Empowered Funds LLC Buys 15,917 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Empowered Funds LLC grew its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 124.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,756 shares of the insurance provider's stock after buying an additional 15,917 shares during the period. Empowered Funds LLC's holdings in Arch Capital Group were worth $2,656,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quantbot Technologies LP bought a new position in shares of Arch Capital Group during the 3rd quarter worth approximately $25,000. Asset Dedication LLC boosted its holdings 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 worth $49,000 after buying an additional 284 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Arch Capital Group during the 3rd quarter worth approximately $50,000. Golden State Wealth Management LLC acquired a new position in shares of Arch Capital Group during the fourth quarter worth approximately $42,000. Finally, Y.D. More Investments Ltd raised its position in shares of Arch Capital Group by 125.6% during the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock worth $43,000 after purchasing an additional 260 shares during the period. 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 during trading hours on Monday, hitting $88.20. 1,823,977 shares of the company's stock traded hands, compared to its average volume of 1,882,892. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58. The stock 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. Arch Capital Group Ltd. has a 12-month low of $83.97 and a 12-month high of $116.47. The company has a fifty day simple moving average of $92.37 and a 200-day simple moving average of $100.92.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, topping the consensus estimate 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.

Wall Street Analyst Weigh In

ACGL has been the topic of a number of research reports. Barclays lowered their target price on 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. Bank of America lowered their target price on Arch Capital Group from $143.00 to $136.00 and set a "buy" rating on the stock in a research report on Friday, November 15th. Keefe, Bruyette & Woods lowered their target price on Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating on the stock in a research report on Thursday. Wells Fargo & Company lowered their target price on Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 12th. Finally, Royal Bank of Canada lowered their price target on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $116.53.

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.