FFT Wealth Management LLC Boosts Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

FFT Wealth Management LLC grew its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,237 shares of the insurance provider’s stock after buying an additional 3,203 shares during the period. Arch Capital Group accounts for approximately 0.5% of FFT Wealth Management LLC’s investment portfolio, making the stock its 28th largest position. FFT Wealth Management LLC’s holdings in Arch Capital Group were worth $6,025,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in ACGL. Private Advisor Group LLC grew its stake in shares of Arch Capital Group by 39.1% in the 3rd quarter. Private Advisor Group LLC now owns 11,368 shares of the insurance provider’s stock valued at $1,272,000 after buying an additional 3,195 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Arch Capital Group by 9.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 31,094 shares of the insurance provider’s stock worth $3,479,000 after purchasing an additional 2,741 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Arch Capital Group by 1.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,759 shares of the insurance provider’s stock worth $4,509,000 after purchasing an additional 393 shares during the period. Baker Tilly Wealth Management LLC boosted its position in shares of Arch Capital Group by 25.6% during the 3rd quarter. Baker Tilly Wealth Management LLC now owns 3,269 shares of the insurance provider’s stock worth $366,000 after purchasing an additional 666 shares during the period. Finally, Autumn Glory Partners LLC purchased a new position in shares of Arch Capital Group during the 3rd quarter worth approximately $410,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ACGL shares. JPMorgan Chase & Co. lowered their price objective on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Keefe, Bruyette & Woods lowered their price objective on shares of Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Wells Fargo & Company lowered their price objective on shares of Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. UBS Group lowered their price objective on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Finally, Morgan Stanley reduced their target price on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $117.19.

Arch Capital Group Price Performance

Shares of ACGL opened at $90.35 on Wednesday. Arch Capital Group Ltd. has a twelve month low of $86.16 and a twelve month high of $116.47. The firm’s fifty day simple moving average is $91.92 and its 200-day simple moving average is $100.56. The firm has a market capitalization of $33.99 billion, a price-to-earnings ratio of 8.07, a PEG ratio of 2.31 and a beta of 0.64. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data 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 net margin of 24.73% and a return on equity of 17.96%. During the same period last year, the business posted $2.45 EPS. Equities analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS 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.