Assetmark Inc. Purchases 57,688 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Assetmark Inc. raised its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,019,110 shares of the insurance provider's stock after purchasing an additional 57,688 shares during the quarter. Assetmark Inc. owned 0.27% of Arch Capital Group worth $94,115,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in ACGL. Farther Finance Advisors LLC boosted its position in shares of Arch Capital Group by 12.8% during the 3rd 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. Oregon Public Employees Retirement Fund boosted its holdings in Arch Capital Group by 0.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 32,147 shares of the insurance provider's stock valued at $2,969,000 after purchasing an additional 110 shares in the last quarter. Marks Group Wealth Management Inc boosted its holdings in 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 valued at $323,000 after purchasing an additional 115 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of Arch Capital Group by 1.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,878 shares of the insurance provider's stock valued at $993,000 after purchasing an additional 116 shares during the period. Finally, Bensler LLC raised its holdings in shares of Arch Capital Group by 0.7% in the 3rd quarter. Bensler LLC now owns 18,921 shares of the insurance provider's stock worth $2,117,000 after buying an additional 126 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on ACGL. JPMorgan Chase & Co. decreased their price target on Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating on the stock in a research note on Friday, January 3rd. UBS Group lowered their target price on shares of Arch Capital Group from $131.00 to $127.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Morgan Stanley cut their price target on shares of Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Royal Bank of Canada decreased their price objective on shares of Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. Finally, Barclays cut their target price on shares of Arch Capital Group from $120.00 to $100.00 and set an "equal weight" rating for the company in a research note on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $117.19.

Arch Capital Group Trading Down 0.6 %

ACGL stock traded down $0.52 during midday trading on Wednesday, reaching $91.35. The company's stock had a trading volume of 2,111,507 shares, compared to its average volume of 1,947,622. The business's 50-day simple moving average is $92.02 and its 200-day simple moving average is $100.21. The stock has a market cap of $34.37 billion, a PE ratio of 8.16, a price-to-earnings-growth ratio of 2.31 and a beta of 0.64. Arch Capital Group Ltd. has a 52 week low of $86.84 and a 52 week high of $116.47. 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, topping analysts' consensus estimates 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 previous year, the firm earned $2.45 earnings per share. As a group, sell-side analysts expect that Arch Capital Group Ltd. will post 8.42 EPS 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.