Marks Group Wealth Management Inc Purchases 471 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Marks Group Wealth Management Inc raised its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 16.3% in the fourth quarter, Holdings Channel reports. The fund owned 3,355 shares of the insurance provider’s stock after buying an additional 471 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Arch Capital Group were worth $310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in ACGL. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in Arch Capital Group by 3.5% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 197,111 shares of the insurance provider’s stock valued at $18,203,000 after purchasing an additional 6,663 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Arch Capital Group by 5.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 111,229 shares of the insurance provider’s stock worth $12,444,000 after buying an additional 5,614 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Arch Capital Group by 10.0% in the third quarter. PNC Financial Services Group Inc. now owns 71,721 shares of the insurance provider’s stock valued at $8,024,000 after acquiring an additional 6,521 shares during the period. Metis Global Partners LLC boosted its position in shares of Arch Capital Group by 26.6% in the third quarter. Metis Global Partners LLC now owns 25,465 shares of the insurance provider’s stock valued at $2,849,000 after acquiring an additional 5,345 shares during the period. Finally, Banque Cantonale Vaudoise grew its stake in shares of Arch Capital Group by 172.2% in the third quarter. Banque Cantonale Vaudoise now owns 55,423 shares of the insurance provider’s stock worth $6,201,000 after acquiring an additional 35,060 shares during the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on ACGL. JPMorgan Chase & Co. cut their target price on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. Bank of America reduced their target price on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Wells Fargo & Company decreased their target price on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a research report on Wednesday. StockNews.com cut Arch Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, JMP Securities reissued a “market outperform” rating and set a $125.00 price objective on shares of Arch Capital Group in a report on Tuesday. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $116.93.

Arch Capital Group Stock Performance

NASDAQ:ACGL opened at $88.26 on Thursday. The stock has a market capitalization of $33.21 billion, a P/E ratio of 5.92, a price-to-earnings-growth ratio of 1.53 and a beta of 0.64. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a 1 year low of $83.12 and a 1 year high of $116.47. The firm has a 50 day moving average of $92.89 and a 200-day moving average of $101.06.

Arch Capital Group (NASDAQ:ACGL) last announced 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 period last year, the firm earned $2.45 earnings per share. As a group, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.86 EPS for the current fiscal 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.