Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Acquired by Axecap Investments LLC

Axecap Investments LLC lifted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 24.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 35,746 shares of the insurance provider’s stock after acquiring an additional 7,005 shares during the quarter. Arch Capital Group comprises approximately 2.5% of Axecap Investments LLC’s holdings, making the stock its 16th largest position. Axecap Investments LLC’s holdings in Arch Capital Group were worth $3,301,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC increased its holdings in shares of Arch Capital Group by 12.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider’s stock worth $100,000 after buying an additional 101 shares during the last quarter. KG&L Capital Management LLC boosted its position in shares of Arch Capital Group by 1.1% during the 3rd quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider’s stock worth $1,214,000 after purchasing an additional 115 shares during the period. Marks Group Wealth Management Inc boosted its position in shares of Arch Capital Group by 4.2% during the 3rd quarter. Marks Group Wealth Management Inc now owns 2,884 shares of the insurance provider’s stock worth $323,000 after purchasing an additional 115 shares during the period. Harbor Capital Advisors Inc. boosted its position 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 purchasing an additional 116 shares during the period. Finally, UMB Bank n.a. boosted its position in shares of Arch Capital Group by 41.9% during the 3rd quarter. UMB Bank n.a. now owns 427 shares of the insurance provider’s stock worth $48,000 after purchasing an additional 126 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Price Performance

Shares of NASDAQ:ACGL opened at $91.46 on Tuesday. The company’s fifty day moving average price is $93.29 and its 200 day moving average price is $101.21. Arch Capital Group Ltd. has a 12 month low of $82.75 and a 12 month high of $116.47. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58. The firm has a market capitalization of $34.41 billion, a P/E ratio of 6.14, a P/E/G ratio of 1.53 and a beta of 0.64.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. During the same period last year, the firm earned $2.45 EPS. As a group, sell-side analysts predict that Arch Capital Group Ltd. will post 8.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on ACGL. 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. Wells Fargo & Company lowered their price objective on shares of Arch Capital Group from $109.00 to $107.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. BMO Capital Markets increased their price objective on shares of Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 6th. 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. Finally, JPMorgan Chase & Co. decreased their price target 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. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.