Arch Capital Group (NASDAQ:ACGL) Price Target Raised to $103.00 at Keefe, Bruyette & Woods

Key Points

• Keefe, Bruyette & Woods has raised the price target for Arch Capital Group from $102.00 to $103.00, indicating a potential upside of 13.58% from its current price.
• The stock currently has a consensus rating of "Moderate Buy" with eight analysts rated it as hold and ten as buy, while the consensus target price stands at $112.13.
• Arch Capital recently reported quarterly earnings of $2.58 per share, exceeding analysts' expectations of $2.30, and had a total revenue of $4.35 billion for the quarter.

Arch Capital Group (NASDAQ:ACGL - Free Report) had its price target lifted by Keefe, Bruyette & Woods from $102.00 to $103.00 in a report released on Thursday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the insurance provider's stock.

Other research analysts also recently issued reports about the company. Morgan Stanley set a $110.00 target price on Arch Capital Group and gave the stock an "overweight" rating in a research note on Monday, May 19th. Cowen reiterated a "buy" rating on shares of Arch Capital Group in a research note on Monday, August 4th. Citigroup started coverage on Arch Capital Group in a research note on Wednesday. They set a "buy" rating and a $113.00 price target on the stock. Cantor Fitzgerald upgraded Arch Capital Group to a "hold" rating in a research note on Wednesday. Finally, UBS Group reiterated a "buy" rating and set a $118.00 price target (down previously from $124.00) on shares of Arch Capital Group in a research note on Monday, August 4th. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Arch Capital Group has a consensus rating of "Moderate Buy" and an average target price of $112.13.

Arch Capital Group Stock Down 0.8%

ACGL stock traded down $0.74 on Thursday, hitting $90.72. 3,051,822 shares of the company's stock were exchanged, compared to its average volume of 2,644,230. Arch Capital Group has a 12-month low of $82.49 and a 12-month high of $116.47. The firm has a 50 day moving average price of $89.30 and a two-hundred day moving average price of $91.24. 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 stock has a market cap of $33.86 billion, a P/E ratio of 9.36, a price-to-earnings-growth ratio of 5.56 and a beta of 0.49.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its earnings results on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.28. Arch Capital Group had a return on equity of 15.33% and a net margin of 19.49%. The firm had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the previous year, the business earned $2.57 EPS. As a group, equities research analysts expect that Arch Capital Group will post 8.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Arch Capital Group

A number of large investors have recently modified their holdings of ACGL. Capital A Wealth Management LLC purchased a new position in Arch Capital Group during the fourth quarter worth approximately $25,000. Bartlett & CO. Wealth Management LLC purchased a new position in Arch Capital Group during the first quarter worth approximately $27,000. Meeder Asset Management Inc. lifted its position in Arch Capital Group by 116.3% during the first quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider's stock worth $27,000 after buying an additional 150 shares in the last quarter. Wayfinding Financial LLC purchased a new position in Arch Capital Group during the first quarter worth approximately $31,000. Finally, Zions Bancorporation National Association UT purchased a new position in Arch Capital Group during the first quarter worth approximately $37,000. Hedge funds and other 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.