Summit Trail Advisors LLC Raises Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Summit Trail Advisors LLC increased its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 76.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,486 shares of the insurance provider’s stock after acquiring an additional 9,723 shares during the period. Summit Trail Advisors LLC’s holdings in Arch Capital Group were worth $2,077,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position 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 period. Swedbank AB grew its position 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 period. Erste Asset Management GmbH acquired a new stake in Arch Capital Group during the 3rd quarter worth about $82,748,000. National Pension Service acquired a new stake in Arch Capital Group during the 3rd quarter worth about $64,271,000. Finally, International Assets Investment Management LLC grew its position in Arch Capital Group by 18,634.1% during the 3rd quarter. International Assets Investment Management LLC now owns 551,345 shares of the insurance provider’s stock worth $616,840,000 after purchasing an additional 548,402 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Trading Down 2.2 %

ACGL opened at $91.46 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58. The company’s 50 day simple moving average is $93.29 and its two-hundred day simple moving average is $101.21. Arch Capital Group Ltd. has a 1-year low of $82.75 and a 1-year high of $116.47. The firm has a market capitalization of $34.41 billion, a price-to-earnings ratio of 6.14, a price-to-earnings-growth ratio of 1.53 and a beta of 0.64.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. During the same period last year, the business posted $2.45 EPS. Analysts expect that Arch Capital Group Ltd. will post 8.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ACGL has been the topic of several analyst reports. JMP Securities increased their price target on Arch Capital Group from $115.00 to $125.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 15th. Wells Fargo & Company cut their price target 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. JPMorgan Chase & Co. dropped their target price on 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. Keefe, Bruyette & Woods dropped their target price on Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Finally, Barclays dropped their target price on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $118.00.

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.