Chemistry Wealth Management LLC Acquires 1,450 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Chemistry Wealth Management LLC raised its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 24.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,423 shares of the insurance provider’s stock after purchasing an additional 1,450 shares during the quarter. Chemistry Wealth Management LLC’s holdings in Arch Capital Group were worth $686,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ACGL. Renaissance Technologies LLC acquired a new stake in Arch Capital Group during the 2nd quarter valued at approximately $4,167,000. Edgestream Partners L.P. acquired a new stake in Arch Capital Group during the 2nd quarter valued at approximately $1,077,000. Mutual of America Capital Management LLC increased its position in Arch Capital Group by 33.7% during the 2nd quarter. Mutual of America Capital Management LLC now owns 80,411 shares of the insurance provider’s stock valued at $8,113,000 after purchasing an additional 20,250 shares during the period. Mercer Global Advisors Inc. ADV increased its position in Arch Capital Group by 2.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 29,089 shares of the insurance provider’s stock valued at $2,935,000 after purchasing an additional 726 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its position in Arch Capital Group by 25.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 23,459 shares of the insurance provider’s stock valued at $2,367,000 after purchasing an additional 4,753 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Price Performance

Shares of ACGL opened at $95.51 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. The business’s fifty day moving average is $95.15 and its 200 day moving average is $101.54. Arch Capital Group Ltd. has a 12-month low of $77.53 and a 12-month high of $116.47. The stock 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 quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.05. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. The business had revenue of $4.72 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same period last year, the business earned $2.31 EPS. Sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.85 earnings per share for the current fiscal year.

Arch Capital Group Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have recently commented on ACGL. Barclays reduced 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. Evercore ISI raised their price objective on shares of Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 9th. Royal Bank of Canada reduced their price objective 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. TD Cowen raised their price objective on shares of Arch Capital Group from $116.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Finally, StockNews.com downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $118.00.

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.