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

Arch Capital Group (NASDAQ:ACGL) had its price target cut by Keefe, Bruyette & Woods from $121.00 to $120.00 in a research note released on Friday morning,Benzinga reports. They currently have an outperform rating on the insurance provider’s stock.

Several other research firms have also issued reports on ACGL. JPMorgan Chase & Co. reduced their target price on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Wells Fargo & Company lowered their target price on Arch Capital Group from $118.00 to $109.00 and set an “overweight” rating for the company in a research note on Tuesday, November 19th. BMO Capital Markets raised their price target on shares of Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a research note on Wednesday, November 6th. Royal Bank of Canada lowered their price objective on shares of 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. Finally, StockNews.com lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Arch Capital Group presently has an average rating of “Moderate Buy” and a consensus price target of $118.13.

Arch Capital Group Trading Down 2.7 %

NASDAQ ACGL opened at $90.17 on Friday. 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 quick ratio of 0.58 and a current ratio of 0.58. The stock’s 50 day moving average price is $95.80 and its two-hundred day moving average price is $101.88. The stock has a market capitalization 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 (NASDAQ:ACGL) last issued its earnings results 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 company had revenue of $4.72 billion for the quarter, compared to analysts’ expectations 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 in the prior year, the firm earned $2.31 EPS. As a group, analysts anticipate that Arch Capital Group will post 8.99 earnings per share for the current fiscal year.

Arch Capital Group Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were given a $5.00 dividend. The ex-dividend date was Monday, November 18th.

Institutional Investors Weigh In On Arch Capital Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC boosted its holdings in shares of Arch Capital Group by 12.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider’s stock worth $100,000 after buying an additional 101 shares in the last quarter. Fiduciary Financial Group LLC boosted its stake in Arch Capital Group by 2.8% during the third quarter. Fiduciary Financial Group LLC now owns 3,779 shares of the insurance provider’s stock worth $415,000 after acquiring an additional 103 shares in the last quarter. Fidelis Capital Partners LLC grew its holdings in Arch Capital Group by 3.1% in the second quarter. Fidelis Capital Partners LLC now owns 3,553 shares of the insurance provider’s stock worth $344,000 after purchasing an additional 106 shares during the period. KG&L Capital Management LLC increased its stake in Arch Capital Group by 1.1% in the third quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider’s stock valued at $1,214,000 after purchasing an additional 115 shares in the last quarter. Finally, Marks Group Wealth Management Inc raised its holdings in shares of Arch Capital Group by 4.2% during the third quarter. Marks Group Wealth Management Inc now owns 2,884 shares of the insurance provider’s stock valued at $323,000 after purchasing an additional 115 shares during the period. Institutional investors own 89.07% of the company’s stock.

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.