Rhumbline Advisers Has $58.89 Million Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Rhumbline Advisers lessened its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 637,655 shares of the insurance provider's stock after selling 5,503 shares during the period. Rhumbline Advisers owned approximately 0.17% of Arch Capital Group worth $58,887,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Quantbot Technologies LP bought a new stake in shares of Arch Capital Group in the 3rd quarter valued at $25,000. Golden State Wealth Management LLC bought a new stake in shares of Arch Capital Group in the fourth quarter worth about $42,000. Y.D. More Investments Ltd increased its holdings in shares of Arch Capital Group by 125.6% in the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock worth $43,000 after acquiring an additional 260 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Arch Capital Group during the third quarter worth about $50,000. Finally, UMB Bank n.a. lifted its holdings in shares of Arch Capital Group by 97.0% during the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider's stock valued at $78,000 after purchasing an additional 414 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ACGL. JMP Securities reissued a "market outperform" rating and set a $125.00 target price on shares of Arch Capital Group in a research note on Tuesday, February 11th. BMO Capital Markets raised their price objective 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. StockNews.com lowered shares of Arch Capital Group from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Bank of America dropped their price target on Arch Capital Group from $143.00 to $136.00 and set a "buy" rating on the stock in a research note on Friday, November 15th. Finally, Keefe, Bruyette & Woods reduced their price objective on Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Arch Capital Group has a consensus rating of "Moderate Buy" and an average price target of $117.19.

Arch Capital Group Stock Up 0.5 %

Shares of NASDAQ:ACGL traded up $0.40 during midday trading on Thursday, hitting $89.09. The stock had a trading volume of 2,089,331 shares, compared to its average volume of 1,954,183. The company has a market cap of $33.52 billion, a P/E ratio of 7.95, a PEG ratio of 2.28 and a beta of 0.64. Arch Capital Group Ltd. has a 12 month low of $83.97 and a 12 month high of $116.47. The business's 50-day simple moving average is $92.17 and its 200-day simple moving average is $100.76. 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 (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, beating analysts' consensus estimates of $1.90 by $0.36. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. During the same period in the prior year, the firm posted $2.45 earnings per share. On average, sell-side analysts forecast that Arch Capital Group Ltd. will post 8.54 earnings per share for the current fiscal year.

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.