Principal Financial Group Inc. Grows Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Principal Financial Group Inc. increased its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 10.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,222,244 shares of the insurance provider's stock after purchasing an additional 783,506 shares during the quarter. Principal Financial Group Inc. owned 2.19% of Arch Capital Group worth $759,324,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Quantbot Technologies LP bought a new stake in Arch Capital Group in the 3rd quarter worth $25,000. Golden State Wealth Management LLC bought a new stake in Arch Capital Group in the 4th quarter worth $42,000. Y.D. More Investments Ltd grew its holdings in 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 during the last quarter. Ashton Thomas Securities LLC bought a new stake in Arch Capital Group in the 3rd quarter worth $50,000. Finally, UMB Bank n.a. grew its holdings in Arch Capital Group by 97.0% in 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. Hedge funds and other institutional investors own 89.07% of the company's stock.

Arch Capital Group Stock Performance

NASDAQ ACGL traded up $0.40 during trading hours on Thursday, hitting $89.09. 2,089,331 shares of the company's stock traded hands, compared to its average volume of 1,954,183. The firm has a market capitalization of $33.52 billion, a P/E ratio of 7.95, a P/E/G ratio of 2.28 and a beta of 0.64. Arch Capital Group Ltd. has a 52 week low of $83.97 and a 52 week high of $116.47. The business's fifty day moving average price is $92.07 and its two-hundred day moving average price is $100.68. 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 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 research analysts predict that Arch Capital Group Ltd. will post 8.54 EPS for the current year.

Analyst Ratings Changes

ACGL has been the topic of a number of research reports. Keefe, Bruyette & Woods cut their target price on shares of Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. Morgan Stanley cut their target price on shares of Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating on the stock in a research note on Friday, February 14th. StockNews.com lowered shares of Arch Capital Group from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Royal Bank of Canada cut their target price on shares of Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. Finally, Barclays dropped their price objective on shares of Arch Capital Group from $120.00 to $100.00 and set an "equal weight" rating on the stock in a research note on Monday, January 6th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Arch Capital Group has an average rating of "Moderate Buy" and a consensus target price of $117.19.

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.