Avestar Capital LLC Takes $206,000 Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Avestar Capital LLC purchased a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 2,236 shares of the insurance provider’s stock, valued at approximately $206,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Quantbot Technologies LP purchased a new stake in shares of Arch Capital Group during the 3rd quarter worth $25,000. Ashton Thomas Securities LLC acquired a new stake in shares of Arch Capital Group in the third quarter valued at about $50,000. Golden State Wealth Management LLC purchased a new stake in Arch Capital Group during the fourth quarter worth about $42,000. Y.D. More Investments Ltd grew its position in Arch Capital Group by 125.6% during the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock worth $43,000 after buying an additional 260 shares during the period. Finally, UMB Bank n.a. grew its position in Arch Capital Group by 97.0% during the fourth quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock worth $78,000 after buying an additional 414 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

Shares of ACGL opened at $88.20 on Friday. The company has a market capitalization of $33.18 billion, a price-to-earnings ratio of 5.92, a PEG ratio of 1.53 and a beta of 0.64. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58. Arch Capital Group Ltd. has a 1 year low of $83.97 and a 1 year high of $116.47. The company’s 50 day simple moving average is $92.53 and its 200 day simple moving average is $100.95.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.36. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same quarter in the previous year, the business earned $2.45 EPS. On average, sell-side analysts predict that Arch Capital Group Ltd. will post 8.86 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ACGL shares. Royal Bank of Canada decreased their price target on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a research note on Wednesday. JMP Securities reiterated a “market outperform” rating and set a $125.00 target price on shares of Arch Capital Group in a research report on Tuesday, February 11th. Wells Fargo & Company lowered their target price on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a report on Wednesday. Keefe, Bruyette & Woods cut their price target on Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, BMO Capital Markets increased their price objective on shares of Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a research note on Wednesday, November 6th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Arch Capital Group currently has an average rating of “Moderate Buy” and an average target price of $116.53.

Arch Capital Group 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.