Axecap Investments LLC Increases Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Axecap Investments LLC raised its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 24.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 35,746 shares of the insurance provider’s stock after purchasing an additional 7,005 shares during the quarter. Arch Capital Group accounts for approximately 2.5% of Axecap Investments LLC’s investment portfolio, making the stock its 16th biggest holding. Axecap Investments LLC’s holdings in Arch Capital Group were worth $3,301,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in Arch Capital Group in the third quarter valued at $25,000. Golden State Wealth Management LLC purchased a new stake in shares of Arch Capital Group during the 4th quarter worth about $42,000. Y.D. More Investments Ltd boosted its stake in shares of Arch Capital Group by 125.6% during the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 260 shares in the last quarter. Compagnie Lombard Odier SCmA purchased a new stake in shares of Arch Capital Group during the 3rd quarter worth about $46,000. Finally, UMB Bank n.a. boosted its stake in shares of Arch Capital Group by 41.9% during the 3rd quarter. UMB Bank n.a. now owns 427 shares of the insurance provider’s stock worth $48,000 after acquiring an additional 126 shares in the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Barclays lowered 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 note on Monday, January 6th. Royal Bank of Canada lowered their target price on shares of Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Wells Fargo & Company lowered their target price on shares of Arch Capital Group from $109.00 to $107.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. StockNews.com lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, JMP Securities increased 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 note on Tuesday, October 15th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $118.00.

Arch Capital Group Stock Down 2.2 %

ACGL stock opened at $91.46 on Tuesday. The company has a market cap of $34.41 billion, a price-to-earnings ratio of 6.14, a PEG ratio of 1.53 and a beta of 0.64. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a 12 month low of $82.75 and a 12 month high of $116.47. The firm has a 50-day moving average of $93.29 and a two-hundred day moving average of $101.21.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. During the same period in the prior year, the business posted $2.45 earnings per share. As a group, analysts forecast that Arch Capital Group Ltd. will post 8.86 earnings per share for the current fiscal year.

Arch Capital Group Company Profile

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.