Allworth Financial LP Boosts Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Allworth Financial LP raised its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,363 shares of the insurance provider’s stock after acquiring an additional 627 shares during the period. Allworth Financial LP’s holdings in Arch Capital Group were worth $1,339,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Farther Finance Advisors LLC increased its stake in Arch Capital Group by 12.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider’s stock worth $100,000 after purchasing an additional 101 shares during the period. KG&L Capital Management LLC grew its holdings in shares of Arch Capital Group by 1.1% in the third quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider’s stock worth $1,214,000 after purchasing an additional 115 shares during the last quarter. Marks Group Wealth Management Inc increased its stake in shares of Arch Capital Group by 4.2% in the third quarter. Marks Group Wealth Management Inc now owns 2,884 shares of the insurance provider’s stock worth $323,000 after buying an additional 115 shares during the period. Harbor Capital Advisors Inc. raised its holdings in Arch Capital Group by 1.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,878 shares of the insurance provider’s stock valued at $993,000 after buying an additional 116 shares during the last quarter. Finally, Bensler LLC boosted its position in Arch Capital Group by 0.7% during the 3rd quarter. Bensler LLC now owns 18,921 shares of the insurance provider’s stock valued at $2,117,000 after buying an additional 126 shares during the period. Institutional investors own 89.07% of the company’s stock.

Analysts Set New Price Targets

ACGL has been the topic of a number of analyst reports. Barclays decreased their price objective on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. Bank of America reduced their price target on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Wells Fargo & Company dropped their price objective on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. UBS Group reduced their target price on Arch Capital Group from $131.00 to $127.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, JPMorgan Chase & Co. dropped their price target on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Arch Capital Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.19.

Arch Capital Group Stock Performance

Shares of ACGL opened at $88.33 on Wednesday. Arch Capital Group Ltd. has a 52 week low of $83.97 and a 52 week high of $116.47. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. The stock has a market cap of $33.23 billion, a P/E ratio of 5.93, a P/E/G ratio of 1.53 and a beta of 0.64. The business’s 50 day moving average price is $92.27 and its 200-day moving average price is $100.85.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results 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 18.94% and a net margin of 33.86%. During the same period in the previous year, the company earned $2.45 EPS. Equities research analysts anticipate that Arch Capital Group Ltd. will post 8.86 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.