Keefe, Bruyette & Woods Issues Pessimistic Forecast for Arch Capital Group (NASDAQ:ACGL) Stock Price

Arch Capital Group (NASDAQ:ACGL - Free Report) had its price objective trimmed by Keefe, Bruyette & Woods from $120.00 to $113.00 in a research note released on Thursday morning,Benzinga reports. The firm currently has an outperform rating on the insurance provider's stock.

ACGL has been the subject of a number of other research reports. StockNews.com lowered Arch Capital Group from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Bank of America decreased their target price on Arch Capital Group from $143.00 to $136.00 and set a "buy" rating for the company in a research report on Friday, November 15th. Royal Bank of Canada reduced their price objective on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. Barclays cut their target price on Arch Capital Group from $120.00 to $100.00 and set an "equal weight" rating on the stock in a research note on Monday, January 6th. Finally, Wells Fargo & Company dropped their price objective on Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 12th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $116.53.

Arch Capital Group Price Performance

NASDAQ:ACGL traded down $1.96 during trading hours on Thursday, hitting $88.20. The company's stock had a trading volume of 1,823,977 shares, compared to its average volume of 1,882,892. The business's 50-day moving average is $92.53 and its two-hundred day moving average is $100.98. The company has a market capitalization of $33.18 billion, a PE ratio of 5.92, a PEG ratio of 1.53 and a beta of 0.64. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58. Arch Capital Group has a 52-week low of $83.97 and a 52-week high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, beating analysts' consensus estimates of $1.90 by $0.36. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same quarter last year, the company earned $2.45 EPS. As a group, research analysts anticipate that Arch Capital Group will post 8.86 EPS for the current fiscal year.

Institutional Trading of Arch Capital Group

Several large investors have recently added to or reduced their stakes in ACGL. Norges Bank bought a new stake in Arch Capital Group in the fourth quarter worth approximately $437,291,000. Madison Investment Advisors LLC acquired a new stake in shares of Arch Capital Group in the fourth quarter worth $410,010,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Arch Capital Group by 245.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,739 shares of the insurance provider's stock worth $341,652,000 after buying an additional 2,168,897 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Arch Capital Group by 663.3% in the fourth quarter. First Trust Advisors LP now owns 2,462,382 shares of the insurance provider's stock worth $227,401,000 after buying an additional 2,139,782 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Arch Capital Group in the fourth quarter worth $151,342,000. 89.07% of the stock is owned by 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.