CIBC Private Wealth Group LLC Purchases 2,267 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

CIBC Private Wealth Group LLC boosted its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 35.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,614 shares of the insurance provider’s stock after buying an additional 2,267 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Arch Capital Group were worth $798,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of ACGL. Quantbot Technologies LP acquired a new stake in shares of Arch Capital Group in the third quarter valued at about $25,000. Cullen Frost Bankers Inc. acquired a new stake in Arch Capital Group in the 4th quarter valued at approximately $37,000. Golden State Wealth Management LLC bought a new position in Arch Capital Group in the 4th quarter worth approximately $42,000. Y.D. More Investments Ltd lifted its holdings in shares of Arch Capital Group by 125.6% during the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock worth $43,000 after buying an additional 260 shares during the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Arch Capital Group by 97.0% in the fourth quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock valued at $78,000 after acquiring an additional 414 shares during the period. Institutional investors own 89.07% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Royal Bank of Canada cut their target price on shares of Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. 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 research report on Friday, January 3rd. Wells Fargo & Company reduced their target price on shares of 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. Morgan Stanley lowered their price target on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Finally, Barclays reduced their price objective on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $117.19.

Insiders Place Their Bets

In related news, insider Louis T. Petrillo sold 11,600 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total value of $1,055,600.00. Following the completion of the sale, the insider now owns 140,023 shares of the company’s stock, valued at $12,742,093. This trade represents a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 4.20% of the company’s stock.

Arch Capital Group Trading Down 8.8 %

ACGL stock opened at $87.83 on Friday. The business has a fifty day moving average price of $92.23 and a 200 day moving average price of $97.68. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58. Arch Capital Group Ltd. has a fifty-two week low of $87.42 and a fifty-two week high of $116.47. The stock has a market capitalization of $33.00 billion, a price-to-earnings ratio of 7.84, a P/E/G ratio of 2.31 and a beta of 0.36.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, beating 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 period in the previous year, the business earned $2.45 earnings per share. Analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

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.