Capital Advisors Inc. OK Grows Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Capital Advisors Inc. OK lifted its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 15.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,684 shares of the insurance provider’s stock after buying an additional 351 shares during the quarter. Capital Advisors Inc. OK’s holdings in Arch Capital Group were worth $248,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Exchange Traded Concepts LLC purchased a new stake in Arch Capital Group during the third quarter worth about $912,000. CX Institutional grew its holdings in shares of Arch Capital Group by 1,838.1% in the third quarter. CX Institutional now owns 40,953 shares of the insurance provider’s stock valued at $4,582,000 after purchasing an additional 38,840 shares in the last quarter. Creative Planning increased its stake in Arch Capital Group by 4.7% during the 3rd quarter. Creative Planning now owns 37,950 shares of the insurance provider’s stock worth $4,246,000 after buying an additional 1,720 shares during the period. Asset Dedication LLC lifted its holdings in Arch Capital Group by 188.1% during the 3rd quarter. Asset Dedication LLC now owns 435 shares of the insurance provider’s stock worth $49,000 after buying an additional 284 shares in the last quarter. Finally, Sumitomo Life Insurance Co. boosted its position in Arch Capital Group by 2.4% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 21,610 shares of the insurance provider’s stock valued at $2,418,000 after buying an additional 513 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Analysts Set New Price Targets

ACGL has been the topic of a number of recent research reports. JMP Securities reaffirmed a “market outperform” rating and set a $125.00 price objective on shares of Arch Capital Group in a research report on Tuesday. JPMorgan Chase & Co. cut their price target on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Keefe, Bruyette & Woods decreased their price objective on Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. BMO Capital Markets boosted their price objective on Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada reduced their target price on shares of Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a report on Wednesday. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $116.93.

Arch Capital Group Price Performance

Shares of NASDAQ:ACGL opened at $88.26 on Thursday. Arch Capital Group Ltd. has a 12 month low of $83.12 and a 12 month high of $116.47. The firm has a market capitalization of $33.21 billion, a P/E ratio of 5.92, a P/E/G ratio of 1.53 and a beta of 0.64. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58. The company’s fifty day moving average price is $92.89 and its 200 day moving average price is $101.06.

Arch Capital Group (NASDAQ:ACGL) last issued 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 last year, the business earned $2.45 EPS. As a group, sell-side analysts predict that Arch Capital Group Ltd. will post 8.86 earnings per share for the current fiscal 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.