Deutsche Bank Provides Color On Arch Capital (ACGL)

Deutsche Bank provided color on Arch Capital (NASDAQ: ACGL), after the company announced its Q1 results, in a research report published today.

Deutsche Bank is ambivalent about Arch Capital's outlook. In the report, it states, "The company produced operating EPS of $0.17, ahead of expectations. That said, net prior-period favorable reserve development improved earnings by $59 million (approximately $1.25 per share), and this was about twice as high as the development seen in recent quarters. Catastrophe net loss exposure of $179 million was in-line with expectations."

Deutsche Bank currently has a Hold rating and $103 price target on Arch Capital.

In yesterday's trading, Arch Capital lost 0.19% of its value to close the day at $102.39.