Massmutual Trust Co. FSB ADV Increases Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Massmutual Trust Co. FSB ADV raised its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 23.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 874 shares of the insurance provider’s stock after purchasing an additional 164 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Arch Capital Group were worth $88,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ACGL. Vanguard Group Inc. grew its stake in shares of Arch Capital Group by 0.3% in the first quarter. Vanguard Group Inc. now owns 40,858,890 shares of the insurance provider’s stock worth $3,776,996,000 after purchasing an additional 104,008 shares during the last quarter. Capital World Investors boosted its stake in shares of Arch Capital Group by 0.6% during the 4th quarter. Capital World Investors now owns 10,611,092 shares of the insurance provider’s stock valued at $788,086,000 after purchasing an additional 58,862 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Arch Capital Group by 11.4% during the first quarter. Principal Financial Group Inc. now owns 6,800,236 shares of the insurance provider’s stock valued at $628,614,000 after buying an additional 693,608 shares during the period. Davis Asset Management L.P. raised its stake in Arch Capital Group by 441.7% in the fourth quarter. Davis Asset Management L.P. now owns 6,500,000 shares of the insurance provider’s stock worth $482,755,000 after buying an additional 5,300,000 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Arch Capital Group by 1.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,907,122 shares of the insurance provider’s stock worth $546,054,000 after acquiring an additional 99,329 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on ACGL. JPMorgan Chase & Co. increased their price target on shares of Arch Capital Group from $106.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft raised their price objective on Arch Capital Group from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, July 1st. Bank of America dropped their target price on Arch Capital Group from $119.00 to $118.00 and set a “buy” rating on the stock in a report on Thursday, July 11th. Morgan Stanley raised their price target on Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Finally, Royal Bank of Canada lifted their target price on shares of Arch Capital Group from $108.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $104.53.

Arch Capital Group Stock Performance

Shares of ACGL traded up $0.58 on Tuesday, reaching $96.64. The company’s stock had a trading volume of 1,400,286 shares, compared to its average volume of 1,687,688. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.60 and a quick ratio of 0.59. The stock has a market capitalization of $36.29 billion, a P/E ratio of 7.70, a PEG ratio of 1.81 and a beta of 0.58. Arch Capital Group Ltd. has a 12-month low of $72.85 and a 12-month high of $103.79. The stock’s 50 day simple moving average is $98.98 and its two-hundred day simple moving average is $93.45.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.36. Arch Capital Group had a return on equity of 21.42% and a net margin of 35.19%. The business had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter in the prior year, the business posted $1.92 earnings per share. The business’s quarterly revenue was up 10.3% on a year-over-year basis. Research analysts forecast that Arch Capital Group Ltd. will post 8.75 earnings per share for the current fiscal year.

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.