Channing Global Advisors LLC Invests $561,000 in Arch Capital Group Ltd. (NASDAQ:ACGL)

Channing Global Advisors LLC acquired a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 6,078 shares of the insurance provider's stock, valued at approximately $561,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in shares of Arch Capital Group by 3.5% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 197,111 shares of the insurance provider's stock worth $18,203,000 after acquiring an additional 6,663 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of Arch Capital Group by 5.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 111,229 shares of the insurance provider's stock worth $12,444,000 after acquiring an additional 5,614 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Arch Capital Group by 10.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 71,721 shares of the insurance provider's stock worth $8,024,000 after acquiring an additional 6,521 shares in the last quarter. Metis Global Partners LLC boosted its position in shares of Arch Capital Group by 26.6% during the 3rd quarter. Metis Global Partners LLC now owns 25,465 shares of the insurance provider's stock worth $2,849,000 after acquiring an additional 5,345 shares in the last quarter. Finally, Banque Cantonale Vaudoise boosted its position in shares of Arch Capital Group by 172.2% during the 3rd quarter. Banque Cantonale Vaudoise now owns 55,423 shares of the insurance provider's stock worth $6,201,000 after acquiring an additional 35,060 shares in the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Barclays decreased their target price on Arch Capital Group from $120.00 to $100.00 and set an "equal weight" rating for the company in a research report on Monday, January 6th. StockNews.com cut Arch Capital Group from a "buy" rating to a "hold" rating in a research report on Thursday, October 24th. Bank of America decreased their target price on Arch Capital Group from $143.00 to $136.00 and set a "buy" rating for the company in a research report on Friday, November 15th. BMO Capital Markets upped their target price on Arch Capital Group from $98.00 to $104.00 and gave the company a "market perform" rating in a research report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. decreased their target price on Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating for the company in a research report on Friday, January 3rd. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $116.53.

Arch Capital Group Stock Performance

Shares of ACGL stock traded down $1.96 during trading hours on Friday, reaching $88.20. 1,823,977 shares of the company's stock were exchanged, compared to its average volume of 1,882,892. The company has a market cap of $33.18 billion, a P/E ratio of 5.92, a price-to-earnings-growth ratio of 1.53 and a beta of 0.64. The company's 50 day moving average is $92.53 and its two-hundred day moving average is $100.93. Arch Capital Group Ltd. has a 1 year low of $83.97 and a 1 year high of $116.47. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (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 posted $2.45 earnings per share. Equities research analysts anticipate that Arch Capital Group Ltd. will post 8.86 EPS for the current fiscal year.

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.