C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Buys Shares of 12,447 Arch Capital Group Ltd. (NASDAQ:ACGL)

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

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Truist Financial Corp increased its stake in shares of Arch Capital Group by 0.6% in the 4th quarter. Truist Financial Corp now owns 780,707 shares of the insurance provider's stock worth $72,098,000 after purchasing an additional 4,888 shares in the last quarter. CIBC Asset Management Inc increased its stake in shares of Arch Capital Group by 4.6% in the 4th quarter. CIBC Asset Management Inc now owns 57,106 shares of the insurance provider's stock worth $5,274,000 after purchasing an additional 2,490 shares in the last quarter. Pittenger & Anderson Inc. increased its stake in shares of Arch Capital Group by 56.6% in the 4th quarter. Pittenger & Anderson Inc. now owns 6,720 shares of the insurance provider's stock worth $621,000 after purchasing an additional 2,430 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Arch Capital Group by 10.5% in the 4th quarter. Principal Financial Group Inc. now owns 8,222,244 shares of the insurance provider's stock worth $759,324,000 after purchasing an additional 783,506 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in Arch Capital Group by 4.6% in the 4th quarter. Allworth Financial LP now owns 14,363 shares of the insurance provider's stock worth $1,339,000 after buying an additional 627 shares during the period. 89.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on ACGL shares. UBS Group dropped their price objective on shares of Arch Capital Group from $131.00 to $127.00 and set a "buy" rating for the company in a report on Tuesday. Morgan Stanley reduced their price objective on shares of Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Wells Fargo & Company cut their price objective on shares of Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating on the stock in a report on Wednesday, February 12th. JPMorgan Chase & Co. lowered their target price on shares of Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating for the company in a research note on Friday, January 3rd. Finally, StockNews.com downgraded shares of Arch Capital Group from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $117.19.

Arch Capital Group Price Performance

Shares of ACGL stock traded down $0.92 on Friday, reaching $88.13. 1,724,179 shares of the company were exchanged, compared to its average volume of 1,947,416. The company has a market cap of $33.16 billion, a price-to-earnings ratio of 7.87, a P/E/G ratio of 2.29 and a beta of 0.64. The business has a 50-day moving average price of $92.07 and a 200 day moving average price of $100.68. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. Arch Capital Group Ltd. has a 1 year low of $84.00 and a 1 year high of $116.47.

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 net margin of 24.73% and a return on equity of 17.96%. During the same quarter in the previous year, the company earned $2.45 earnings per share. Equities research analysts forecast that Arch Capital Group Ltd. will post 8.54 earnings per share for the current fiscal 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.