Arch Capital Group (NASDAQ:ACGL) Stock Price Target Lowered at Keefe, Bruyette & Woods

Arch Capital Group (NASDAQ:ACGL) had its price target trimmed by Keefe, Bruyette & Woods from $99.00 to $95.00 in a report published on Monday,Benzinga reports. The firm currently has a market perform rating on the insurance provider’s stock.

Other analysts have also issued reports about the stock. Mizuho set a $100.00 target price on shares of Arch Capital Group and gave the stock a “neutral” rating in a report on Wednesday, September 16th. Weiss Ratings raised Arch Capital Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Citigroup restated a “market outperform” rating on shares of Arch Capital Group in a report on Wednesday, July 29th. UBS Group reaffirmed a “buy” rating and set a $120.00 price target (up from $114.00) on shares of Arch Capital Group in a research report on Wednesday, July 8th. Finally, Atlantic Securities set a $126.00 price target on Arch Capital Group in a research report on Wednesday, July 15th. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $108.75.

Arch Capital Group Trading Up 1.7%

Shares of ACGL opened at $97.16 on Monday. The stock has a market capitalization of $33.15 billion, a P/E ratio of 7.60, a PEG ratio of 2.88 and a beta of 0.28. Arch Capital Group has a twelve month low of $82.44 and a twelve month high of $107.08. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.23. The firm has a fifty day simple moving average of $97.19 and a two-hundred day simple moving average of $96.59.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Tuesday, July 28th. The insurance provider reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.47 by $0.09. The firm had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $4.36 billion. Arch Capital Group had a net margin of 24.40% and a return on equity of 17.06%. During the same quarter in the previous year, the company earned $2.58 earnings per share. On average, research analysts anticipate that Arch Capital Group will post 9.67 EPS for the current year.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 11,010 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $99.32, for a total transaction of $1,093,513.20. Following the transaction, the chief financial officer directly owned 184,826 shares of the company’s stock, valued at approximately $18,356,918.32. The trade was a 5.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.30% of the company’s stock.

Institutional Investors Weigh In On Arch Capital Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Horizons Wealth Management purchased a new stake in Arch Capital Group in the third quarter worth about $25,000. Torren Management LLC grew its holdings in shares of Arch Capital Group by 66.9% during the 2nd quarter. Torren Management LLC now owns 292 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 117 shares during the period. MidFirst Bank purchased a new position in shares of Arch Capital Group during the 4th quarter worth approximately $46,000. Continuum Advisory LLC purchased a new position in shares of Arch Capital Group during the 2nd quarter worth approximately $46,000. Finally, Westpac Banking Corp bought a new position in shares of Arch Capital Group in the 1st quarter worth approximately $69,000. 89.07% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Company Profile

Arch Capital Group Ltd. is a Bermuda-based insurance, reinsurance and mortgage insurance company whose shares trade on the Nasdaq under the symbol ACGL. The company was established in 1995 and has developed into a global provider of specialty risk-management products and services.

Through its insurance operations, Arch offers property, casualty, specialty, and accident and health coverage to businesses and other policyholders. Its reinsurance operations provide coverage and risk-transfer solutions to insurance companies across a range of property and casualty lines.