Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 4,900 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 161,150 shares of the insurance provider's stock after acquiring an additional 4,900 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Arch Capital Group were worth $14,882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analysts Forecast Growth

ACGL has been the topic of several research analyst reports. Bank of America reduced their target price 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. UBS Group reduced their price objective on shares of Arch Capital Group from $131.00 to $127.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. JMP Securities restated a "market outperform" rating and issued a $125.00 price objective on shares of Arch Capital Group in a report on Tuesday, February 11th. Barclays cut their target price 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. Finally, Wells Fargo & Company decreased their price target 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. 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, the company has an average rating of "Moderate Buy" and a consensus price target of $117.19.

Arch Capital Group Stock Up 2.8 %

ACGL stock traded up $2.53 on Thursday, reaching $92.10. 2,033,596 shares of the company traded hands, compared to its average volume of 1,922,463. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58. The firm has a fifty day simple moving average of $91.94 and a 200-day simple moving average of $100.48. Arch Capital Group Ltd. has a one year low of $86.41 and a one year high of $116.47. The company has a market cap of $34.65 billion, a P/E ratio of 8.22, a price-to-earnings-growth ratio of 2.31 and a beta of 0.64.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, beating 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 in the prior year, the firm earned $2.45 earnings per share. Research analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

About Arch Capital Group

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.