Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Acquired by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. boosted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 56.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 6,720 shares of the insurance provider’s stock after buying an additional 2,430 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Arch Capital Group were worth $621,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new position in shares of Arch Capital Group during the 3rd quarter valued at about $25,000. Golden State Wealth Management LLC purchased a new stake in Arch Capital Group in the fourth quarter valued at approximately $42,000. Y.D. More Investments Ltd increased its position in Arch Capital Group by 125.6% during the fourth 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 purchased a new position in Arch Capital Group during the third quarter worth approximately $50,000. Finally, UMB Bank n.a. boosted its holdings in shares of Arch Capital Group by 97.0% in the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock valued at $78,000 after purchasing an additional 414 shares during the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ACGL shares. StockNews.com downgraded Arch Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. JMP Securities restated a “market outperform” rating and set a $125.00 price target on shares of Arch Capital Group in a research note on Tuesday, February 11th. Morgan Stanley reduced their price objective on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday. BMO Capital Markets increased their target price on shares of Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company reduced their price target 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 analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $116.53.

Arch Capital Group Stock Performance

NASDAQ:ACGL opened at $88.20 on Tuesday. Arch Capital Group Ltd. has a 1-year low of $83.97 and a 1-year high of $116.47. The stock has a market cap of $33.18 billion, a P/E ratio of 5.92, a PEG ratio of 1.53 and a beta of 0.64. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58. The firm has a 50-day moving average of $92.37 and a two-hundred day moving average of $100.92.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, beating 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 quarter last year, the firm posted $2.45 earnings per share. On average, research analysts expect that Arch Capital Group Ltd. will post 8.86 earnings per share for the current fiscal year.

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.