Keefe, Bruyette & Woods Issues Pessimistic Forecast for Arch Capital Group (NASDAQ:ACGL) Stock Price

Arch Capital Group (NASDAQ:ACGL) had its price objective decreased by Keefe, Bruyette & Woods from $120.00 to $113.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 28.12% from the stock’s current price.

Several other research firms have also weighed in on ACGL. Wells Fargo & Company reduced their price objective on shares of Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a research note on Wednesday. Bank of America lowered their price objective on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a report on Friday, November 15th. JMP Securities reiterated a “market outperform” rating and issued a $125.00 price objective on shares of Arch Capital Group in a report on Tuesday. Royal Bank of Canada decreased their target price on shares of Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, StockNews.com cut shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Six equities research 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.53.

Arch Capital Group Stock Down 2.2 %

Shares of NASDAQ:ACGL opened at $88.20 on Thursday. Arch Capital Group has a 12 month low of $83.97 and a 12 month high of $116.47. The company’s 50-day moving average price is $92.53 and its two-hundred day moving average price is $100.93. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. The firm has a market cap of $33.18 billion, a P/E ratio of 5.92, a P/E/G ratio of 1.53 and a beta of 0.64.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.36. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. During the same period last year, the firm posted $2.45 EPS. As a group, research analysts forecast that Arch Capital Group will post 8.86 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quantbot Technologies LP acquired a new position in Arch Capital Group in the third quarter valued at about $25,000. Cullen Frost Bankers Inc. acquired a new position in Arch Capital Group in the fourth quarter valued at about $37,000. Asset Dedication LLC raised its stake in Arch Capital Group by 188.1% in the third quarter. Asset Dedication LLC now owns 435 shares of the insurance provider’s stock valued at $49,000 after purchasing an additional 284 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in Arch Capital Group during the third quarter worth about $50,000. Finally, Golden State Wealth Management LLC acquired a new position in Arch Capital Group during the fourth quarter worth about $42,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

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.