Smith Group Asset Management LLC Acquires 260 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Smith Group Asset Management LLC increased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 315,969 shares of the insurance provider’s stock after acquiring an additional 260 shares during the quarter. Arch Capital Group comprises about 2.2% of Smith Group Asset Management LLC’s investment portfolio, making the stock its 16th largest holding. Smith Group Asset Management LLC’s holdings in Arch Capital Group were worth $29,180,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in shares of Arch Capital Group in the 3rd quarter valued at approximately $25,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Arch Capital Group in the 3rd quarter valued at approximately $46,000. UMB Bank n.a. boosted its stake in shares of Arch Capital Group by 41.9% in the 3rd 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 boosted 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 in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Arch Capital Group in the 3rd quarter valued at approximately $50,000. 89.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

ACGL has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reduced 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 research note on Friday, January 10th. Barclays cut their target price on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. Jefferies Financial Group lifted their target price on shares of Arch Capital Group from $114.00 to $134.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. JMP Securities lifted their target price on shares of Arch Capital Group from $115.00 to $125.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 15th. Finally, StockNews.com downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Arch Capital Group has an average rating of “Moderate Buy” and an average target price of $118.00.

Arch Capital Group Stock Performance

NASDAQ:ACGL opened at $95.21 on Wednesday. The company has a fifty day moving average of $94.43 and a 200-day moving average of $101.42. The firm has a market capitalization of $35.82 billion, a P/E ratio of 6.39, a P/E/G ratio of 1.52 and a beta of 0.64. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a twelve month low of $79.00 and a twelve month high of $116.47.

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

Arch Capital Group Announces Dividend

The firm also recently declared 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.