Empowered Funds LLC Grows Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Empowered Funds LLC grew its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 124.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 28,756 shares of the insurance provider’s stock after acquiring an additional 15,917 shares during the period. Empowered Funds LLC’s holdings in Arch Capital Group were worth $2,656,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ACGL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Arch Capital Group by 245.1% in 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 buying an additional 2,168,897 shares during the period. Swedbank AB lifted its holdings in Arch Capital Group by 268.8% in the 4th quarter. Swedbank AB now owns 1,261,957 shares of the insurance provider’s stock worth $116,542,000 after buying an additional 919,793 shares during the period. Erste Asset Management GmbH purchased a new stake in Arch Capital Group in the 3rd quarter worth approximately $82,748,000. National Pension Service purchased a new position in shares of Arch Capital Group in the 3rd quarter valued at approximately $64,271,000. Finally, International Assets Investment Management LLC lifted its stake in shares of Arch Capital Group by 18,634.1% in the 3rd quarter. International Assets Investment Management LLC now owns 551,345 shares of the insurance provider’s stock valued at $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.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Wells Fargo & Company lowered their target price on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a research note on Wednesday. Barclays lowered their target price 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. BMO Capital Markets raised their target price on Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a research note on Wednesday, November 6th. JMP Securities restated a “market outperform” rating and issued a $125.00 target price on shares of Arch Capital Group in a research note on Tuesday. Finally, Bank of America lowered their target price on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $116.47.

Arch Capital Group Stock Up 2.2 %

Arch Capital Group stock opened at $90.16 on Friday. The firm has a market cap of $33.92 billion, a price-to-earnings ratio of 6.05, a PEG ratio of 1.53 and a beta of 0.64. The stock has a fifty day simple moving average of $92.72 and a two-hundred day simple moving average of $100.99. Arch Capital Group Ltd. has a 12 month low of $83.91 and a 12 month 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 posted its earnings results on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same period last year, the business posted $2.45 earnings per share. Equities analysts predict that Arch Capital Group Ltd. will post 8.86 EPS for the current fiscal year.

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.