Arch Capital Group (NASDAQ:ACGL) Given New $99.00 Price Target at Keefe, Bruyette & Woods

Arch Capital Group (NASDAQ:ACGL) had its target price lowered by Keefe, Bruyette & Woods from $102.00 to $99.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential downside of 3.74% from the company’s current price.

Several other research analysts have also issued reports on the company. Weiss Ratings lowered Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. JPMorgan Chase & Co. decreased their price target on Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. Citigroup boosted their price objective on Arch Capital Group from $120.00 to $122.50 and gave the company a “buy” rating in a report on Thursday, April 30th. Mizuho dropped their price objective on Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Finally, Wells Fargo & Company upped their price objective on Arch Capital Group from $109.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Arch Capital Group has an average rating of “Hold” and a consensus price target of $106.96.

Arch Capital Group Price Performance

ACGL stock opened at $102.85 on Wednesday. Arch Capital Group has a 12 month low of $82.44 and a 12 month high of $105.09. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average price of $94.06 and a 200 day moving average price of $95.37. The stock has a market cap of $35.93 billion, a PE ratio of 7.90, a P/E/G ratio of 5.10 and a beta of 0.31.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. The company had revenue of $4.52 billion for the quarter. Equities research analysts anticipate that Arch Capital Group will post 9.29 earnings per share for the current year.

Insider Activity

In other Arch Capital Group news, Director Brian S. Posner sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $19.66, for a total transaction of $58,980.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Daniel Joseph Houston purchased 5,300 shares of Arch Capital Group stock in a transaction dated Thursday, April 30th. The stock was acquired at an average price of $94.08 per share, with a total value of $498,624.00. Following the acquisition, the director owned 9,915 shares in the company, valued at approximately $932,803.20. This represents a 114.84% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 3.30% of the company’s stock.

Hedge Funds Weigh In On Arch Capital Group

Institutional investors have recently bought and sold shares of the business. Elyxium Wealth LLC purchased a new stake in Arch Capital Group during the fourth quarter worth $27,000. WealthCollab LLC lifted its stake in shares of Arch Capital Group by 410.3% during the 3rd quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 238 shares during the last quarter. JPL Wealth Management LLC purchased a new position in Arch Capital Group in the third quarter valued at about $28,000. Grove Bank & Trust purchased a new position in Arch Capital Group in the fourth quarter valued at about $30,000. Finally, Aventura Private Wealth LLC bought a new stake in shares of Arch Capital Group in the 4th quarter valued at about $30,000. 89.07% of the stock is owned by hedge funds and other institutional investors.

About Arch Capital Group

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.