Chemistry Wealth Management LLC Acquires 1,450 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Chemistry Wealth Management LLC lifted its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 24.3% during the fourth quarter, HoldingsChannel reports. The firm owned 7,423 shares of the insurance provider’s stock after purchasing an additional 1,450 shares during the quarter. Chemistry Wealth Management LLC’s holdings in Arch Capital Group were worth $686,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Procyon Advisors LLC raised its stake in shares of Arch Capital Group by 15.1% during the 4th quarter. Procyon Advisors LLC now owns 10,667 shares of the insurance provider’s stock worth $985,000 after purchasing an additional 1,403 shares during the period. Contravisory Investment Management Inc. raised its stake in shares of Arch Capital Group by 12.0% during the 4th quarter. Contravisory Investment Management Inc. now owns 7,282 shares of the insurance provider’s stock worth $672,000 after purchasing an additional 778 shares during the period. USA Financial Formulas bought a new stake in shares of Arch Capital Group during the 4th quarter worth $121,000. Park Avenue Securities LLC raised its stake in shares of Arch Capital Group by 5.7% during the 4th quarter. Park Avenue Securities LLC now owns 25,990 shares of the insurance provider’s stock worth $2,400,000 after purchasing an additional 1,408 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in shares of Arch Capital Group by 11.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 34,504 shares of the insurance provider’s stock worth $3,186,000 after purchasing an additional 3,410 shares during the period. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Stock Down 0.6 %

ACGL stock opened at $95.51 on Friday. Arch Capital Group Ltd. has a twelve month low of $77.53 and a twelve month high of $116.47. 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 firm has a market capitalization of $35.93 billion, a PE ratio of 6.41, a PEG ratio of 1.41 and a beta of 0.64. The stock has a 50-day simple moving average of $95.15 and a two-hundred day simple moving average of $101.54.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, topping the consensus estimate of $1.94 by $0.05. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. The company had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the firm earned $2.31 earnings per share. On average, equities analysts predict that Arch Capital Group Ltd. will post 8.85 EPS for the current fiscal year.

Arch Capital Group Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were issued a dividend of $5.00 per share. The ex-dividend date was Monday, November 18th.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ACGL shares. Jefferies Financial Group lifted their target price on Arch Capital Group from $114.00 to $134.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. StockNews.com lowered Arch Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. decreased their price objective on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Royal Bank of Canada decreased their price objective on Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, JMP Securities lifted their price objective on Arch Capital Group from $115.00 to $125.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 15th. 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 data from MarketBeat, Arch Capital Group has an average 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.