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

Arch Capital Group (NASDAQ:ACGL) had its price target lowered by analysts at Keefe, Bruyette & Woods from $99.00 to $95.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has a “market perform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price points to a potential downside of 1.91% from the company’s current price.

Other analysts have also recently issued research reports about the company. Wells Fargo & Company reissued an “overweight” rating and issued a $107.00 price objective (down from $117.00) on shares of Arch Capital Group in a research report on Monday. Royal Bank Of Canada restated an “outperform” rating and set a $120.00 target price (up from $115.00) on shares of Arch Capital Group in a research note on Thursday, July 30th. Mizuho set a $100.00 target price on Arch Capital Group and gave the company a “neutral” rating in a research report on Wednesday, September 16th. Weiss Ratings raised Arch Capital Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Finally, Atlantic Securities set a $126.00 price target on Arch Capital Group in a research note on Wednesday, July 15th. Six investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $108.39.

Arch Capital Group Price Performance

Shares of ACGL opened at $96.85 on Monday. The company has a market cap of $33.05 billion, a price-to-earnings ratio of 7.57, a price-to-earnings-growth ratio of 2.93 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 company has a 50 day moving average of $97.14 and a two-hundred day moving average of $96.61.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Tuesday, July 28th. The insurance provider reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.09. The business had revenue of $4.67 billion for the quarter, compared to analyst estimates 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 period in the previous year, the company earned $2.58 earnings per share. As a group, analysts predict that Arch Capital Group will post 9.67 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Francois Morin sold 11,010 shares of Arch Capital Group stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $99.32, for a total transaction of $1,093,513.20. Following the completion of the sale, the chief financial officer owned 184,826 shares of the company’s stock, valued at $18,356,918.32. The trade was a 5.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Arch Capital Group

Several hedge funds and other institutional investors have recently bought and sold shares of ACGL. Twin Capital Management Inc. grew its position in shares of Arch Capital Group by 1.4% during the first quarter. Twin Capital Management Inc. now owns 8,177 shares of the insurance provider’s stock worth $785,000 after buying an additional 116 shares in the last quarter. Torren Management LLC increased its stake in shares of Arch Capital Group by 66.9% in the second quarter. Torren Management LLC now owns 292 shares of the insurance provider’s stock worth $28,000 after buying an additional 117 shares during the last quarter. V Square Quantitative Management LLC increased its stake in shares of Arch Capital Group by 1.3% in the first quarter. V Square Quantitative Management LLC now owns 9,453 shares of the insurance provider’s stock worth $907,000 after buying an additional 123 shares during the last quarter. Personal CFO Solutions LLC increased its stake in shares of Arch Capital Group by 1.4% in the first quarter. Personal CFO Solutions LLC now owns 10,238 shares of the insurance provider’s stock worth $983,000 after buying an additional 145 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC raised its holdings in Arch Capital Group by 4.3% in the first quarter. Cassaday & Co Wealth Management LLC now owns 4,022 shares of the insurance provider’s stock valued at $386,000 after acquiring an additional 164 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

About Arch Capital Group

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.