Wealthspire Advisors LLC Acquires 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) by 54.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 & Exchange Commission.

Several other hedge funds also recently modified their holdings of ACGL. Private Advisor Group LLC increased its stake in Arch Capital Group by 39.1% in the third quarter. Private Advisor Group LLC now owns 11,368 shares of the insurance provider’s stock valued at $1,272,000 after purchasing an additional 3,195 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Arch Capital Group by 9.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 31,094 shares of the insurance provider’s stock valued at $3,479,000 after buying an additional 2,741 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Arch Capital Group by 1.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,759 shares of the insurance provider’s stock valued at $4,509,000 after buying an additional 393 shares in the last quarter. Baker Tilly Wealth Management LLC raised its stake in Arch Capital Group by 25.6% during the 3rd quarter. Baker Tilly Wealth Management LLC now owns 3,269 shares of the insurance provider’s stock worth $366,000 after buying an additional 666 shares during the period. Finally, Autumn Glory Partners LLC acquired a new position in Arch Capital Group during the 3rd quarter worth approximately $410,000. Institutional investors own 89.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ACGL shares. JMP Securities restated a “market outperform” rating and set a $125.00 price objective on shares of Arch Capital Group in a report on Tuesday, February 11th. Keefe, Bruyette & Woods decreased their price target on shares of Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. UBS Group lowered 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 report on Tuesday, February 18th. JPMorgan Chase & Co. reduced their price objective on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Finally, Barclays lowered their target price on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $117.19.

Arch Capital Group Stock Performance

Shares of ACGL opened at $90.35 on Wednesday. The stock has a 50 day moving average of $91.92 and a 200 day moving average of $100.56. The company has a market capitalization of $33.99 billion, a price-to-earnings ratio of 8.07, a PEG ratio of 2.31 and a beta of 0.64. Arch Capital Group Ltd. has a 12 month low of $86.16 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 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 return on equity of 17.96% and a net margin of 24.73%. During the same quarter last year, the firm posted $2.45 earnings per share. As a group, sell-side analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Arch Capital Group 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.