Nisa Investment Advisors LLC Buys 9,962 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Nisa Investment Advisors LLC grew its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 11.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,582 shares of the insurance provider’s stock after purchasing an additional 9,962 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Arch Capital Group were worth $9,289,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Crossmark Global Holdings Inc. lifted its stake in shares of Arch Capital Group by 28.2% in the 4th quarter. Crossmark Global Holdings Inc. now owns 30,177 shares of the insurance provider’s stock valued at $2,787,000 after purchasing an additional 6,643 shares during the period. Ballentine Partners LLC lifted its position in Arch Capital Group by 268.4% during the fourth quarter. Ballentine Partners LLC now owns 10,119 shares of the insurance provider’s stock valued at $934,000 after buying an additional 7,372 shares during the period. Harbor Investment Advisory LLC bought a new stake in shares of Arch Capital Group during the 4th quarter valued at $86,000. UMB Bank n.a. grew its position in shares of Arch Capital Group by 97.0% in the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock worth $78,000 after buying an additional 414 shares during the period. Finally, McElhenny Sheffield Capital Management LLC purchased a new position in Arch Capital Group during the 4th quarter valued at about $377,000. 89.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Bank of America cut their price objective on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Evercore ISI raised their price objective 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 dropped their target price on 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. Jefferies Financial Group raised their price target on Arch Capital Group from $114.00 to $134.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Wells Fargo & Company cut their price objective on shares of Arch Capital Group from $109.00 to $107.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Arch Capital Group has an average rating of “Moderate Buy” and an average price target of $118.00.

Arch Capital Group Price Performance

NASDAQ ACGL opened at $93.02 on Friday. The stock has a market capitalization of $35.00 billion, a price-to-earnings ratio of 6.24, a PEG ratio of 1.54 and a beta of 0.64. Arch Capital Group Ltd. has a 1-year low of $78.67 and a 1-year high of $116.47. 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 business’s fifty day moving average price is $94.63 and its 200-day moving average price is $101.42.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $4.05 billion. During the same period last year, the firm posted $2.31 earnings per share. On average, equities analysts predict that Arch Capital Group Ltd. will post 8.86 earnings per share for the current year.

Arch Capital Group Dividend Announcement

The firm also recently announced 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 of this dividend 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.