Leo Wealth LLC Increases Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Leo Wealth LLC raised its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 61.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,413 shares of the insurance provider’s stock after purchasing an additional 3,197 shares during the quarter. Leo Wealth LLC’s holdings in Arch Capital Group were worth $777,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Arch Capital Group by 245.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,739 shares of the insurance provider’s stock valued at $341,652,000 after purchasing an additional 2,168,897 shares during the period. Swedbank AB grew its stake in Arch Capital Group by 268.8% in the 4th quarter. Swedbank AB now owns 1,261,957 shares of the insurance provider’s stock valued at $116,542,000 after buying an additional 919,793 shares in the last quarter. Erste Asset Management GmbH bought a new stake in Arch Capital Group during the 3rd quarter valued at $82,748,000. National Pension Service purchased a new stake in shares of Arch Capital Group during the third quarter worth $64,271,000. Finally, International Assets Investment Management LLC boosted its holdings in shares of Arch Capital Group by 18,634.1% in the third quarter. International Assets Investment Management LLC now owns 551,345 shares of the insurance provider’s stock worth $616,840,000 after acquiring an additional 548,402 shares during the period. Institutional investors own 89.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Keefe, Bruyette & Woods decreased their price objective on Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. JMP Securities increased their price target on shares of Arch Capital Group from $115.00 to $125.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. cut their price objective on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Wells Fargo & Company decreased their target price on shares of Arch Capital Group from $109.00 to $107.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Finally, BMO Capital Markets raised their price target on shares of Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a report on Wednesday, November 6th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $118.00.

Arch Capital Group Trading Down 0.4 %

Shares of ACGL stock opened at $93.50 on Friday. The business has a 50-day moving average price of $93.45 and a two-hundred day moving average price of $101.16. Arch Capital Group Ltd. has a 12-month low of $80.97 and a 12-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. The firm has a market cap of $35.18 billion, a P/E ratio of 6.28, a price-to-earnings-growth ratio of 1.52 and a beta of 0.64.

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.