Navellier & Associates Inc. Raises Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Navellier & Associates Inc. increased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.9% in the 4th quarter, HoldingsChannel reports. The firm owned 31,634 shares of the insurance provider’s stock after acquiring an additional 889 shares during the quarter. Navellier & Associates Inc.’s holdings in Arch Capital Group were worth $2,921,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Farther Finance Advisors LLC raised its holdings in shares of Arch Capital Group by 12.8% during the third quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider’s stock worth $100,000 after purchasing an additional 101 shares during the last quarter. KG&L Capital Management LLC raised its holdings in shares of Arch Capital Group by 1.1% during the third 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 last quarter. Marks Group Wealth Management Inc raised its holdings in shares of Arch Capital Group by 4.2% during the third 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 last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Arch Capital Group by 1.3% during the third 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 last quarter. Finally, Bensler LLC increased its holdings in Arch Capital Group by 0.7% in the third quarter. Bensler LLC now owns 18,921 shares of the insurance provider’s stock valued at $2,117,000 after buying an additional 126 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ACGL shares. JMP Securities reaffirmed a “market outperform” rating and issued a $125.00 price objective on shares of Arch Capital Group in a report on Tuesday, February 11th. Wells Fargo & Company cut their price objective on shares of Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Royal Bank of Canada cut their price objective on shares of Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Bank of America cut 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 report on Friday, November 15th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $117.19.

Arch Capital Group Stock Down 1.0 %

Shares of NASDAQ ACGL opened at $88.13 on Friday. The firm has a market cap of $33.16 billion, a price-to-earnings ratio of 7.87, a price-to-earnings-growth ratio of 2.34 and a beta of 0.64. Arch Capital Group Ltd. has a 52-week low of $84.00 and a 52-week high of $116.47. The company’s 50-day simple moving average is $91.96 and its 200-day simple moving average is $100.63. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. During the same quarter last year, the firm earned $2.45 EPS. Equities analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Arch Capital Group Company 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.