Arch Capital Group Ltd. (NASDAQ:ACGL) Stock Holdings Increased by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI raised its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 13.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,653 shares of the insurance provider’s stock after acquiring an additional 420 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Arch Capital Group were worth $336,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new stake in Arch Capital Group during the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC bought a new stake in Arch Capital Group during the 3rd quarter valued at $50,000. Golden State Wealth Management LLC bought a new stake in Arch Capital Group during the 4th quarter valued at $42,000. Y.D. More Investments Ltd raised its stake in Arch Capital Group by 125.6% during the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 260 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in Arch Capital Group by 97.0% during the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock valued at $78,000 after acquiring an additional 414 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $91.35 on Thursday. Arch Capital Group Ltd. has a 1-year low of $86.84 and a 1-year 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. The company has a market capitalization of $34.29 billion, a price-to-earnings ratio of 8.16, a P/E/G ratio of 2.31 and a beta of 0.62. The stock’s fifty day simple moving average is $92.02 and its 200-day simple moving average is $100.21.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results 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 17.96% and a net margin of 24.73%. During the same quarter in the prior year, the business earned $2.45 EPS. On average, sell-side analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ACGL shares. Bank of America cut their target price on 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. Barclays dropped their price objective on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Keefe, Bruyette & Woods dropped their price objective on Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. JPMorgan Chase & Co. dropped their price objective on 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. Finally, Wells Fargo & Company dropped their price objective on 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $117.19.

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.