Accurate Wealth Management LLC Raises Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Accurate Wealth Management LLC increased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 55.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,212 shares of the insurance provider's stock after buying an additional 10,082 shares during the period. Accurate Wealth Management LLC's holdings in Arch Capital Group were worth $2,544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in ACGL. Farther Finance Advisors LLC lifted its position in shares of Arch Capital Group by 12.8% in the third quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider's stock valued at $100,000 after acquiring an additional 101 shares in the last quarter. Fiduciary Financial Group LLC lifted its holdings in Arch Capital Group by 2.8% in the 3rd quarter. Fiduciary Financial Group LLC now owns 3,779 shares of the insurance provider's stock valued at $415,000 after purchasing an additional 103 shares in the last quarter. Fidelis Capital Partners LLC boosted its stake in Arch Capital Group by 3.1% during the 2nd quarter. Fidelis Capital Partners LLC now owns 3,553 shares of the insurance provider's stock worth $344,000 after purchasing an additional 106 shares during the last quarter. KG&L Capital Management LLC grew its holdings in shares of Arch Capital Group by 1.1% during the third quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider's stock worth $1,214,000 after buying an additional 115 shares in the last quarter. Finally, Marks Group Wealth Management Inc grew its holdings in shares of Arch Capital Group by 4.2% during the third quarter. Marks Group Wealth Management Inc now owns 2,884 shares of the insurance provider's stock worth $323,000 after buying an additional 115 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Arch Capital Group Trading Up 1.8 %

Shares of ACGL stock traded up $1.66 during trading hours on Wednesday, hitting $93.65. The company had a trading volume of 1,373,684 shares, compared to its average volume of 1,835,599. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58. The stock has a market capitalization of $35.24 billion, a PE ratio of 6.29, a price-to-earnings-growth ratio of 1.49 and a beta of 0.64. The company's fifty day moving average is $95.51 and its 200 day moving average is $101.67. Arch Capital Group Ltd. has a fifty-two week low of $77.53 and a fifty-two week high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, topping the consensus estimate of $1.94 by $0.05. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. The business had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period last year, the business posted $2.31 earnings per share. Research analysts expect that Arch Capital Group Ltd. will post 8.99 earnings per share for the current fiscal year.

Arch Capital Group Announces Dividend

The company also recently announced a special dividend, which was paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th were given a $5.00 dividend. The ex-dividend date of this dividend was Monday, November 18th.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. JMP Securities boosted their price target on shares of Arch Capital Group from $115.00 to $125.00 and gave the stock a "market outperform" rating in a research report on Tuesday, October 15th. Jefferies Financial Group boosted their target price on Arch Capital Group from $114.00 to $134.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. BMO Capital Markets increased their price target on Arch Capital Group from $98.00 to $104.00 and gave the company a "market perform" rating in a report on Wednesday, November 6th. StockNews.com lowered Arch Capital Group from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Finally, Evercore ISI upped their target price on Arch Capital Group from $104.00 to $107.00 and gave the company an "in-line" rating in a report on Wednesday, October 9th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $118.00.

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.