAQ:ACGL) Price Target to $120.00

Arch Capital Group (NASDAQ:ACGL) had its target price lowered by research analysts at Keefe, Bruyette & Woods from $121.00 to $120.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 30.76% from the company’s previous close.

ACGL has been the topic of several other reports. Bank of America reduced their price target on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. StockNews.com cut shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. decreased 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. TD Cowen lifted their target price on shares of Arch Capital Group from $116.00 to $138.00 and gave the company a “buy” rating in a report on Friday, September 20th. Finally, BMO Capital Markets upped their price target 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. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $116.81.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $91.77 on Friday. The firm has a market capitalization of $34.53 billion, a price-to-earnings ratio of 6.16, a PEG ratio of 1.49 and a beta of 0.64. The stock has a fifty day moving average of $95.80 and a 200 day moving average of $101.88. Arch Capital Group has a 52 week low of $76.82 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.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.05. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. The firm had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the firm posted $2.31 EPS. As a group, research analysts expect that Arch Capital Group will post 8.99 earnings per share for the current year.

Institutional Investors Weigh In On Arch Capital Group

Hedge funds have recently added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. increased its position in Arch Capital Group by 5.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 111,229 shares of the insurance provider’s stock valued at $12,444,000 after acquiring an additional 5,614 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Arch Capital Group by 10.0% during the 3rd 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 during the period. Banque Cantonale Vaudoise lifted its stake 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 worth $6,201,000 after purchasing an additional 35,060 shares during the period. Metis Global Partners LLC boosted its holdings in shares of Arch Capital Group by 26.6% in the third 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, Signaturefd LLC grew its position in Arch Capital Group by 6.8% during the third quarter. Signaturefd LLC now owns 2,952 shares of the insurance provider’s stock valued at $330,000 after buying an additional 187 shares during the period. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

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.