Allworth Financial LP Increases Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Allworth Financial LP raised its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 14,363 shares of the insurance provider’s stock after acquiring an additional 627 shares during the quarter. Allworth Financial LP’s holdings in Arch Capital Group were worth $1,339,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Quantbot Technologies LP purchased a new stake in shares of Arch Capital Group during the third quarter valued at $25,000. Golden State Wealth Management LLC bought a new position in Arch Capital Group during the 4th quarter valued at about $42,000. Y.D. More Investments Ltd boosted its holdings 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 valued at $43,000 after acquiring an additional 260 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Arch Capital Group in the third quarter worth approximately $50,000. Finally, UMB Bank n.a. raised its holdings in shares of Arch Capital Group by 97.0% during the fourth quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock valued at $78,000 after purchasing an additional 414 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Price Performance

NASDAQ:ACGL opened at $88.33 on Wednesday. The stock has a market cap of $33.23 billion, a PE ratio of 5.93, a P/E/G ratio of 1.53 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. The business’s 50-day simple moving average is $92.27 and its two-hundred day simple moving average is $100.85. Arch Capital Group Ltd. has a 52 week low of $83.97 and a 52 week high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.36. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same quarter in the prior year, the firm posted $2.45 EPS. As a group, analysts forecast that Arch Capital Group Ltd. will post 8.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ACGL shares. BMO Capital Markets lifted their target price 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. Morgan Stanley cut their price objective on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, February 14th. StockNews.com downgraded Arch Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. UBS Group cut their price target on Arch Capital Group from $131.00 to $127.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Royal Bank of Canada lowered their price objective on shares of Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $117.19.

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.