Arcus Capital Partners LLC Takes Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Arcus Capital Partners LLC purchased a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,296 shares of the insurance provider’s stock, valued at approximately $305,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Exchange Traded Concepts LLC purchased a new position in Arch Capital Group during the 3rd quarter valued at about $912,000. Creative Planning grew its position in Arch Capital Group by 4.7% during the third quarter. Creative Planning now owns 37,950 shares of the insurance provider’s stock valued at $4,246,000 after purchasing an additional 1,720 shares in the last quarter. Asset Dedication LLC grew its position in Arch Capital Group by 188.1% during the third quarter. Asset Dedication LLC now owns 435 shares of the insurance provider’s stock valued at $49,000 after purchasing an additional 284 shares in the last quarter. Vontobel Holding Ltd. grew its position in Arch Capital Group by 61.6% during the third quarter. Vontobel Holding Ltd. now owns 6,976 shares of the insurance provider’s stock valued at $780,000 after purchasing an additional 2,660 shares in the last quarter. Finally, Carderock Capital Management Inc. grew its holdings in shares of Arch Capital Group by 1.1% during the 3rd quarter. Carderock Capital Management Inc. now owns 97,339 shares of the insurance provider’s stock valued at $10,890,000 after acquiring an additional 1,087 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ACGL shares. Barclays lowered their price target on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Bank of America lowered their target price on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Keefe, Bruyette & Woods lowered their price target on Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a research note on Thursday. BMO Capital Markets boosted their price target on Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada lowered their price target on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a research note on Wednesday. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $116.47.

Arch Capital Group Stock Performance

Shares of ACGL opened at $90.16 on Friday. 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 Ltd. has a one year low of $83.91 and a one year high of $116.47. The company’s fifty day moving average price is $92.72 and its 200 day moving average price is $100.99. The company has a market capitalization of $33.92 billion, a PE ratio of 6.05, a price-to-earnings-growth ratio of 1.53 and a beta of 0.64.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. During the same quarter in the previous year, the business earned $2.45 earnings per share. As a group, analysts expect that Arch Capital Group Ltd. will post 8.86 earnings per share for the current year.

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.