Forsta AP Fonden Grows Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Forsta AP Fonden raised its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 22.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 124,800 shares of the insurance provider’s stock after acquiring an additional 23,200 shares during the quarter. Forsta AP Fonden’s holdings in Arch Capital Group were worth $11,525,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in ACGL. Robeco Institutional Asset Management B.V. boosted its stake in shares of Arch Capital Group by 8.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,062,324 shares of the insurance provider’s stock worth $98,106,000 after acquiring an additional 81,757 shares in the last quarter. Bensler LLC boosted its position in Arch Capital Group by 8.8% during the fourth quarter. Bensler LLC now owns 20,589 shares of the insurance provider’s stock worth $1,901,000 after purchasing an additional 1,668 shares in the last quarter. Stonegate Investment Group LLC grew its holdings in Arch Capital Group by 20.1% in the fourth quarter. Stonegate Investment Group LLC now owns 2,447 shares of the insurance provider’s stock valued at $226,000 after purchasing an additional 410 shares during the last quarter. Nilsine Partners LLC increased its position in shares of Arch Capital Group by 6.5% in the fourth quarter. Nilsine Partners LLC now owns 26,874 shares of the insurance provider’s stock valued at $2,482,000 after buying an additional 1,642 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of Arch Capital Group by 33.7% during the 4th quarter. Pacer Advisors Inc. now owns 45,667 shares of the insurance provider’s stock worth $4,217,000 after buying an additional 11,501 shares during the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on ACGL shares. Royal Bank of Canada lowered their price target on shares of Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Wells Fargo & Company dropped their price target on Arch Capital Group from $109.00 to $107.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Barclays reduced their price objective on 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. JPMorgan Chase & Co. dropped their price objective 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. Finally, Bank of America reduced their target price 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. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Arch Capital Group currently has an average rating of “Moderate Buy” and a consensus price target of $118.00.

Arch Capital Group Stock Up 0.8 %

Shares of Arch Capital Group stock opened at $94.58 on Friday. The stock has a market capitalization of $35.58 billion, a price-to-earnings ratio of 6.35, a PEG ratio of 1.52 and a beta of 0.64. Arch Capital Group Ltd. has a twelve month low of $80.97 and a twelve month high of $116.47. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17. The business’s 50 day simple moving average is $94.31 and its 200-day simple moving average is $101.32.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.05. The company had revenue of $4.72 billion for the quarter, compared to analysts’ expectations of $4.05 billion. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same period last year, the business posted $2.31 earnings per share. Equities research analysts forecast that Arch Capital Group Ltd. will post 8.86 earnings per share for the current 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 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.