Cassaday & Co Wealth Management LLC Acquires 251 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Cassaday & Co Wealth Management LLC boosted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 7.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,821 shares of the insurance provider’s stock after purchasing an additional 251 shares during the quarter. Cassaday & Co Wealth Management LLC’s holdings in Arch Capital Group were worth $353,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in shares of Arch Capital Group during the 3rd quarter worth about $25,000. Golden State Wealth Management LLC bought a new position in Arch Capital Group in the fourth quarter worth approximately $42,000. Y.D. More Investments Ltd grew its stake in Arch Capital Group by 125.6% in the fourth 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 period. Ashton Thomas Securities LLC bought a new stake in shares of Arch Capital Group during the third quarter valued at approximately $50,000. Finally, UMB Bank n.a. increased its stake in Arch Capital Group by 97.0% during the 4th 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 and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced 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. Royal Bank of Canada decreased their price objective on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Wells Fargo & Company lowered their price objective on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods cut their price target on shares of Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Finally, Bank of America cut their price objective on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $117.19.

Arch Capital Group Stock Performance

NASDAQ:ACGL opened at $88.13 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. The firm has a market cap of $33.16 billion, a price-to-earnings ratio of 7.87, a PEG ratio of 2.29 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 business’s fifty day moving average is $91.96 and its 200 day moving average is $100.63.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results 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 24.73% and a return on equity of 17.96%. During the same quarter last year, the company posted $2.45 earnings per share. Research analysts predict that Arch Capital Group Ltd. will post 8.54 EPS for the current 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.