Mutual of America Capital Management LLC Has $9.50 Million Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Mutual of America Capital Management LLC increased its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 24.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 102,828 shares of the insurance provider's stock after acquiring an additional 20,310 shares during the quarter. Mutual of America Capital Management LLC's holdings in Arch Capital Group were worth $9,496,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Arch Capital Group by 245.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,739 shares of the insurance provider's stock worth $341,652,000 after buying an additional 2,168,897 shares during the last quarter. Swedbank AB raised its stake in Arch Capital Group by 268.8% during the 4th quarter. Swedbank AB now owns 1,261,957 shares of the insurance provider's stock valued at $116,542,000 after purchasing an additional 919,793 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Arch Capital Group by 10.5% in the 4th quarter. Principal Financial Group Inc. now owns 8,222,244 shares of the insurance provider's stock valued at $759,324,000 after purchasing an additional 783,506 shares during the period. Erste Asset Management GmbH acquired a new stake in Arch Capital Group in the 3rd quarter worth $82,748,000. Finally, AustralianSuper Pty Ltd increased its holdings in shares of Arch Capital Group by 736.4% during the 4th quarter. AustralianSuper Pty Ltd now owns 766,365 shares of the insurance provider's stock worth $70,774,000 after purchasing an additional 674,739 shares during the period. 89.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on ACGL. Bank of America decreased their price objective on Arch Capital Group from $143.00 to $136.00 and set a "buy" rating on the stock in a report on Friday, November 15th. JPMorgan Chase & Co. decreased their price target on Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating on the stock in a research note on Friday, January 3rd. UBS Group dropped their price target on Arch Capital Group from $131.00 to $127.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Barclays decreased their target price on 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. Finally, Keefe, Bruyette & Woods cut their price target on Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $117.19.

Arch Capital Group Trading Down 0.6 %

Shares of ACGL traded down $0.52 during trading hours on Wednesday, reaching $91.35. The stock had a trading volume of 2,111,507 shares, compared to its average volume of 1,947,622. The company has a market cap of $34.37 billion, a P/E ratio of 8.16, a P/E/G ratio of 2.31 and a beta of 0.64. Arch Capital Group Ltd. has a 52 week low of $86.84 and a 52 week high of $116.47. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average of $92.02 and a 200 day moving average of $100.21.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.36. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. During the same period in the prior year, the company earned $2.45 earnings per share. On average, sell-side analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal 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.