ETF Managers Group LLC lifted its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 15.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,566 shares of the insurance provider’s stock after purchasing an additional 621 shares during the quarter. ETF Managers Group LLC’s holdings in Arch Capital Group were worth $122,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in ACGL. Rehmann Capital Advisory Group lifted its position in Arch Capital Group by 2,880.4% in the third quarter. Rehmann Capital Advisory Group now owns 4,113 shares of the insurance provider’s stock valued at $138,000 after buying an additional 3,975 shares during the last quarter. Schroder Investment Management Group lifted its position in Arch Capital Group by 159.7% in the second quarter. Schroder Investment Management Group now owns 7,352 shares of the insurance provider’s stock valued at $194,000 after buying an additional 4,521 shares during the last quarter. Gilman Hill Asset Management LLC acquired a new position in Arch Capital Group in the third quarter valued at about $224,000. Crossmark Global Holdings Inc. acquired a new position in Arch Capital Group in the third quarter valued at about $239,000. Finally, Tower Research Capital LLC TRC lifted its position in Arch Capital Group by 39.9% in the third quarter. Tower Research Capital LLC TRC now owns 9,400 shares of the insurance provider’s stock valued at $280,000 after buying an additional 2,683 shares during the last quarter. 80.32% of the stock is owned by hedge funds and other institutional investors.
ACGL has been the topic of a number of recent analyst reports. Barclays raised shares of Arch Capital Group from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $29.00 to $32.00 in a research report on Wednesday, January 9th. Zacks Investment Research raised shares of Arch Capital Group from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Thursday, January 3rd. BidaskClub raised shares of Arch Capital Group from a “sell” rating to a “hold” rating in a research report on Thursday, November 15th. Wells Fargo & Co reaffirmed a “hold” rating and issued a $30.00 target price on shares of Arch Capital Group in a research report on Wednesday, October 31st. Finally, Morgan Stanley set a $22.00 price target on shares of Arch Capital Group and gave the stock a “hold” rating in a research report on Wednesday, November 14th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $29.50.
Shares of ACGL opened at $30.83 on Wednesday. The stock has a market cap of $12.27 billion, a PE ratio of 28.81, a price-to-earnings-growth ratio of 1.11 and a beta of 0.68. Arch Capital Group Ltd. has a 1 year low of $24.79 and a 1 year high of $31.32. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.53 and a current ratio of 0.53.
Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Tuesday, February 12th. The insurance provider reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.08. Arch Capital Group had a net margin of 15.15% and a return on equity of 10.30%. During the same quarter in the previous year, the firm earned $1.34 EPS. As a group, analysts predict that Arch Capital Group Ltd. will post 2.12 EPS for the current year.
Arch Capital Group Profile
Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; 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.
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