Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Purchased by Gilbert & Cook Inc.

Gilbert & Cook Inc. grew its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 10.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,830 shares of the insurance provider’s stock after purchasing an additional 545 shares during the quarter. Gilbert & Cook Inc.’s holdings in Arch Capital Group were worth $538,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ACGL. Farther Finance Advisors LLC grew its position in Arch Capital Group by 12.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider’s stock worth $100,000 after purchasing an additional 101 shares during the last quarter. Fiduciary Financial Group LLC grew its stake in Arch Capital Group by 2.8% in the 3rd quarter. Fiduciary Financial Group LLC now owns 3,779 shares of the insurance provider’s stock valued at $415,000 after acquiring an additional 103 shares during the last quarter. KG&L Capital Management LLC increased its stake in shares of Arch Capital Group by 1.1% during the 3rd quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider’s stock worth $1,214,000 after purchasing an additional 115 shares in the last quarter. Marks Group Wealth Management Inc boosted its stake in shares of Arch Capital Group by 4.2% during the third quarter. Marks Group Wealth Management Inc now owns 2,884 shares of the insurance provider’s stock valued at $323,000 after acquiring an additional 115 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in Arch Capital Group by 1.3% in 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 last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Bank of America cut their price objective on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a report on Friday, November 15th. JMP Securities boosted their price objective on shares of Arch Capital Group from $115.00 to $125.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 15th. Jefferies Financial Group raised their target price on shares of Arch Capital Group from $114.00 to $134.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. BMO Capital Markets upped their price target on shares of Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company cut their price objective on Arch Capital Group from $109.00 to $107.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

Arch Capital Group Trading Down 0.7 %

NASDAQ ACGL traded down $0.66 during trading on Thursday, reaching $93.16. 29,830 shares of the stock traded hands, compared to its average volume of 1,868,753. Arch Capital Group Ltd. has a fifty-two week low of $80.97 and a fifty-two week high of $116.47. The firm has a market cap of $35.05 billion, a price-to-earnings ratio of 6.25, a price-to-earnings-growth ratio of 1.52 and a beta of 0.64. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. The stock’s 50-day moving average price is $94.39 and its 200 day moving average price is $101.37.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, beating the consensus estimate of $1.94 by $0.05. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. The business had revenue of $4.72 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the previous year, the firm posted $2.31 EPS. Analysts predict that Arch Capital Group Ltd. will post 8.86 EPS for the current year.

Arch Capital Group Dividend Announcement

The firm also recently declared a special dividend, which was paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th were paid a $5.00 dividend. The ex-dividend date of this dividend was Monday, November 18th.

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.