Kolinsky Wealth Management LLC Acquires Shares of 2,019 Arch Capital Group Ltd. (NASDAQ:ACGL)

Kolinsky Wealth Management LLC acquired a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,019 shares of the insurance provider’s stock, valued at approximately $226,000.

A number of other institutional investors also recently added to or reduced their stakes in ACGL. B. Riley Wealth Advisors Inc. boosted its holdings in Arch Capital Group by 14.8% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 8,020 shares of the insurance provider’s stock valued at $741,000 after purchasing an additional 1,034 shares in the last quarter. LRI Investments LLC purchased a new stake in shares of Arch Capital Group during the 1st quarter worth approximately $38,000. Atria Investments Inc boosted its stake in shares of Arch Capital Group by 19.7% during the 1st quarter. Atria Investments Inc now owns 24,463 shares of the insurance provider’s stock worth $2,261,000 after acquiring an additional 4,018 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Arch Capital Group by 155.9% during the 1st quarter. Cetera Investment Advisers now owns 41,541 shares of the insurance provider’s stock worth $3,840,000 after acquiring an additional 25,306 shares in the last quarter. Finally, Cetera Advisors LLC boosted its stake in shares of Arch Capital Group by 70.9% during the 1st quarter. Cetera Advisors LLC now owns 13,700 shares of the insurance provider’s stock worth $1,266,000 after acquiring an additional 5,684 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Keefe, Bruyette & Woods boosted their price target on Arch Capital Group from $120.00 to $121.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price target on Arch Capital Group from $108.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Wells Fargo & Company decreased their price target on Arch Capital Group from $118.00 to $109.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 19th. Bank of America decreased their price target on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Finally, Royal Bank of Canada reduced their target price on 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. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $118.38.

Arch Capital Group Trading Down 0.0 %

Shares of ACGL opened at $100.72 on Friday. The stock has a fifty day moving average of $105.65 and a two-hundred day moving average of $103.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market capitalization of $37.89 billion, a PE ratio of 6.76, a price-to-earnings-growth ratio of 1.60 and a beta of 0.61. Arch Capital Group Ltd. has a fifty-two week low of $72.85 and a fifty-two week high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.05. The business had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.05 billion. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same period in the prior year, the firm posted $2.31 EPS. As a group, analysts forecast that Arch Capital Group Ltd. will post 8.99 EPS for the current year.

Arch Capital Group Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th will be issued a dividend of $5.00 per share. The ex-dividend date of this dividend is Monday, November 18th.

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.