Impact Partnership Wealth LLC Purchases 8,991 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Impact Partnership Wealth LLC increased its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 190.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,705 shares of the insurance provider’s stock after purchasing an additional 8,991 shares during the period. Impact Partnership Wealth LLC’s holdings in Arch Capital Group were worth $1,266,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Quantbot Technologies LP bought a new stake in Arch Capital Group in the 3rd quarter valued at $25,000. Compagnie Lombard Odier SCmA bought a new position in Arch Capital Group during the third quarter worth about $46,000. UMB Bank n.a. boosted its holdings in Arch Capital Group by 41.9% during the third quarter. UMB Bank n.a. now owns 427 shares of the insurance provider’s stock valued at $48,000 after purchasing an additional 126 shares in the last quarter. Asset Dedication LLC grew its stake in shares of Arch Capital Group by 188.1% in the 3rd quarter. Asset Dedication LLC now owns 435 shares of the insurance provider’s stock valued at $49,000 after purchasing an additional 284 shares during the period. Finally, Ashton Thomas Securities LLC bought a new position in shares of Arch Capital Group during the third quarter valued at $50,000. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL opened at $93.02 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58. The business has a 50-day moving average of $94.63 and a 200-day moving average of $101.42. The stock has a market capitalization of $35.00 billion, a price-to-earnings ratio of 6.24, a PEG ratio of 1.52 and a beta of 0.64. Arch Capital Group Ltd. has a fifty-two week low of $78.67 and a fifty-two week high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.05. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. The firm had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period last year, the company earned $2.31 earnings per share. As a group, sell-side analysts predict that Arch Capital Group Ltd. will post 8.86 earnings per share for the current fiscal year.

Arch Capital Group Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on ACGL shares. JMP Securities increased their price target on shares of Arch Capital Group from $115.00 to $125.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 15th. BMO Capital Markets increased their price objective on Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. dropped their target price on 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. Keefe, Bruyette & Woods lowered their price objective on Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Finally, Wells Fargo & Company dropped their price objective on Arch Capital Group from $109.00 to $107.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Arch Capital Group currently has an average rating of “Moderate Buy” and an average target price of $118.00.

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.