Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Acquired by Contravisory Investment Management Inc.

Contravisory Investment Management Inc. lifted its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 12.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,282 shares of the insurance provider’s stock after acquiring an additional 778 shares during the period. Contravisory Investment Management Inc.’s holdings in Arch Capital Group were worth $672,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in ACGL. Quantbot Technologies LP purchased a new position in shares of Arch Capital Group in the third quarter worth about $25,000. Compagnie Lombard Odier SCmA acquired a new position in Arch Capital Group during the third quarter worth $46,000. UMB Bank n.a. grew its holdings in Arch Capital Group by 41.9% in the 3rd quarter. UMB Bank n.a. now owns 427 shares of the insurance provider’s stock valued at $48,000 after buying an additional 126 shares in the last quarter. Asset Dedication LLC increased its stake in shares of Arch Capital Group by 188.1% in the 3rd quarter. Asset Dedication LLC now owns 435 shares of the insurance provider’s stock worth $49,000 after acquiring an additional 284 shares during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Arch Capital Group during the 3rd quarter worth $50,000. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Stock Performance

NASDAQ ACGL opened at $93.62 on Thursday. The company has a fifty day moving average of $95.51 and a two-hundred day moving average of $101.67. The company has a market capitalization of $35.22 billion, a PE ratio of 6.28, a P/E/G ratio of 1.41 and a beta of 0.64. Arch Capital Group Ltd. has a 1 year low of $77.53 and a 1 year high of $116.47. 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 (NASDAQ:ACGL) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.05. The company 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 period in the previous year, the business posted $2.31 earnings per share. As a group, 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 announced a special dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were issued a $5.00 dividend. The ex-dividend date of this dividend was Monday, November 18th.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ACGL shares. Barclays reduced their target price on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. TD Cowen lifted their price target on shares of Arch Capital Group from $116.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Bank of America lowered their price objective on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Keefe, Bruyette & Woods reduced 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, BMO Capital Markets upped their price target 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. Six 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 currently has a consensus rating of “Moderate Buy” and a consensus 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.