Summit Trail Advisors LLC Boosts Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Summit Trail Advisors LLC grew its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 76.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,486 shares of the insurance provider's stock after buying an additional 9,723 shares during the period. Summit Trail Advisors LLC's holdings in Arch Capital Group were worth $2,077,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its holdings in shares of Arch Capital Group by 41.9% during the 3rd quarter. UMB Bank n.a. now owns 427 shares of the insurance provider's stock worth $48,000 after purchasing an additional 126 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Arch Capital Group during the 3rd quarter worth $912,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Arch Capital Group during the 3rd quarter worth $46,000. Procyon Advisors LLC grew its holdings in shares of Arch Capital Group by 8.0% during the 3rd quarter. Procyon Advisors LLC now owns 9,264 shares of the insurance provider's stock worth $1,037,000 after purchasing an additional 687 shares in the last quarter. Finally, Empirical Asset Management LLC acquired a new stake in Arch Capital Group in the third quarter valued at about $904,000. Institutional investors own 89.07% of the company's stock.

Arch Capital Group Trading Down 2.2 %

ACGL stock traded down $1.96 during mid-day trading on Friday, reaching $88.20. The company's stock had a trading volume of 1,823,977 shares, compared to its average volume of 1,974,106. The company has a market cap of $33.18 billion, a price-to-earnings ratio of 5.92, a price-to-earnings-growth ratio of 1.53 and a beta of 0.64. The business's 50 day moving average price is $92.53 and its 200 day moving average price is $100.93. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a 12 month low of $83.97 and a 12 month high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its 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 return on equity of 18.94% and a net margin of 33.86%. During the same period in the prior year, the company earned $2.45 earnings per share. On average, equities research analysts predict that Arch Capital Group Ltd. will post 8.86 EPS for the current year.

Wall Street Analysts Forecast Growth

ACGL has been the topic of several research analyst reports. Bank of America reduced their price objective on Arch Capital Group from $143.00 to $136.00 and set a "buy" rating on the stock in a research note on Friday, November 15th. StockNews.com downgraded Arch Capital Group from a "buy" rating to a "hold" rating in a research report on Thursday, October 24th. Morgan Stanley dropped their target price on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating for the company in a research report on Friday. Keefe, Bruyette & Woods dropped their target price on Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating for the company in a research report on Thursday. Finally, Royal Bank of Canada dropped their target price on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a research report on Wednesday. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $116.53.

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.