Harbor Investment Advisory LLC Invests $86,000 in Arch Capital Group Ltd. (NASDAQ:ACGL)

Harbor Investment Advisory LLC acquired a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the 4th quarter, Holdings Channel reports. The fund acquired 934 shares of the insurance provider’s stock, valued at approximately $86,000.

Several other large investors have also made changes to their positions in ACGL. Quantbot Technologies LP acquired a new position in shares of Arch Capital Group during the 3rd quarter worth about $25,000. Compagnie Lombard Odier SCmA acquired a new position in shares of Arch Capital Group during the 3rd quarter worth about $46,000. UMB Bank n.a. lifted its position in shares of Arch Capital Group by 41.9% during the 3rd quarter. UMB Bank n.a. now owns 427 shares of the insurance provider’s stock worth $48,000 after purchasing an additional 126 shares during the last quarter. Asset Dedication LLC lifted its position in shares of 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 purchasing an additional 284 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Arch Capital Group during the 3rd quarter worth about $50,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analysts Set New Price Targets

ACGL has been the subject of several research analyst reports. JMP Securities boosted their price objective on Arch Capital Group from $115.00 to $125.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 15th. Wells Fargo & Company cut their price target on Arch Capital Group from $109.00 to $107.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. BMO Capital Markets upped their price target on Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. cut their price target on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Finally, StockNews.com cut Arch Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $118.00.

Arch Capital Group Trading Down 1.8 %

ACGL stock opened at $93.21 on Thursday. The firm has a market cap of $35.07 billion, a P/E ratio of 6.26, a P/E/G ratio of 1.55 and a beta of 0.64. Arch Capital Group Ltd. has a 1-year low of $78.67 and a 1-year high of $116.47. The business’s 50 day moving average is $94.77 and its 200-day moving average is $101.48. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results 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 for the quarter, compared to analyst estimates 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 company earned $2.31 EPS. Equities analysts anticipate that Arch Capital Group Ltd. will post 8.86 earnings per share for the current fiscal year.

Arch Capital Group Announces Dividend

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

Arch Capital Group Company 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.