Arch Capital Group (NASDAQ:ACGL) Price Target Raised to $103.00

Arch Capital Group (NASDAQ:ACGL) had its price objective upped by Keefe, Bruyette & Woods from $102.00 to $103.00 in a report issued on Thursday morning,Benzinga reports. They currently have a market perform rating on the insurance provider’s stock.

A number of other research firms also recently issued reports on ACGL. Wells Fargo & Company cut their price target on Arch Capital Group from $110.00 to $107.00 and set an “overweight” rating for the company in a research note on Thursday, July 31st. Cowen restated a “buy” rating on shares of Arch Capital Group in a research note on Monday, August 4th. UBS Group restated a “buy” rating and issued a $118.00 target price (down previously from $124.00) on shares of Arch Capital Group in a research note on Monday, August 4th. JMP Securities restated a “market outperform” rating and issued a $125.00 target price on shares of Arch Capital Group in a research note on Wednesday, April 30th. Finally, Jefferies Financial Group downgraded Arch Capital Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $106.00 to $100.00 in a research note on Tuesday, June 10th. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $112.13.

Arch Capital Group Price Performance

ACGL stock opened at $90.72 on Thursday. The company has a market capitalization 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. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.56 and a current ratio of 0.56. Arch Capital Group has a 52-week low of $82.49 and a 52-week high of $116.47. The business has a 50-day simple moving average of $89.30 and a two-hundred day simple moving average of $91.24.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.28. The business had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.29 billion. Arch Capital Group had a return on equity of 15.33% and a net margin of 19.49%. During the same quarter in the previous year, the business earned $2.57 EPS. Research analysts expect that Arch Capital Group will post 8.42 EPS for the current fiscal year.

Hedge Funds Weigh In On Arch Capital Group

Institutional investors have recently bought and sold shares of the company. Capital A Wealth Management LLC purchased a new position in Arch Capital Group in the fourth quarter valued at approximately $25,000. Meeder Asset Management Inc. raised its holdings in Arch Capital Group by 116.3% during the 1st quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 150 shares during the period. Bartlett & CO. Wealth Management LLC bought a new stake in Arch Capital Group during the 1st quarter valued at $27,000. Wayfinding Financial LLC bought a new stake in Arch Capital Group during the 1st quarter valued at $31,000. Finally, Zions Bancorporation National Association UT bought a new stake in Arch Capital Group during the 1st quarter valued at $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.