Oxbow Advisors LLC Acquires New Shares in Arch Capital Group Ltd. (NASDAQ:ACGL)

Oxbow Advisors LLC bought a new position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 42,015 shares of the insurance provider's stock, valued at approximately $3,880,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in shares of Arch Capital Group in the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC bought a new stake in Arch Capital Group during the third quarter worth about $50,000. Golden State Wealth Management LLC bought a new position in shares of Arch Capital Group in the fourth quarter valued at approximately $42,000. Y.D. More Investments Ltd boosted its holdings in shares of Arch Capital Group by 125.6% in the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock worth $43,000 after acquiring an additional 260 shares in the last quarter. Finally, UMB Bank n.a. grew its position in Arch Capital Group by 97.0% during the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider's stock worth $78,000 after acquiring an additional 414 shares during the last quarter. 89.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ACGL has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their price objective on Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating for the company in a research report on Friday, January 3rd. Bank of America reduced their price target 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. Keefe, Bruyette & Woods lowered their price objective on shares of Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Barclays dropped their target price on shares of Arch Capital Group from $120.00 to $100.00 and set an "equal weight" rating for the company in a research note on Monday, January 6th. Finally, UBS Group lowered their price target on shares of Arch Capital Group from $131.00 to $127.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Arch Capital Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $117.19.

Arch Capital Group Price Performance

NASDAQ ACGL traded down $0.78 on Wednesday, hitting $89.57. 1,769,419 shares of the company's stock were exchanged, compared to its average volume of 1,919,460. The stock has a 50-day moving average of $91.92 and a 200-day moving average of $100.56. The stock has a market cap of $33.70 billion, a price-to-earnings ratio of 8.00, a P/E/G ratio of 2.31 and a beta of 0.64. Arch Capital Group Ltd. has a 52 week low of $86.16 and a 52 week high of $116.47. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, beating 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 firm earned $2.45 EPS. Analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current 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.