Wealthspire Advisors LLC Purchases 3,816 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Wealthspire Advisors LLC lifted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 54.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,800 shares of the insurance provider's stock after buying an additional 3,816 shares during the quarter. Wealthspire Advisors LLC's holdings in Arch Capital Group were worth $997,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of ACGL. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in Arch Capital Group by 3.5% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 197,111 shares of the insurance provider's stock worth $18,203,000 after purchasing an additional 6,663 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in Arch Capital Group by 5.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 111,229 shares of the insurance provider's stock worth $12,444,000 after purchasing an additional 5,614 shares during the period. PNC Financial Services Group Inc. grew its holdings in Arch Capital Group by 10.0% in the third quarter. PNC Financial Services Group Inc. now owns 71,721 shares of the insurance provider's stock worth $8,024,000 after purchasing an additional 6,521 shares during the period. Pittenger & Anderson Inc. grew its holdings in Arch Capital Group by 56.6% in the fourth quarter. Pittenger & Anderson Inc. now owns 6,720 shares of the insurance provider's stock worth $621,000 after purchasing an additional 2,430 shares during the period. Finally, Metis Global Partners LLC grew its holdings in Arch Capital Group by 26.6% in the third quarter. Metis Global Partners LLC now owns 25,465 shares of the insurance provider's stock worth $2,849,000 after purchasing an additional 5,345 shares during the period. Hedge funds and other institutional investors own 89.07% of the company's stock.

Arch Capital Group Stock Performance

NASDAQ ACGL traded up $0.83 during trading hours on Friday, hitting $92.93. 2,575,468 shares of the company's stock traded hands, compared to its average volume of 1,939,206. The business's fifty day moving average price is $92.04 and its two-hundred day moving average price is $100.39. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $34.96 billion, a P/E ratio of 8.30, a P/E/G ratio of 2.31 and a beta of 0.64. Arch Capital Group Ltd. has a 52 week low of $86.41 and a 52 week high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its 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 net margin of 24.73% and a return on equity of 17.96%. During the same quarter last year, the business earned $2.45 earnings per share. Equities research analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Morgan Stanley cut their price objective on shares of Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. BMO Capital Markets raised 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 research report on Wednesday, November 6th. Wells Fargo & Company reduced their price target on shares of Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating for the company in a research report on Wednesday, February 12th. Barclays reduced their price target on shares of Arch Capital Group from $120.00 to $100.00 and set an "equal weight" rating for the company in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. reduced their price target on shares of 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. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target 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.