Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Bought by Axecap Investments LLC

Axecap Investments LLC raised its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 24.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,746 shares of the insurance provider's stock after purchasing an additional 7,005 shares during the quarter. Arch Capital Group accounts for approximately 2.5% of Axecap Investments LLC's investment portfolio, making the stock its 16th largest holding. Axecap Investments LLC's holdings in Arch Capital Group were worth $3,301,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quantbot Technologies LP purchased a new position in shares of Arch Capital Group during the third quarter valued at $25,000. Compagnie Lombard Odier SCmA purchased a new position in shares of Arch Capital Group during the third quarter valued at $46,000. UMB Bank n.a. increased its stake in shares of Arch Capital Group by 41.9% during the third quarter. UMB Bank n.a. now owns 427 shares of the insurance provider's stock valued at $48,000 after buying an additional 126 shares during the period. Asset Dedication LLC increased its stake in shares of Arch Capital Group by 188.1% during the third quarter. Asset Dedication LLC now owns 435 shares of the insurance provider's stock valued at $49,000 after buying an additional 284 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Arch Capital Group during the third quarter valued at $50,000. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock traded down $1.96 on Friday, reaching $88.20. 1,823,977 shares of the stock were exchanged, compared to its average volume of 1,974,106. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a twelve month low of $83.97 and a twelve month high of $116.47. The firm has a market capitalization of $33.18 billion, a price-to-earnings ratio of 5.92, a PEG ratio of 1.53 and a beta of 0.64. The business has a 50 day moving average price of $92.53 and a two-hundred day moving average price of $100.93.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its earnings results 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 18.94% and a net margin of 33.86%. During the same quarter in the prior year, the business earned $2.45 earnings per share. Analysts anticipate that Arch Capital Group Ltd. will post 8.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on ACGL. JPMorgan Chase & Co. cut their target price 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. Morgan Stanley cut their target price on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating on the stock in a research note on Friday. Bank of America cut 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. StockNews.com lowered Arch Capital Group from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Finally, Royal Bank of Canada cut their target price on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating on the stock in a research note on Wednesday. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $116.53.

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.