Credit Capital Investments LLC Acquires New Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Credit Capital Investments 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 filing with the Securities & Exchange Commission. The fund acquired 3,600 shares of the insurance provider's stock, valued at approximately $332,000. Arch Capital Group accounts for about 0.4% of Credit Capital Investments LLC's holdings, making the stock its 21st biggest position.

Other institutional investors also recently bought and sold shares of the company. Quantbot Technologies LP purchased a new stake in Arch Capital Group during the third quarter worth approximately $25,000. Cullen Frost Bankers Inc. purchased a new position in shares of Arch Capital Group in the fourth quarter valued at $37,000. Golden State Wealth Management LLC purchased a new position in shares of Arch Capital Group in the fourth quarter valued at $42,000. Y.D. More Investments Ltd boosted its stake in shares of Arch Capital Group by 125.6% in the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock valued at $43,000 after purchasing an additional 260 shares during the period. Finally, UMB Bank n.a. boosted its stake in shares of Arch Capital Group by 97.0% in the fourth quarter. UMB Bank n.a. now owns 841 shares of the insurance provider's stock valued at $78,000 after purchasing an additional 414 shares during the period. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods decreased their target price on shares of Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Morgan Stanley decreased their target price on shares of Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Royal Bank of Canada decreased their target price on shares of Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. JPMorgan Chase & Co. decreased 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, Barclays cut their price target on shares of Arch Capital Group from $120.00 to $100.00 and set an "equal weight" rating on the stock in a report on Monday, January 6th. Six 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, the company has an average rating of "Moderate Buy" and a consensus price target of $117.19.

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Insider Activity at Arch Capital Group

In related news, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total value of $1,055,600.00. Following the sale, the insider now directly owns 140,023 shares in the company, valued at $12,742,093. This trade represents a 7.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.20% of the stock is currently owned by insiders.

Arch Capital Group Stock Performance

Shares of NASDAQ:ACGL traded down $0.47 on Friday, reaching $91.98. 3,427,158 shares of the company's stock were exchanged, compared to its average volume of 1,656,639. The firm has a market capitalization of $34.53 billion, a price-to-earnings ratio of 8.21, a PEG ratio of 2.31 and a beta of 0.62. Arch Capital Group Ltd. has a fifty-two week low of $87.42 and a fifty-two week high of $116.47. The business's 50-day moving average is $91.99 and its two-hundred day moving average is $98.65. 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 issued its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share 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 business earned $2.45 EPS. As a group, equities research analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

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.