FFT Wealth Management LLC Grows Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

FFT Wealth Management LLC grew its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 5.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 65,237 shares of the insurance provider's stock after buying an additional 3,203 shares during the period. Arch Capital Group makes up about 0.5% of FFT Wealth Management LLC's investment portfolio, making the stock its 28th largest holding. FFT Wealth Management LLC's holdings in Arch Capital Group were worth $6,025,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ACGL. Private Advisor Group LLC raised its holdings in Arch Capital Group by 39.1% in the third quarter. Private Advisor Group LLC now owns 11,368 shares of the insurance provider's stock worth $1,272,000 after buying an additional 3,195 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Arch Capital Group by 9.7% in the third quarter. Assenagon Asset Management S.A. now owns 31,094 shares of the insurance provider's stock worth $3,479,000 after acquiring an additional 2,741 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Arch Capital Group by 1.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,759 shares of the insurance provider's stock worth $4,509,000 after acquiring an additional 393 shares during the period. Baker Tilly Wealth Management LLC grew its stake in shares of Arch Capital Group by 25.6% in the third quarter. Baker Tilly Wealth Management LLC now owns 3,269 shares of the insurance provider's stock worth $366,000 after acquiring an additional 666 shares during the period. Finally, Autumn Glory Partners LLC bought a new stake in shares of Arch Capital Group in the third quarter worth approximately $410,000. 89.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ACGL shares. BMO Capital Markets lifted their price target on shares of Arch Capital Group from $98.00 to $104.00 and gave the stock a "market perform" rating in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods reduced their price target 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 reduced their price target 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. JPMorgan Chase & Co. reduced their price target 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, Wells Fargo & Company reduced 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 research note on Wednesday, February 12th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $117.19.

Arch Capital Group Price Performance

Shares of ACGL traded up $0.83 during mid-day trading on Friday, reaching $92.93. The stock had a trading volume of 2,575,468 shares, compared to its average volume of 1,939,206. The firm has a market cap of $34.96 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 2.31 and a beta of 0.64. Arch Capital Group Ltd. has a 12 month low of $86.41 and a 12 month high of $116.47. The business has a fifty day moving average of $92.04 and a 200 day moving average of $100.39. 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 (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 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 period last year, the company earned $2.45 earnings per share. Equities analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current 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.