Northstar Group Inc. Has $11.29 Million Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Northstar Group Inc. grew its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 5.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 122,197 shares of the insurance provider’s stock after purchasing an additional 5,947 shares during the period. Arch Capital Group comprises 1.9% of Northstar Group Inc.’s portfolio, making the stock its 11th largest holding. Northstar Group Inc.’s holdings in Arch Capital Group were worth $11,285,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ACGL. Farther Finance Advisors LLC grew its position in Arch Capital Group by 12.8% during the third quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider’s stock valued at $100,000 after purchasing an additional 101 shares in the last quarter. Fiduciary Financial Group LLC boosted its stake in shares of Arch Capital Group by 2.8% during the 3rd quarter. Fiduciary Financial Group LLC now owns 3,779 shares of the insurance provider’s stock valued at $415,000 after buying an additional 103 shares during the period. KG&L Capital Management LLC grew its holdings in shares of Arch Capital Group by 1.1% during the 3rd quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider’s stock valued at $1,214,000 after acquiring an additional 115 shares in 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 acquiring an additional 115 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in shares of Arch Capital Group by 1.3% in the third quarter. Harbor Capital Advisors Inc. now owns 8,878 shares of the insurance provider’s stock worth $993,000 after acquiring an additional 116 shares during the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Price Performance

Shares of NASDAQ:ACGL opened at $93.50 on Friday. The company has a market cap of $35.18 billion, a price-to-earnings ratio of 6.28, a PEG ratio of 1.53 and a beta of 0.64. The business has a 50 day moving average price of $93.45 and a 200 day moving average price of $101.16. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a twelve month low of $80.97 and a twelve month high of $116.47.

Analysts Set New Price Targets

ACGL has been the topic of a number of recent research reports. StockNews.com downgraded Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Wells Fargo & Company lowered their price target on Arch Capital Group from $109.00 to $107.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. JMP Securities raised their price objective on shares of Arch Capital Group from $115.00 to $125.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 15th. Royal Bank of Canada decreased their target price on shares of 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. Finally, JPMorgan Chase & Co. dropped their price target 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. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Arch Capital Group currently has an average rating of “Moderate Buy” and an average price target of $118.00.

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.