Optimize Financial Inc Invests $280,000 in Arch Capital Group Ltd. (NASDAQ:ACGL)

Optimize Financial Inc acquired a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,028 shares of the insurance provider's stock, valued at approximately $280,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Cullen Frost Bankers Inc. acquired a new stake in Arch Capital Group in the 4th quarter valued at $37,000. Golden State Wealth Management LLC bought a new position in shares of Arch Capital Group in the fourth quarter valued at $42,000. Y.D. More Investments Ltd grew its holdings 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 valued at $43,000 after buying an additional 260 shares during the last quarter. UMB Bank n.a. increased its position in shares of Arch Capital Group by 97.0% during the fourth quarter. UMB Bank n.a. now owns 841 shares of the insurance provider's stock worth $78,000 after acquiring an additional 414 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of Arch Capital Group by 47.0% in the 4th quarter. Larson Financial Group LLC now owns 910 shares of the insurance provider's stock worth $84,000 after acquiring an additional 291 shares during the last quarter. Institutional investors own 89.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ACGL shares. Jefferies Financial Group lifted their price target on Arch Capital Group from $105.00 to $106.00 and gave the company a "buy" rating in a research note on Friday. Royal Bank of Canada decreased their price target on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. UBS Group dropped their price objective on Arch Capital Group from $127.00 to $124.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Barclays cut their price objective on shares of Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating on the stock in a report on Friday. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $114.88.

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Insider Activity

In related news, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 140,023 shares in the company, valued at approximately $12,742,093. The trade was a 7.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.20% of the company's stock.

Arch Capital Group Stock Performance

NASDAQ:ACGL traded down $0.41 during trading hours on Tuesday, reaching $92.46. The stock had a trading volume of 1,258,511 shares, compared to its average volume of 1,735,557. Arch Capital Group Ltd. has a 12-month low of $82.49 and a 12-month high of $116.47. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. The stock has a 50 day simple moving average of $91.49 and a 200 day simple moving average of $96.23. The stock has a market cap of $34.74 billion, a P/E ratio of 8.26, a price-to-earnings-growth ratio of 2.31 and a beta of 0.36.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings data 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 17.96% and a net margin of 24.73%. During the same period last year, the company posted $2.45 earnings per share. On average, research analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

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.