Arch Capital Group (NASDAQ:ACGL) Given New $120.00 Price Target at Keefe, Bruyette & Woods

Arch Capital Group (NASDAQ:ACGL - Get Free Report) had its price target dropped by investment analysts at Keefe, Bruyette & Woods from $121.00 to $120.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the insurance provider's stock. Keefe, Bruyette & Woods' price objective points to a potential upside of 33.08% from the company's current price.

Other analysts also recently issued reports about the stock. JMP Securities lifted their price target on shares of Arch Capital Group from $115.00 to $125.00 and gave the company a "market outperform" rating in a report on Tuesday, October 15th. Bank of America reduced their target price 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. TD Cowen increased their price target on Arch Capital Group from $116.00 to $138.00 and gave the company a "buy" rating in a research note on Friday, September 20th. Jefferies Financial Group lifted their price objective on Arch Capital Group from $114.00 to $134.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada lowered their target price on Arch Capital Group from $128.00 to $125.00 and set an "outperform" rating for the company in a research report on Friday, November 1st. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $116.81.

Arch Capital Group Price Performance

Shares of NASDAQ:ACGL traded down $2.49 during trading on Friday, hitting $90.17. 2,896,396 shares of the company's stock were exchanged, compared to its average volume of 1,863,982. The business's 50-day simple moving average is $95.80 and its 200 day simple moving average is $101.88. The company has a market cap of $33.93 billion, a price-to-earnings ratio of 6.05, a PEG ratio of 1.49 and a beta of 0.64. Arch Capital Group has a 52-week low of $76.82 and a 52-week high of $116.47. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.94 by $0.05. The business had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.05 billion. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. During the same period last year, the firm posted $2.31 EPS. As a group, equities analysts predict that Arch Capital Group will post 8.99 EPS for the current year.

Institutional Investors Weigh In On Arch Capital Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Daiwa Securities Group Inc. raised its holdings in shares of Arch Capital Group by 10.9% in the 2nd quarter. Daiwa Securities Group Inc. now owns 40,799 shares of the insurance provider's stock valued at $4,116,000 after purchasing an additional 4,022 shares in the last quarter. LPL Financial LLC raised its stake in Arch Capital Group by 7.9% in the second quarter. LPL Financial LLC now owns 307,334 shares of the insurance provider's stock worth $31,007,000 after buying an additional 22,574 shares in the last quarter. American Century Companies Inc. lifted its holdings in Arch Capital Group by 6.0% during the second quarter. American Century Companies Inc. now owns 344,852 shares of the insurance provider's stock worth $34,792,000 after buying an additional 19,411 shares during the period. Jupiter Asset Management Ltd. boosted its position in Arch Capital Group by 0.7% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 205,362 shares of the insurance provider's stock valued at $20,719,000 after acquiring an additional 1,335 shares in the last quarter. Finally, BOKF NA increased its holdings in shares of Arch Capital Group by 487.4% in the 2nd quarter. BOKF NA now owns 3,260 shares of the insurance provider's stock valued at $329,000 after acquiring an additional 2,705 shares during the period. 89.07% of the stock is owned by institutional investors.

About Arch Capital Group

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.