Terril Brothers Inc. bought a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL – Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 2,196 shares of the insurance provider’s stock, valued at approximately $203,000.
Other hedge funds have also made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in shares of Arch Capital Group during the 3rd quarter worth about $25,000. Golden State Wealth Management LLC acquired a new stake in shares of Arch Capital Group during the 4th quarter worth about $42,000. Y.D. More Investments Ltd increased its position in shares of 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 worth $43,000 after purchasing an additional 260 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Arch Capital Group during the 3rd quarter worth about $50,000. Finally, UMB Bank n.a. increased its position in shares of Arch Capital Group by 97.0% during the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock worth $78,000 after purchasing an additional 414 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.
Analyst Upgrades and Downgrades
ACGL has been the subject of a number of recent analyst reports. UBS Group dropped their target price 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, February 18th. Barclays lowered their price objective on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. lowered 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 research report on Friday, January 3rd. Bank of America lowered their price objective on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Finally, Morgan Stanley lowered their price objective on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Arch Capital Group has a consensus rating of “Moderate Buy” and a consensus price target of $117.19.
Arch Capital Group Stock Up 0.9 %
Shares of NASDAQ ACGL opened at $92.93 on Friday. The firm has a market capitalization of $34.96 billion, a PE ratio of 8.30, a price-to-earnings-growth ratio of 2.31 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. Arch Capital Group Ltd. has a 1 year low of $86.41 and a 1 year high of $116.47. The firm’s 50-day moving average is $92.04 and its 200-day moving average is $100.39.
Arch Capital Group (NASDAQ:ACGL – Get Free Report) last released its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 earnings per share 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 last year, the business posted $2.45 EPS. Equities analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current year.
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.
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