Insight Wealth Strategies LLC Grows Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Insight Wealth Strategies LLC boosted its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 68.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,965 shares of the insurance provider’s stock after acquiring an additional 17,427 shares during the quarter. Insight Wealth Strategies LLC’s holdings in Arch Capital Group were worth $3,968,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new position in shares of Arch Capital Group in the 3rd quarter valued at about $25,000. Compagnie Lombard Odier SCmA purchased a new position in Arch Capital Group in the third quarter valued at approximately $46,000. UMB Bank n.a. raised its holdings in Arch Capital Group by 41.9% during the third quarter. UMB Bank n.a. now owns 427 shares of the insurance provider’s stock worth $48,000 after purchasing an additional 126 shares in 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 buying an additional 284 shares during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Arch Capital Group during the 3rd quarter worth approximately $50,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. TD Cowen lifted their price target on shares of Arch Capital Group from $116.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Evercore ISI upped their target price on Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a research report on Wednesday, October 9th. Barclays cut their price target 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. Citigroup increased their price objective on Arch Capital Group from $105.00 to $114.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Finally, StockNews.com cut shares of Arch Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Arch Capital Group has an average rating of “Moderate Buy” and an average price target of $116.88.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL traded down $0.55 during trading on Monday, hitting $90.85. 1,060,846 shares of the company were exchanged, compared to its average volume of 1,225,569. The firm’s fifty day moving average price is $96.72 and its 200 day moving average price is $102.16. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market cap of $34.18 billion, a price-to-earnings ratio of 6.10, a PEG ratio of 1.49 and a beta of 0.64. Arch Capital Group Ltd. has a 1 year low of $74.85 and a 1 year high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.05. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. The company had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the business posted $2.31 earnings per share. On average, sell-side analysts expect that Arch Capital Group Ltd. will post 8.99 earnings per share for the current fiscal year.

Arch Capital Group Announces Dividend

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