Arch Capital Group Ltd. (NASDAQ:ACGL) Stake Boosted by Northstar Group Inc.

Northstar Group Inc. boosted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,197 shares of the insurance provider’s stock after purchasing an additional 5,947 shares during the quarter. Arch Capital Group makes up about 1.9% of Northstar Group Inc.’s investment portfolio, making the stock its 11th largest holding. Northstar Group Inc.’s holdings in Arch Capital Group were worth $11,285,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its position in Arch Capital Group by 12.8% in the third quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider’s stock worth $100,000 after buying an additional 101 shares during the period. Fiduciary Financial Group LLC grew its position in shares of Arch Capital Group by 2.8% during the third quarter. Fiduciary Financial Group LLC now owns 3,779 shares of the insurance provider’s stock worth $415,000 after acquiring an additional 103 shares during the last quarter. KG&L Capital Management LLC increased its holdings in shares of Arch Capital Group by 1.1% in the 3rd quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider’s stock worth $1,214,000 after acquiring an additional 115 shares during the period. Marks Group Wealth Management Inc lifted its position in Arch Capital Group by 4.2% in the 3rd quarter. Marks Group Wealth Management Inc now owns 2,884 shares of the insurance provider’s stock valued at $323,000 after purchasing an additional 115 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in Arch Capital Group by 1.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,878 shares of the insurance provider’s stock valued at $993,000 after purchasing an additional 116 shares during the period. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

Shares of ACGL opened at $93.50 on Friday. The company has a 50-day moving average of $93.45 and a two-hundred day moving average of $101.16. The stock has a market cap of $35.18 billion, a price-to-earnings ratio of 6.28, a PEG ratio of 1.53 and a beta of 0.64. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58. Arch Capital Group Ltd. has a one year low of $80.97 and a one year high of $116.47.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada cut their price target on Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. JPMorgan Chase & Co. cut their target price on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Barclays decreased their price target on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. 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 note on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.