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

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

Other equities research analysts also recently issued research reports about the stock. Morgan Stanley set a $110.00 target price on shares of Arch Capital Group and gave the company an "overweight" rating in a research note on Monday, May 19th. JPMorgan Chase & Co. boosted their target price on Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a research report on Tuesday, April 8th. Wells Fargo & Company increased their price target on Arch Capital Group from $106.00 to $108.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. UBS Group boosted their price objective on Arch Capital Group to $124.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Finally, Barclays reduced their target price on Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Arch Capital Group has an average rating of "Moderate Buy" and a consensus target price of $113.47.

Arch Capital Group Price Performance

Shares of ACGL stock traded down $2.29 on Wednesday, reaching $87.92. The company's stock had a trading volume of 3,287,736 shares, compared to its average volume of 1,730,072. The stock's fifty day simple moving average is $92.13 and its 200-day simple moving average is $92.11. Arch Capital Group has a 1 year low of $82.49 and a 1 year high of $116.47. The company has a market capitalization of $32.95 billion, a price-to-earnings ratio of 9.01, a price-to-earnings-growth ratio of 6.18 and a beta of 0.51. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.16.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The insurance provider reported $1.54 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 return on equity of 15.79% and a net margin of 20.72%. The business's quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.45 earnings per share. Analysts forecast that Arch Capital Group will post 8.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Arch Capital Group news, insider John M. Pasquesi sold 75,060 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $94.01, for a total value of $7,056,390.60. Following the completion of the sale, the insider directly owned 579,218 shares in the company, valued at $54,452,284.18. This trade represents a 11.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Nicolas Papadopoulo sold 7,636 shares of the company's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $92.48, for a total value of $706,177.28. Following the transaction, the chief executive officer directly owned 795,718 shares in the company, valued at approximately $73,588,000.64. The trade was a 0.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 111,976 shares of company stock valued at $10,531,038. Company insiders own 4.10% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Harbour Investments Inc. increased its stake in Arch Capital Group by 8.4% during the 1st quarter. Harbour Investments Inc. now owns 1,431 shares of the insurance provider's stock valued at $138,000 after purchasing an additional 111 shares in the last quarter. Resonant Capital Advisors LLC grew its stake in shares of Arch Capital Group by 1.7% during the 1st quarter. Resonant Capital Advisors LLC now owns 6,672 shares of the insurance provider's stock worth $642,000 after purchasing an additional 113 shares during the period. Venturi Wealth Management LLC increased its holdings in shares of 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 purchasing an additional 115 shares in the last quarter. Hemington Wealth Management increased its holdings in Arch Capital Group by 27.7% in the first quarter. Hemington Wealth Management now owns 548 shares of the insurance provider's stock valued at $52,000 after buying an additional 119 shares in the last quarter. Finally, Horizon Advisory Services Inc. raised its position in shares of Arch Capital Group by 4.2% in the first quarter. Horizon Advisory Services Inc. now owns 2,996 shares of the insurance provider's stock worth $288,000 after acquiring an additional 120 shares during the period. 89.07% of the stock is currently owned by hedge funds and other 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.