KBW Maintains $105 PT, OP Rating On ACGL

KBW is maintaining its $105 PT and Outperform rating on shares of Arch Capital Group ACGL.

“Arch Capital announced preliminary loss estimates for the February earthquake in New Zealand of $35-70 mm (5.7-11.3 pts/$0.70-1.40), net of reinsurance and reinstatement premiums,” KBW writes. “The losses equate to 0.8-1.6% of 4Q10 equity, below the peer group average for this event. As a result of the announcement, we are lowering 1Q11 and 2011 EPS.”

Arch Capital Group closed Monday at $91.21.