TCW Group Inc. Acquires 459 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

TCW Group Inc. raised its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,349 shares of the insurance provider’s stock after acquiring an additional 459 shares during the quarter. TCW Group Inc.’s holdings in Arch Capital Group were worth $7,236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp lifted its holdings in shares of Arch Capital Group by 1.1% in the third quarter. State Street Corp now owns 16,587,446 shares of the insurance provider’s stock worth $1,855,803,000 after buying an additional 172,628 shares in the last quarter. Geode Capital Management LLC increased its holdings in Arch Capital Group by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 10,830,263 shares of the insurance provider’s stock worth $1,208,307,000 after acquiring an additional 253,648 shares during the period. Principal Financial Group Inc. lifted its stake in Arch Capital Group by 10.5% in the 4th quarter. Principal Financial Group Inc. now owns 8,222,244 shares of the insurance provider’s stock worth $759,324,000 after purchasing an additional 783,506 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Arch Capital Group by 4.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,350,868 shares of the insurance provider’s stock valued at $488,992,000 after purchasing an additional 226,617 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Arch Capital Group by 245.1% in the 3rd 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 valued at $341,652,000 after purchasing an additional 2,168,897 shares during the period. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

NASDAQ ACGL opened at $88.13 on Monday. The firm has a market cap of $33.16 billion, a price-to-earnings ratio of 7.87, a PEG ratio of 2.34 and a beta of 0.64. The company has a 50-day simple moving average of $91.96 and a two-hundred day simple moving average of $100.68. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. Arch Capital Group Ltd. has a 12-month low of $84.00 and a 12-month high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.36. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. During the same quarter in the previous year, the firm posted $2.45 earnings per share. On average, equities analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ACGL shares. Bank of America lowered their price objective on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Wells Fargo & Company lowered their price target on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. JPMorgan Chase & Co. dropped their price target 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. UBS Group decreased their price objective on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. 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 research report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $117.19.

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.