Curio Wealth LLC Invests $201,000 in Arch Capital Group Ltd. (NASDAQ:ACGL)

Curio Wealth LLC bought a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,178 shares of the insurance provider’s stock, valued at approximately $201,000.

A number of other large investors have also modified their holdings of the business. Signaturefd LLC raised its stake in shares of Arch Capital Group by 4.9% during the 4th quarter. Signaturefd LLC now owns 3,096 shares of the insurance provider’s stock worth $286,000 after buying an additional 144 shares in the last quarter. Brandes Investment Partners LP raised its stake in shares of Arch Capital Group by 109.7% during the 4th quarter. Brandes Investment Partners LP now owns 1,083,395 shares of the insurance provider’s stock worth $100,052,000 after buying an additional 566,751 shares in the last quarter. Madison Investment Advisors LLC purchased a new position in shares of Arch Capital Group during the 4th quarter worth approximately $410,010,000. Impact Capital Partners LLC purchased a new position in shares of Arch Capital Group during the 4th quarter worth approximately $232,000. Finally, HBK Sorce Advisory LLC raised its stake in shares of Arch Capital Group by 5.7% during the 4th quarter. HBK Sorce Advisory LLC now owns 2,373 shares of the insurance provider’s stock worth $219,000 after buying an additional 127 shares in the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Louis T. Petrillo sold 11,600 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the completion of the sale, the insider now directly owns 140,023 shares of the company’s stock, valued at $12,742,093. The trade was a 7.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on ACGL. JPMorgan Chase & Co. dropped their target price on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. UBS Group dropped their target price on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. 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. Keefe, Bruyette & Woods dropped their target price on shares of Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Finally, Morgan Stanley dropped their target price on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.19.

Arch Capital Group Price Performance

Shares of NASDAQ:ACGL opened at $92.57 on Monday. The company has a market cap of $34.75 billion, a P/E ratio of 8.27, a P/E/G ratio of 2.31 and a beta of 0.62. 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 52 week low of $87.42 and a 52 week high of $116.47. The business has a fifty day simple moving average of $91.83 and a 200-day simple moving average of $99.35.

Arch Capital Group (NASDAQ:ACGL) last announced 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 return on equity of 17.96% and a net margin of 24.73%. During the same period in the prior year, the company earned $2.45 earnings per share. Equities research analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current 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.