Navellier & Associates Inc. Boosts Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Navellier & Associates Inc. lifted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,634 shares of the insurance provider’s stock after acquiring an additional 889 shares during the quarter. Navellier & Associates Inc.’s holdings in Arch Capital Group were worth $2,921,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Quantbot Technologies LP purchased a new position in shares of Arch Capital Group during the third quarter worth approximately $25,000. Ashton Thomas Securities LLC purchased a new position in shares of Arch Capital Group during the third quarter worth approximately $50,000. Golden State Wealth Management LLC bought a new position in shares of Arch Capital Group during the fourth quarter valued at approximately $42,000. Y.D. More Investments Ltd boosted its stake in shares of 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 valued at $43,000 after purchasing an additional 260 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake 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 valued at $78,000 after purchasing an additional 414 shares in the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ACGL. Bank of America dropped their price objective on shares of 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. Morgan Stanley dropped 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 research note on Friday, February 14th. JPMorgan Chase & Co. dropped their price objective on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. UBS Group dropped their price objective on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Wells Fargo & Company dropped their price objective on shares of Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $117.19.

Arch Capital Group Trading Down 1.0 %

NASDAQ ACGL opened at $88.13 on Friday. The company has a fifty day simple moving average of $91.96 and a two-hundred day simple moving average of $100.63. The stock has a market cap of $33.16 billion, a P/E ratio of 7.87, a P/E/G ratio of 2.34 and a beta of 0.64. Arch Capital Group Ltd. has a 12-month low of $84.00 and a 12-month high of $116.47. 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) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the company earned $2.45 earnings per share. On average, analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current 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.