1,307 Shares in Arch Capital Group Ltd. (NASDAQ:ACGL) Purchased by USA Financial Formulas

USA Financial Formulas bought a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the fourth quarter, Holdings Channel reports. The fund bought 1,307 shares of the insurance provider’s stock, valued at approximately $121,000.

A number of other hedge funds have also recently modified their holdings of ACGL. Park Avenue Securities LLC boosted its stake in shares of Arch Capital Group by 5.7% during the 4th quarter. Park Avenue Securities LLC now owns 25,990 shares of the insurance provider’s stock worth $2,400,000 after acquiring an additional 1,408 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Arch Capital Group by 11.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 34,504 shares of the insurance provider’s stock valued at $3,186,000 after buying an additional 3,410 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in Arch Capital Group by 71.8% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 5,076 shares of the insurance provider’s stock valued at $469,000 after acquiring an additional 2,121 shares during the last quarter. Accurate Wealth Management LLC lifted its position in Arch Capital Group by 55.6% during the fourth quarter. Accurate Wealth Management LLC now owns 28,212 shares of the insurance provider’s stock worth $2,544,000 after buying an additional 10,082 shares in the last quarter. Finally, Sunflower Bank N.A. grew its holdings in shares of Arch Capital Group by 12.0% in the fourth quarter. Sunflower Bank N.A. now owns 2,745 shares of the insurance provider’s stock valued at $254,000 after purchasing an additional 295 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Price Performance

Shares of Arch Capital Group stock opened at $96.10 on Friday. The stock has a market capitalization of $36.16 billion, a price-to-earnings ratio of 6.45, a PEG ratio of 1.41 and a beta of 0.64. The firm has a fifty day simple moving average of $95.35 and a 200-day simple moving average of $101.61. Arch Capital Group Ltd. has a 1-year low of $77.53 and a 1-year high of $116.47. 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 (NASDAQ:ACGL) last announced its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.05. The firm had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.05 billion. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. During the same quarter in the previous year, the firm posted $2.31 EPS. On average, sell-side analysts expect that Arch Capital Group Ltd. will post 8.85 earnings per share for the current year.

Arch Capital Group Announces Dividend

The company also recently disclosed a special dividend, which was paid on Wednesday, December 4th. Investors 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.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ACGL. JPMorgan Chase & Co. decreased their target price on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Jefferies Financial Group raised their price target on Arch Capital Group from $114.00 to $134.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. TD Cowen raised their target price on Arch Capital Group from $116.00 to $138.00 and gave the company a “buy” rating in a report on Friday, September 20th. Wells Fargo & Company reduced their price objective on Arch Capital Group from $109.00 to $107.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, Evercore ISI lifted their price target on shares of Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 9th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $118.00.

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.