McElhenny Sheffield Capital Management LLC Buys Shares of 4,082 Arch Capital Group Ltd. (NASDAQ:ACGL)

McElhenny Sheffield Capital Management LLC purchased a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 4,082 shares of the insurance provider’s stock, valued at approximately $377,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. HB Wealth Management LLC raised its holdings in Arch Capital Group by 3.3% during the fourth quarter. HB Wealth Management LLC now owns 8,172 shares of the insurance provider’s stock worth $755,000 after purchasing an additional 264 shares during the last quarter. Arthur M. Cohen & Associates LLC increased its position in shares of Arch Capital Group by 0.9% in the fourth quarter. Arthur M. Cohen & Associates LLC now owns 32,128 shares of the insurance provider’s stock valued at $2,967,000 after buying an additional 273 shares in the last quarter. Brooklyn Investment Group raised its stake in shares of Arch Capital Group by 15.6% during the 4th quarter. Brooklyn Investment Group now owns 1,456 shares of the insurance provider’s stock worth $134,000 after buying an additional 196 shares during the last quarter. Merit Financial Group LLC boosted its position in shares of Arch Capital Group by 167.2% in the 4th quarter. Merit Financial Group LLC now owns 5,911 shares of the insurance provider’s stock worth $546,000 after buying an additional 3,699 shares in the last quarter. Finally, Wedge Capital Management L L P NC boosted its position in shares of Arch Capital Group by 4.7% in the 4th quarter. Wedge Capital Management L L P NC now owns 120,909 shares of the insurance provider’s stock worth $11,166,000 after buying an additional 5,417 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Trading Down 0.6 %

NASDAQ ACGL opened at $95.51 on Friday. The company has a 50-day moving average of $95.15 and a 200-day moving average of $101.55. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58. Arch Capital Group Ltd. has a 12 month low of $77.53 and a 12 month high of $116.47. The company has a market cap of $35.93 billion, a P/E ratio of 6.41, a P/E/G ratio of 1.41 and a beta of 0.64.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.05. The business had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.05 billion. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same period last year, the company posted $2.31 EPS. As a group, equities analysts predict that Arch Capital Group Ltd. will post 8.85 earnings per share for the current year.

Arch Capital Group Announces Dividend

The firm also recently announced a special dividend, which was paid on Wednesday, December 4th. Investors of record on Monday, November 18th were issued a dividend of $5.00 per share. The ex-dividend date was Monday, November 18th.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Royal Bank of Canada cut their price objective on Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Barclays reduced their target price 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. Jefferies Financial Group raised their price target on Arch Capital Group from $114.00 to $134.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, BMO Capital Markets upped their price objective on Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a research report on Wednesday, November 6th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $118.00.

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.