CIBC Asset Management Inc Acquires 2,490 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

CIBC Asset Management Inc lifted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,106 shares of the insurance provider’s stock after buying an additional 2,490 shares during the quarter. CIBC Asset Management Inc’s holdings in Arch Capital Group were worth $5,274,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ACGL. Creative Planning raised its holdings in Arch Capital Group by 4.7% during the 3rd quarter. Creative Planning now owns 37,950 shares of the insurance provider’s stock worth $4,246,000 after purchasing an additional 1,720 shares during the last quarter. Raymond James & Associates raised its holdings in Arch Capital Group by 2.2% during the 3rd quarter. Raymond James & Associates now owns 206,635 shares of the insurance provider’s stock worth $23,118,000 after purchasing an additional 4,407 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in Arch Capital Group by 9.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 22,860 shares of the insurance provider’s stock worth $2,558,000 after purchasing an additional 1,989 shares during the last quarter. Signaturefd LLC raised its holdings in Arch Capital Group by 6.8% during the 3rd quarter. Signaturefd LLC now owns 2,952 shares of the insurance provider’s stock worth $330,000 after purchasing an additional 187 shares during the last quarter. Finally, Private Advisor Group LLC raised its holdings in Arch Capital Group by 39.1% during the 3rd quarter. Private Advisor Group LLC now owns 11,368 shares of the insurance provider’s stock worth $1,272,000 after purchasing an additional 3,195 shares during the last quarter. 89.07% of the stock is owned by institutional investors.

Arch Capital Group Trading Up 0.4 %

Shares of Arch Capital Group stock opened at $88.69 on Thursday. Arch Capital Group Ltd. has a 12-month low of $83.97 and a 12-month high of $116.47. The stock has a market cap of $33.37 billion, a P/E ratio of 7.92, a P/E/G ratio of 2.25 and a beta of 0.64. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average is $92.17 and its 200-day moving average is $100.76.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. During the same quarter in the previous year, the company posted $2.45 EPS. Equities research analysts predict that Arch Capital Group Ltd. will post 8.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ACGL has been the subject of several recent research reports. JMP Securities reissued a “market outperform” rating and set a $125.00 price objective on shares of Arch Capital Group in a report on Tuesday, February 11th. JPMorgan Chase & Co. decreased their target price on 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. Royal Bank of Canada decreased their target price on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Morgan Stanley decreased their target price on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Finally, Wells Fargo & Company decreased their target price on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company 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.