Cassaday & Co Wealth Management LLC Has $353,000 Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Cassaday & Co Wealth Management LLC boosted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 7.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,821 shares of the insurance provider’s stock after purchasing an additional 251 shares during the period. Cassaday & Co Wealth Management LLC’s holdings in Arch Capital Group were worth $353,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in shares of Arch Capital Group by 12.8% in the 3rd 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 during the period. KG&L Capital Management LLC raised its stake in Arch Capital Group by 1.1% in the third quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider’s stock valued at $1,214,000 after buying an additional 115 shares during the period. Marks Group Wealth Management Inc lifted its position 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 valued at $323,000 after buying an additional 115 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Arch Capital Group by 1.3% during the 3rd 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 period. Finally, Bensler LLC increased its holdings in shares of Arch Capital Group by 0.7% during the 3rd quarter. Bensler LLC now owns 18,921 shares of the insurance provider’s stock worth $2,117,000 after acquiring an additional 126 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Price Performance

Arch Capital Group stock opened at $88.13 on Friday. The company has a market capitalization of $33.16 billion, a PE ratio of 7.87, a P/E/G ratio of 2.29 and a beta of 0.64. 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 stock has a 50-day moving average price of $91.96 and a two-hundred day moving average price of $100.63. Arch Capital Group Ltd. has a 12 month low of $84.00 and a 12 month high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, topping the consensus estimate 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 quarter in the prior year, the firm posted $2.45 EPS. Analysts expect that Arch Capital Group Ltd. will post 8.54 EPS for the current year.

Analyst Upgrades and Downgrades

ACGL has been the topic of several research analyst reports. 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 report on Wednesday, February 12th. UBS Group cut their price objective on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating for the company in a research report on Tuesday. JMP Securities reiterated a “market outperform” rating and set a $125.00 target price on shares of Arch Capital Group in a research note on Tuesday, February 11th. JPMorgan Chase & Co. reduced their price target on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. Finally, Bank of America dropped their target price on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a report on Friday, November 15th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Arch Capital Group currently has an average rating of “Moderate Buy” and an average price target 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.