Apexium Financial LP Buys 150 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Apexium Financial LP grew its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 77,203 shares of the insurance provider’s stock after buying an additional 150 shares during the quarter. Apexium Financial LP’s holdings in Arch Capital Group were worth $7,130,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in ACGL. Blue Trust Inc. lifted its position in Arch Capital Group by 74.6% in the 4th quarter. Blue Trust Inc. now owns 4,215 shares of the insurance provider’s stock worth $389,000 after buying an additional 1,801 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of Arch Capital Group by 3.5% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 197,111 shares of the insurance provider’s stock worth $18,203,000 after acquiring an additional 6,663 shares during the last quarter. Flagship Harbor Advisors LLC grew its holdings in shares of Arch Capital Group by 5.9% during the 4th quarter. Flagship Harbor Advisors LLC now owns 2,315 shares of the insurance provider’s stock valued at $214,000 after purchasing an additional 129 shares during the last quarter. Exchange Traded Concepts LLC raised its position in Arch Capital Group by 6.1% in the 4th quarter. Exchange Traded Concepts LLC now owns 8,649 shares of the insurance provider’s stock worth $799,000 after purchasing an additional 499 shares during the period. Finally, CX Institutional grew its stake in shares of Arch Capital Group by 26.3% during the fourth quarter. CX Institutional now owns 51,721 shares of the insurance provider’s stock valued at $4,776,000 after buying an additional 10,768 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Trading Down 0.3 %

NASDAQ:ACGL opened at $92.76 on Monday. Arch Capital Group Ltd. has a one year low of $78.67 and a one year high of $116.47. The business has a fifty day moving average price of $94.44 and a 200-day moving average price of $101.44. The firm has a market capitalization of $34.90 billion, a price-to-earnings ratio of 6.23, a price-to-earnings-growth ratio of 1.52 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.

Arch Capital Group (NASDAQ:ACGL) last issued 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. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. The business had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the prior year, the business posted $2.31 earnings per share. Sell-side analysts forecast that Arch Capital Group Ltd. will post 8.86 EPS for the current year.

Arch Capital Group Announces Dividend

The firm also recently declared 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 brokerages recently weighed in on ACGL. Royal Bank of Canada dropped their target price on Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Bank of America lowered their price target 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. Barclays cut their price objective on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. StockNews.com downgraded Arch Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Evercore ISI lifted their price target on shares of Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a report on Wednesday, October 9th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $118.00.

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.