Lifestyle Asset Management Inc. Grows Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Lifestyle Asset Management Inc. raised its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,958 shares of the insurance provider’s stock after buying an additional 487 shares during the quarter. Lifestyle Asset Management Inc.’s holdings in Arch Capital Group were worth $1,104,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of Arch Capital Group by 1.1% in the 3rd quarter. State Street Corp now owns 16,587,446 shares of the insurance provider’s stock worth $1,855,803,000 after purchasing an additional 172,628 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Arch Capital Group by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 10,830,263 shares of the insurance provider’s stock worth $1,208,307,000 after purchasing an additional 253,648 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Arch Capital Group by 4.8% in the 3rd quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider’s stock worth $832,246,000 after purchasing an additional 337,786 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Arch Capital Group by 1.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,124,251 shares of the insurance provider’s stock worth $573,301,000 after purchasing an additional 49,426 shares during the period. Finally, Legal & General Group Plc boosted its holdings in shares of Arch Capital Group by 10.1% in the 2nd quarter. Legal & General Group Plc now owns 3,455,949 shares of the insurance provider’s stock worth $348,671,000 after purchasing an additional 316,070 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ACGL shares. Keefe, Bruyette & Woods dropped their target price on Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating for the company in a report on Friday, January 10th. BMO Capital Markets boosted their price objective on Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a report on Wednesday, November 6th. StockNews.com cut Arch Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. dropped their price objective on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Finally, Evercore ISI boosted their price objective on Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a report on Wednesday, October 9th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $118.00.

Arch Capital Group Trading Down 0.2 %

Shares of NASDAQ ACGL opened at $93.02 on Friday. The firm has a market cap of $35.00 billion, a PE ratio of 6.24, a price-to-earnings-growth ratio of 1.52 and a beta of 0.64. 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 $78.67 and a twelve month high of $116.47. The business has a fifty day simple moving average of $94.63 and a two-hundred day simple moving average of $101.42.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, topping the consensus estimate of $1.94 by $0.05. The firm had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.05 billion. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same period in the previous year, the company posted $2.31 EPS. Analysts expect that Arch Capital Group Ltd. will post 8.86 earnings per share for the current fiscal year.

Arch Capital Group Announces Dividend

The business also recently declared a special dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were given a $5.00 dividend. The ex-dividend date of this dividend was Monday, November 18th.

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.