Golden State Wealth Management LLC Purchases Shares of 458 Arch Capital Group Ltd. (NASDAQ:ACGL)

Golden State Wealth Management LLC purchased a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 458 shares of the insurance provider’s stock, valued at approximately $42,000.

Several other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its holdings in Arch Capital Group by 12.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider’s stock valued at $100,000 after buying an additional 101 shares in the last quarter. KG&L Capital Management LLC grew its holdings in 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 valued at $1,214,000 after buying an additional 115 shares in the last quarter. Marks Group Wealth Management Inc grew its holdings in Arch Capital Group by 4.2% during the 3rd quarter. Marks Group Wealth Management Inc now owns 2,884 shares of the insurance provider’s stock valued at $323,000 after buying an additional 115 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in Arch Capital Group by 1.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,878 shares of the insurance provider’s stock valued at $993,000 after buying an additional 116 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in Arch Capital Group by 41.9% during the 3rd quarter. UMB Bank n.a. now owns 427 shares of the insurance provider’s stock valued at $48,000 after buying an additional 126 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. 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. JMP Securities reiterated a “market outperform” rating and issued a $125.00 target price on shares of Arch Capital Group in a report on Tuesday. Bank of America dropped their target price on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a report on Friday, November 15th. Keefe, Bruyette & Woods dropped their target price on Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Finally, BMO Capital Markets lifted their target price on Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a report on Wednesday, November 6th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Arch Capital Group currently has an average rating of “Moderate Buy” and a consensus target price of $118.00.

Arch Capital Group Trading Down 2.0 %

Shares of NASDAQ ACGL opened at $89.60 on Wednesday. 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 business has a fifty day simple moving average of $93.09 and a two-hundred day simple moving average of $101.15. The firm has a market cap of $33.71 billion, a PE ratio of 6.01, a price-to-earnings-growth ratio of 1.53 and a beta of 0.64. Arch Capital Group Ltd. has a twelve month low of $82.75 and a twelve month high of $116.47.

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

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.