Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Acquired by Insight Wealth Strategies LLC

Insight Wealth Strategies LLC increased its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 68.2% in the 4th quarter, HoldingsChannel reports. The firm owned 42,965 shares of the insurance provider’s stock after buying an additional 17,427 shares during the quarter. Insight Wealth Strategies LLC’s holdings in Arch Capital Group were worth $3,968,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Farther Finance Advisors LLC raised its holdings in shares of Arch Capital Group by 12.8% in the third quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider’s stock worth $100,000 after acquiring an additional 101 shares during the last quarter. Fiduciary Financial Group LLC lifted its holdings in Arch Capital Group by 2.8% in the 3rd quarter. Fiduciary Financial Group LLC now owns 3,779 shares of the insurance provider’s stock valued at $415,000 after purchasing an additional 103 shares in the last quarter. Fidelis Capital Partners LLC lifted its holdings in Arch Capital Group by 3.1% in the 2nd quarter. Fidelis Capital Partners LLC now owns 3,553 shares of the insurance provider’s stock valued at $344,000 after purchasing an additional 106 shares in the last quarter. KG&L Capital Management LLC boosted its stake in shares of Arch Capital Group by 1.1% during the 3rd quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider’s stock worth $1,214,000 after purchasing an additional 115 shares during the last quarter. Finally, Marks Group Wealth Management Inc grew its holdings in shares of Arch Capital Group by 4.2% during the third quarter. Marks Group Wealth Management Inc now owns 2,884 shares of the insurance provider’s stock worth $323,000 after buying an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Down 0.6 %

Shares of NASDAQ ACGL traded down $0.55 during trading on Monday, reaching $90.85. 1,060,846 shares of the stock were exchanged, compared to its average volume of 1,225,569. The business’s 50-day moving average price is $96.72 and its 200 day moving average price is $102.16. The company has a market capitalization of $34.18 billion, a price-to-earnings ratio of 6.10, a price-to-earnings-growth ratio of 1.49 and a beta of 0.64. Arch Capital Group Ltd. has a twelve month low of $74.85 and a twelve month high of $116.47. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17.

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

Arch Capital Group Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th were issued a dividend of $5.00 per share. The ex-dividend date was Monday, November 18th.

Analyst Ratings Changes

Several equities analysts recently issued reports on ACGL shares. JPMorgan Chase & Co. reduced their price objective on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research note on Friday. Jefferies Financial Group raised their price target on Arch Capital Group from $114.00 to $134.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. StockNews.com downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Barclays lowered 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. Finally, Citigroup increased their price target on shares of Arch Capital Group from $105.00 to $114.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Arch Capital Group has an average rating of “Moderate Buy” and an average price target of $116.88.

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.