Oppenheimer Asset Management Inc. Raises Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Oppenheimer Asset Management Inc. grew its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 121,080 shares of the insurance provider’s stock after acquiring an additional 1,135 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Arch Capital Group were worth $11,182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Quantbot Technologies LP purchased a new stake in Arch Capital Group in the third quarter worth about $25,000. Golden State Wealth Management LLC bought a new position in shares of Arch Capital Group during the 4th quarter valued at approximately $42,000. Y.D. More Investments Ltd increased its holdings in Arch Capital Group by 125.6% in the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 260 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in Arch Capital Group during the 3rd quarter worth approximately $50,000. Finally, UMB Bank n.a. lifted its holdings in 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 in the last quarter. 89.07% of the stock is owned by institutional investors.

Arch Capital Group Trading Up 2.8 %

ACGL stock opened at $92.10 on Friday. The firm has a market cap of $34.65 billion, a PE ratio of 8.22, a price-to-earnings-growth ratio of 2.31 and a beta of 0.64. The firm has a fifty day moving average price of $92.00 and a 200 day moving average price of $100.42. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. Arch Capital Group Ltd. has a fifty-two week low of $86.41 and a fifty-two week high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 EPS 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 period in the previous year, the company posted $2.45 earnings per share. Sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on ACGL shares. Bank of America reduced 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 note on Friday, November 15th. UBS Group decreased their price target on Arch Capital Group from $131.00 to $127.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. JMP Securities reaffirmed a “market outperform” rating and issued a $125.00 price objective on shares of Arch Capital Group in a research note on Tuesday, February 11th. Keefe, Bruyette & Woods cut their target price on Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. lowered their price target on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $117.19.

About Arch Capital Group

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.