Dynasty Wealth Management LLC Raises Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Dynasty Wealth Management LLC raised its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,106 shares of the insurance provider’s stock after buying an additional 140 shares during the period. Dynasty Wealth Management LLC’s holdings in Arch Capital Group were worth $656,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in ACGL. Quantbot Technologies LP purchased a new position in Arch Capital Group during the third quarter worth $25,000. Golden State Wealth Management LLC purchased a new stake in Arch Capital Group during the 4th quarter worth about $42,000. Y.D. More Investments Ltd increased its position in Arch Capital Group by 125.6% during the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 260 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in Arch Capital Group during the 3rd quarter worth about $50,000. Finally, UMB Bank n.a. increased its position in Arch Capital Group by 97.0% during the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock worth $78,000 after purchasing an additional 414 shares in the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Price Performance

Shares of NASDAQ:ACGL opened at $92.93 on Friday. Arch Capital Group Ltd. has a 1-year low of $86.41 and a 1-year high of $116.47. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average is $92.04 and its 200-day moving average is $100.39. The firm has a market capitalization of $34.96 billion, a PE ratio of 8.30, a PEG ratio of 2.31 and a beta of 0.64.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. During the same quarter in the prior year, the company earned $2.45 EPS. Sell-side analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on ACGL. JMP Securities reaffirmed a “market outperform” rating and issued a $125.00 target price on shares of Arch Capital Group in a research note on Tuesday, February 11th. Bank of America lowered their price objective on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Royal Bank of Canada lowered their price objective on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Wells Fargo & Company lowered their price objective on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods lowered their price target on Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Arch Capital Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.19.

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.