Fifth Third Wealth Advisors LLC Grows Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Fifth Third Wealth Advisors LLC lifted its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 71.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 5,076 shares of the insurance provider’s stock after acquiring an additional 2,121 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Arch Capital Group were worth $469,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of ACGL. Accurate Wealth Management LLC grew its position in Arch Capital Group by 55.6% during the 4th quarter. Accurate Wealth Management LLC now owns 28,212 shares of the insurance provider’s stock worth $2,544,000 after purchasing an additional 10,082 shares during the last quarter. Sunflower Bank N.A. lifted its stake in shares of Arch Capital Group by 12.0% during the fourth quarter. Sunflower Bank N.A. now owns 2,745 shares of the insurance provider’s stock worth $254,000 after buying an additional 295 shares during the period. Wedmont Private Capital grew its holdings in shares of Arch Capital Group by 94.2% during the fourth quarter. Wedmont Private Capital now owns 10,556 shares of the insurance provider’s stock valued at $952,000 after buying an additional 5,120 shares during the last quarter. Czech National Bank increased its position in shares of Arch Capital Group by 6.5% in the 4th quarter. Czech National Bank now owns 81,247 shares of the insurance provider’s stock valued at $7,503,000 after acquiring an additional 4,951 shares during the period. Finally, Harbor Capital Advisors Inc. raised its stake in Arch Capital Group by 4.3% in the 4th quarter. Harbor Capital Advisors Inc. now owns 9,258 shares of the insurance provider’s stock worth $855,000 after acquiring an additional 380 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ACGL. Royal Bank of Canada cut their price objective on Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. BMO Capital Markets raised their price target on shares of Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 6th. Bank of America dropped their price objective on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a report on Friday, November 15th. JPMorgan Chase & Co. reduced their target price 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. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $118.00.

Arch Capital Group Stock Up 2.6 %

ACGL opened at $96.10 on Friday. Arch Capital Group Ltd. has a twelve month low of $77.53 and a twelve month high of $116.47. The company has a 50-day moving average price of $95.35 and a 200 day moving average price of $101.61. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. The company has a market cap of $36.16 billion, a PE ratio of 6.45, a price-to-earnings-growth ratio of 1.41 and a beta of 0.64.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.05. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. The company had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the prior year, the company earned $2.31 EPS. Sell-side analysts expect that Arch Capital Group Ltd. will post 8.85 earnings per share for the current fiscal year.

Arch Capital Group Announces Dividend

The company also recently announced a special dividend, which was paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th were paid a dividend of $5.00 per share. The ex-dividend date of this dividend was Monday, November 18th.

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.