Kolinsky Wealth Management LLC Invests $226,000 in Arch Capital Group Ltd. (NASDAQ:ACGL)

Kolinsky Wealth Management LLC acquired a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the third quarter, HoldingsChannel reports. The fund acquired 2,019 shares of the insurance provider’s stock, valued at approximately $226,000.

A number of other institutional investors have also recently added to or reduced their stakes in ACGL. Quantbot Technologies LP purchased a new stake in Arch Capital Group during the 3rd quarter worth $25,000. UMB Bank n.a. purchased a new stake in Arch Capital Group during the 2nd quarter worth $30,000. Baldwin Brothers LLC MA boosted its position in Arch Capital Group by 50.7% during the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 104 shares during the period. Rothschild Investment LLC purchased a new stake in Arch Capital Group during the 2nd quarter worth $35,000. Finally, LRI Investments LLC purchased a new stake in Arch Capital Group during the 1st quarter worth $38,000. 89.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ACGL shares. Royal Bank of Canada decreased their price target 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. JMP Securities upped 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. Evercore ISI upped their price objective on shares of Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a research report on Wednesday, October 9th. Roth Mkm upped their price objective on shares of Arch Capital Group from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Finally, BMO Capital Markets upped their price objective on shares of 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 eleven have given a buy rating to the company. According to MarketBeat.com, Arch Capital Group presently has an average rating of “Moderate Buy” and a consensus target price of $118.38.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $100.72 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58. Arch Capital Group Ltd. has a one year low of $72.85 and a one year high of $116.47. The company’s 50-day simple moving average is $105.65 and its 200-day simple moving average is $103.35. The stock has a market capitalization of $37.89 billion, a price-to-earnings ratio of 6.76, a PEG ratio of 1.60 and a beta of 0.61.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data 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 firm had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.05 billion. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. During the same quarter in the prior year, the business earned $2.31 earnings per share. Equities analysts anticipate that Arch Capital Group Ltd. will post 8.99 earnings per share for the current fiscal year.

Arch Capital Group Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Wednesday, December 4th. Investors of record on Monday, November 18th will be paid a dividend of $5.00 per share. The ex-dividend date is Monday, November 18th.

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.