Arch Capital Group's (ACGL) "Market Perform" Rating Reaffirmed at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reissued their market perform rating on shares of Arch Capital Group (NASDAQ:ACGL - Free Report) in a report released on Wednesday, MarketBeat Ratings reports. Keefe, Bruyette & Woods currently has a $101.00 price target on the insurance provider's stock, down from their prior price target of $113.00.

Other equities research analysts have also issued research reports about the company. UBS Group boosted their target price on Arch Capital Group to $124.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Jefferies Financial Group downgraded Arch Capital Group from a "buy" rating to a "hold" rating and lowered their price objective for the company from $106.00 to $100.00 in a research report on Tuesday, June 10th. Morgan Stanley set a $110.00 target price on shares of Arch Capital Group and gave the stock an "overweight" rating in a report on Monday, May 19th. JMP Securities reiterated a "market outperform" rating and set a $125.00 price target on shares of Arch Capital Group in a report on Wednesday, April 30th. Finally, Barclays dropped their price target on shares of Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, Arch Capital Group presently has an average rating of "Moderate Buy" and an average target price of $113.60.

Arch Capital Group Price Performance

ACGL traded down $0.72 during midday trading on Wednesday, hitting $87.84. The stock had a trading volume of 1,943,647 shares, compared to its average volume of 1,737,885. Arch Capital Group has a 1 year low of $82.49 and a 1 year high of $116.47. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.56 and a current ratio of 0.56. The business has a fifty day moving average of $92.05 and a 200 day moving average of $92.06. The company has a market cap of $32.92 billion, a P/E ratio of 9.00, a price-to-earnings-growth ratio of 6.08 and a beta of 0.51.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.59 by ($0.05). The business had revenue of $4.52 billion during the quarter, compared to analysts' expectations of $4.75 billion. Arch Capital Group had a net margin of 20.72% and a return on equity of 15.79%. Arch Capital Group's revenue for the quarter was up 10.5% on a year-over-year basis. During the same period last year, the company posted $2.45 EPS. As a group, equities analysts forecast that Arch Capital Group will post 8.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Francois Morin sold 12,630 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $94.58, for a total transaction of $1,194,545.40. Following the sale, the chief financial officer directly owned 274,681 shares of the company's stock, valued at approximately $25,979,328.98. This represents a 4.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Louis T. Petrillo sold 16,650 shares of Arch Capital Group stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $94.53, for a total transaction of $1,573,924.50. Following the completion of the transaction, the insider directly owned 140,023 shares of the company's stock, valued at $13,236,374.19. This trade represents a 10.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 111,976 shares of company stock worth $10,531,038 in the last 90 days. 4.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Arch Capital Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Harbour Investments Inc. raised its stake in shares of Arch Capital Group by 8.4% in the first quarter. Harbour Investments Inc. now owns 1,431 shares of the insurance provider's stock worth $138,000 after purchasing an additional 111 shares during the last quarter. Resonant Capital Advisors LLC raised its position in Arch Capital Group by 1.7% in the 1st quarter. Resonant Capital Advisors LLC now owns 6,672 shares of the insurance provider's stock worth $642,000 after buying an additional 113 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in Arch Capital Group by 0.9% during the 1st quarter. Venturi Wealth Management LLC now owns 13,228 shares of the insurance provider's stock valued at $1,272,000 after acquiring an additional 115 shares during the period. Hemington Wealth Management boosted its holdings in shares of Arch Capital Group by 27.7% during the 1st quarter. Hemington Wealth Management now owns 548 shares of the insurance provider's stock valued at $52,000 after acquiring an additional 119 shares during the last quarter. Finally, Horizon Advisory Services Inc. boosted its holdings in shares of Arch Capital Group by 4.2% during the 1st quarter. Horizon Advisory Services Inc. now owns 2,996 shares of the insurance provider's stock valued at $288,000 after acquiring an additional 120 shares during the last quarter. 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.