Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Purchased by New York Life Investment Management LLC

New York Life Investment Management LLC boosted its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 55,444 shares of the insurance provider’s stock after purchasing an additional 284 shares during the quarter. New York Life Investment Management LLC’s holdings in Arch Capital Group were worth $5,120,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Arch Capital Group by 245.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,739 shares of the insurance provider’s stock worth $341,652,000 after purchasing an additional 2,168,897 shares during the last quarter. Swedbank AB boosted its stake in Arch Capital Group by 268.8% during the 4th quarter. Swedbank AB now owns 1,261,957 shares of the insurance provider’s stock worth $116,542,000 after purchasing an additional 919,793 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Arch Capital Group by 10.5% during the 4th quarter. Principal Financial Group Inc. now owns 8,222,244 shares of the insurance provider’s stock worth $759,324,000 after purchasing an additional 783,506 shares during the last quarter. Erste Asset Management GmbH acquired a new stake in Arch Capital Group during the 3rd quarter worth $82,748,000. Finally, AustralianSuper Pty Ltd boosted its stake in Arch Capital Group by 736.4% during the 4th quarter. AustralianSuper Pty Ltd now owns 766,365 shares of the insurance provider’s stock worth $70,774,000 after purchasing an additional 674,739 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Up 0.9 %

Shares of ACGL opened at $92.93 on Friday. The firm has a market cap of $34.96 billion, a P/E ratio of 8.30, a price-to-earnings-growth ratio of 2.31 and a beta of 0.64. Arch Capital Group Ltd. has a 12-month low of $86.41 and a 12-month high of $116.47. The company’s 50-day moving average price is $92.04 and its 200 day moving average price is $100.39. 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 issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company posted $2.45 EPS. On average, sell-side analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Morgan Stanley lowered 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 research note on Friday, February 14th. UBS Group lowered their target price on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Bank of America lowered their target price on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Wells Fargo & Company reduced their price target on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Finally, Royal Bank of Canada reduced their price target on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Six research 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 currently has an average rating of “Moderate Buy” and an average target price of $117.19.

About Arch Capital Group

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.