Truist Financial Corp Has $72.10 Million Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Truist Financial Corp raised its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 780,707 shares of the insurance provider's stock after acquiring an additional 4,888 shares during the quarter. Truist Financial Corp owned 0.21% of Arch Capital Group worth $72,098,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ACGL. Quantbot Technologies LP purchased a new stake in Arch Capital Group during the 3rd quarter worth $25,000. Golden State Wealth Management LLC acquired a new position in Arch Capital Group during the 4th quarter worth $42,000. Y.D. More Investments Ltd increased its position 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 purchasing an additional 260 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Arch Capital Group in the 3rd quarter valued at about $50,000. Finally, UMB Bank n.a. lifted 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 purchasing 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 Price Performance

ACGL traded down $0.92 on Friday, reaching $88.13. The company had a trading volume of 1,724,179 shares, compared to its average volume of 1,947,416. Arch Capital Group Ltd. has a one year low of $84.00 and a one year high of $116.47. The company has a market capitalization of $33.16 billion, a P/E ratio of 7.87, a PEG ratio of 2.29 and a beta of 0.64. The company has a fifty day moving average of $91.96 and a 200-day moving average of $100.63. 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 data on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, topping analysts' consensus estimates 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 in the prior year, the firm posted $2.45 EPS. As a group, equities research analysts anticipate that Arch Capital Group Ltd. will post 8.54 earnings per share for the current year.

Analysts Set New Price Targets

ACGL has been the topic of several research reports. JMP Securities restated a "market outperform" rating and set a $125.00 price objective on shares of Arch Capital Group in a research note on Tuesday, February 11th. Keefe, Bruyette & Woods dropped their price target on 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. StockNews.com downgraded shares of Arch Capital Group from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. JPMorgan Chase & Co. dropped their target price on shares of Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating on the stock in a report on Friday, January 3rd. Finally, BMO Capital Markets lifted 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. Six research 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 $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.