Avidian Wealth Enterprises LLC Increases Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Avidian Wealth Enterprises LLC increased its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,083 shares of the insurance provider’s stock after acquiring an additional 132 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Arch Capital Group were worth $285,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ACGL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Arch Capital Group by 245.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,739 shares of the insurance provider’s stock worth $341,652,000 after acquiring an additional 2,168,897 shares in the last quarter. Swedbank AB grew its position in Arch Capital Group by 268.8% in the fourth quarter. Swedbank AB now owns 1,261,957 shares of the insurance provider’s stock worth $116,542,000 after acquiring an additional 919,793 shares in the last quarter. Erste Asset Management GmbH purchased a new position in Arch Capital Group in the third quarter worth $82,748,000. National Pension Service purchased a new stake in Arch Capital Group during the third quarter valued at about $64,271,000. Finally, International Assets Investment Management LLC boosted its position in Arch Capital Group by 18,634.1% during the third quarter. International Assets Investment Management LLC now owns 551,345 shares of the insurance provider’s stock valued at $616,840,000 after buying an additional 548,402 shares during the period. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. StockNews.com lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. BMO Capital Markets upped their price target on shares of 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. JMP Securities restated a “market outperform” rating and set a $125.00 price target on shares of Arch Capital Group in a research report on Tuesday. JPMorgan Chase & Co. cut their price target on shares of 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, Barclays dropped their target price on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $116.47.

Arch Capital Group Price Performance

ACGL stock opened at $90.16 on Friday. Arch Capital Group Ltd. has a 1 year low of $83.91 and a 1 year high of $116.47. The company has a market cap of $33.92 billion, a P/E ratio of 6.05, a PEG ratio of 1.53 and a beta of 0.64. The firm has a 50-day moving average of $92.72 and a 200 day moving average of $100.99. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, topping 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 company earned $2.45 earnings per share. On average, sell-side analysts forecast that Arch Capital Group Ltd. will post 8.86 EPS for the current year.

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.