Insight Wealth Strategies LLC Boosts Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Insight Wealth Strategies LLC lifted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 68.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,965 shares of the insurance provider's stock after purchasing an additional 17,427 shares during the period. Insight Wealth Strategies LLC's holdings in Arch Capital Group were worth $3,968,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ACGL. Nordea Investment Management AB grew its stake in shares of Arch Capital Group by 3.1% in the 4th quarter. Nordea Investment Management AB now owns 30,283 shares of the insurance provider's stock valued at $2,785,000 after buying an additional 905 shares during the period. Everence Capital Management Inc. grew its position in Arch Capital Group by 239.9% in the fourth quarter. Everence Capital Management Inc. now owns 19,580 shares of the insurance provider's stock worth $1,808,000 after acquiring an additional 13,820 shares during the period. Oddo BHF Asset Management Sas acquired a new stake in Arch Capital Group during the third quarter worth $1,846,000. Franklin Resources Inc. increased its stake in Arch Capital Group by 10.1% during the third quarter. Franklin Resources Inc. now owns 608,467 shares of the insurance provider's stock worth $67,595,000 after acquiring an additional 55,939 shares during the last quarter. Finally, Synovus Financial Corp raised its position in Arch Capital Group by 12.7% in the third quarter. Synovus Financial Corp now owns 4,601 shares of the insurance provider's stock valued at $515,000 after purchasing an additional 519 shares during the period. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Stock Down 0.7 %

Arch Capital Group stock traded down $0.66 during midday trading on Monday, reaching $90.74. The company's stock had a trading volume of 1,790,954 shares, compared to its average volume of 1,481,785. The company has a market cap of $34.14 billion, a P/E ratio of 6.09, a P/E/G ratio of 1.49 and a beta of 0.64. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. The business has a 50-day simple moving average of $96.72 and a 200-day simple moving average of $102.16. Arch Capital Group Ltd. has a fifty-two week low of $74.85 and a fifty-two week high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.05. The company had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.05 billion. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. During the same quarter in the prior year, the firm posted $2.31 earnings per share. On average, research analysts expect that Arch Capital Group Ltd. will post 8.99 earnings per share for the current fiscal year.

Arch Capital Group Dividend Announcement

The firm also recently declared a special dividend, which was paid on Wednesday, December 4th. Investors of record on Monday, November 18th were given a $5.00 dividend. The ex-dividend date was Monday, November 18th.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Bank of America decreased their target price on shares of 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. Royal Bank of Canada decreased their price objective on shares of Arch Capital Group from $128.00 to $125.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. Evercore ISI lifted their target price on shares of Arch Capital Group from $104.00 to $107.00 and gave the company an "in-line" rating in a report on Wednesday, October 9th. Wells Fargo & Company decreased their price target on Arch Capital Group from $118.00 to $109.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 19th. Finally, TD Cowen lifted their target price on Arch Capital Group from $116.00 to $138.00 and gave the company a "buy" rating in a research report on Friday, September 20th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, Arch Capital Group has an average rating of "Moderate Buy" and a consensus target price of $116.88.

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.