C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Buys New Shares in Arch Capital Group Ltd. (NASDAQ:ACGL)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 12,447 shares of the insurance provider's stock, valued at approximately $1,149,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of ACGL. Quantbot Technologies LP acquired a new stake in shares of Arch Capital Group during the 3rd quarter valued at about $25,000. Asset Dedication LLC boosted its position in shares of Arch Capital Group by 188.1% during the 3rd quarter. Asset Dedication LLC now owns 435 shares of the insurance provider's stock valued at $49,000 after acquiring an additional 284 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Arch Capital Group during the 3rd quarter valued at about $50,000. Golden State Wealth Management LLC acquired a new stake in shares of Arch Capital Group during the 4th quarter valued at about $42,000. Finally, Y.D. More Investments Ltd boosted its position in shares of 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 acquiring an additional 260 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Arch Capital Group Trading Down 2.2 %

NASDAQ ACGL traded down $1.96 during trading hours on Monday, hitting $88.20. The company's stock had a trading volume of 1,823,977 shares, compared to its average volume of 1,882,892. The stock has a fifty day moving average of $92.37 and a 200 day moving average of $100.92. 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 P/E ratio of 5.92, a PEG ratio of 1.53 and a beta of 0.64. 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 (NASDAQ:ACGL - Get Free Report) last issued its earnings results on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, beating the consensus estimate of $1.90 by $0.36. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. During the same period in the prior year, the firm earned $2.45 earnings per share. Equities research analysts forecast that Arch Capital Group Ltd. will post 8.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Barclays decreased 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 report on Monday, January 6th. Royal Bank of Canada cut their price target on shares of Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. JMP Securities reissued a "market outperform" rating and set a $125.00 price target on shares of Arch Capital Group in a report on Tuesday, February 11th. BMO Capital Markets lifted their price target on shares of Arch Capital Group from $98.00 to $104.00 and gave the company a "market perform" rating in a report on Wednesday, November 6th. Finally, Wells Fargo & Company cut 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 report on Wednesday, February 12th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, Arch Capital Group has a consensus rating of "Moderate Buy" and an average price target of $116.53.

Arch Capital Group 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.