QRG Capital Management Inc. Buys 14,803 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

QRG Capital Management Inc. raised its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 39.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 52,628 shares of the insurance provider's stock after buying an additional 14,803 shares during the quarter. QRG Capital Management Inc.'s holdings in Arch Capital Group were worth $4,860,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. State Street Corp increased its position in Arch Capital Group by 1.1% during the third quarter. State Street Corp now owns 16,587,446 shares of the insurance provider's stock worth $1,855,803,000 after acquiring an additional 172,628 shares during the period. Geode Capital Management LLC raised its position in shares of Arch Capital Group by 2.4% during the third quarter. Geode Capital Management LLC now owns 10,830,263 shares of the insurance provider's stock valued at $1,208,307,000 after buying an additional 253,648 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Arch Capital Group by 10.5% during the fourth quarter. Principal Financial Group Inc. now owns 8,222,244 shares of the insurance provider's stock valued at $759,324,000 after buying an additional 783,506 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Arch Capital Group by 4.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,350,868 shares of the insurance provider's stock valued at $488,992,000 after buying an additional 226,617 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in 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 in the last quarter. 89.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

ACGL has been the subject of several recent research reports. Morgan Stanley cut their price target on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating for the company in a report on Friday, February 14th. UBS Group cut their target price on Arch Capital Group from $131.00 to $127.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Barclays decreased their price target 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. BMO Capital Markets boosted their price target on shares of Arch Capital Group from $98.00 to $104.00 and gave the company a "market perform" rating in a report on Wednesday, November 6th. Finally, Wells Fargo & Company decreased their target price on shares of Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 12th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $117.19.

Arch Capital Group Trading Down 0.7 %

NASDAQ:ACGL traded down $0.66 during trading hours on Tuesday, hitting $92.33. 1,386,516 shares of the stock were exchanged, compared to its average volume of 1,918,989. The company's 50 day moving average is $92.06 and its two-hundred day moving average is $100.34. The company has a market capitalization of $34.74 billion, a P/E ratio of 8.24, a price-to-earnings-growth ratio of 2.31 and a beta of 0.64. Arch Capital Group Ltd. has a twelve month low of $86.84 and a twelve month 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.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) 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 quarter last year, the firm earned $2.45 EPS. On average, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share 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.