Y Intercept Hong Kong Ltd Acquires Shares of 7,568 Arch Capital Group Ltd. (NASDAQ:ACGL)

Y Intercept Hong Kong Ltd purchased a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,568 shares of the insurance provider's stock, valued at approximately $699,000.

Several other hedge funds and other institutional investors have also made changes to their positions in ACGL. Private Advisor Group LLC increased its holdings in Arch Capital Group by 39.1% during the 3rd quarter. Private Advisor Group LLC now owns 11,368 shares of the insurance provider's stock valued at $1,272,000 after acquiring an additional 3,195 shares in the last quarter. abrdn plc increased its stake in shares of Arch Capital Group by 6.2% during the 3rd quarter. abrdn plc now owns 183,122 shares of the insurance provider's stock worth $20,456,000 after purchasing an additional 10,626 shares in the last quarter. Stephens Inc. AR raised its position in shares of Arch Capital Group by 184.7% during the 3rd quarter. Stephens Inc. AR now owns 32,120 shares of the insurance provider's stock worth $3,594,000 after purchasing an additional 20,836 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Arch Capital Group by 12.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider's stock valued at $100,000 after buying an additional 101 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its holdings in Arch Capital Group by 1.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,878 shares of the insurance provider's stock valued at $993,000 after buying an additional 116 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Arch Capital Group Trading Up 0.3 %

Shares of NASDAQ ACGL traded up $0.27 during midday trading on Tuesday, hitting $93.25. The stock had a trading volume of 1,266,573 shares, compared to its average volume of 1,913,147. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. Arch Capital Group Ltd. has a 1-year low of $86.84 and a 1-year high of $116.47. The company has a market capitalization of $35.09 billion, a price-to-earnings ratio of 8.33, a PEG ratio of 2.31 and a beta of 0.64. The company has a fifty day moving average price of $92.06 and a 200 day moving average price of $100.34.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, topping the consensus estimate of $1.90 by $0.36. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. During the same quarter last year, the firm posted $2.45 EPS. On average, analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ACGL. Royal Bank of Canada cut their price target on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Wells Fargo & Company cut their target price on shares of Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating for the company in a research note on Wednesday, February 12th. Barclays decreased their price target on shares of Arch Capital Group from $120.00 to $100.00 and set an "equal weight" rating on the stock in a research note on Monday, January 6th. BMO Capital Markets lifted their price target on shares of Arch Capital Group from $98.00 to $104.00 and gave the stock a "market perform" rating in a report on Wednesday, November 6th. Finally, JMP Securities reissued a "market outperform" rating and set a $125.00 price objective on shares of Arch Capital Group in a research note on Tuesday, February 11th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, Arch Capital Group presently has an average rating of "Moderate Buy" and an average price target of $117.19.

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.