Arch Capital Group (NASDAQ:ACGL) PT Raised to $121.00 at Keefe, Bruyette & Woods

Arch Capital Group (NASDAQ:ACGL) had its target price raised by Keefe, Bruyette & Woods from $120.00 to $121.00 in a research report report published on Wednesday morning, Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the insurance provider’s stock.

ACGL has been the subject of several other reports. Wells Fargo & Company increased their price target on Arch Capital Group from $109.00 to $110.00 and gave the company an overweight rating in a research note on Wednesday, May 1st. Royal Bank of Canada increased their target price on Arch Capital Group from $108.00 to $112.00 and gave the company an outperform rating in a research report on Thursday, August 1st. StockNews.com cut Arch Capital Group from a buy rating to a hold rating in a report on Wednesday, July 31st. Roth Mkm reiterated a buy rating and issued a $110.00 price objective on shares of Arch Capital Group in a report on Tuesday, April 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Arch Capital Group from $110.00 to $120.00 and gave the stock a buy rating in a report on Monday, July 1st. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $105.56.

Arch Capital Group Price Performance

Shares of ACGL stock opened at $98.79 on Wednesday. The business has a fifty day simple moving average of $98.64 and a 200 day simple moving average of $93.83. The company has a market cap of $37.09 billion, a P/E ratio of 7.80, a P/E/G ratio of 1.77 and a beta of 0.58. The company has a quick ratio of 0.59, a current ratio of 0.60 and a debt-to-equity ratio of 0.16. Arch Capital Group has a twelve month low of $72.85 and a twelve month high of $103.79.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Tuesday, July 30th. The insurance provider reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.36. The firm had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.89 billion. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.92 earnings per share. On average, sell-side analysts forecast that Arch Capital Group will post 8.89 EPS for the current fiscal year.

Hedge Funds Weigh In On Arch Capital Group

Several institutional investors have recently added to or reduced their stakes in the business. Larson Financial Group LLC bought a new stake in shares of Arch Capital Group in the 4th quarter valued at $30,000. UMB Bank n.a. bought a new stake in Arch Capital Group in the second quarter valued at $30,000. Baldwin Brothers LLC MA raised its holdings in shares of Arch Capital Group by 50.7% during the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 104 shares during the period. Richardson Financial Services Inc. bought a new position in shares of Arch Capital Group during the 4th quarter worth about $33,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Arch Capital Group in the 2nd quarter valued at about $35,000. 89.07% of the stock is owned by institutional investors and hedge funds.

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.