Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Bought by Lifestyle Asset Management Inc.

Lifestyle Asset Management Inc. boosted its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,958 shares of the insurance provider’s stock after buying an additional 487 shares during the quarter. Lifestyle Asset Management Inc.’s holdings in Arch Capital Group were worth $1,104,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC increased its position in Arch Capital Group by 11.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 100,582 shares of the insurance provider’s stock valued at $9,289,000 after buying an additional 9,962 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in Arch Capital Group by 28.2% during the 4th quarter. Crossmark Global Holdings Inc. now owns 30,177 shares of the insurance provider’s stock valued at $2,787,000 after buying an additional 6,643 shares in the last quarter. Ballentine Partners LLC increased its position in Arch Capital Group by 268.4% during the 4th quarter. Ballentine Partners LLC now owns 10,119 shares of the insurance provider’s stock valued at $934,000 after buying an additional 7,372 shares in the last quarter. Harbor Investment Advisory LLC acquired a new position in Arch Capital Group during the 4th quarter valued at about $86,000. Finally, UMB Bank n.a. grew its stake in Arch Capital Group by 97.0% during the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock valued at $78,000 after purchasing an additional 414 shares during the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on ACGL shares. Royal Bank of Canada dropped their price target on Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. JMP Securities boosted their price target on Arch Capital Group from $115.00 to $125.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 15th. Bank of America dropped their price target on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. StockNews.com downgraded Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, BMO Capital Markets boosted 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 research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $118.00.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $93.02 on Friday. The company has a market capitalization of $35.00 billion, a P/E ratio of 6.24, a P/E/G ratio of 1.52 and a beta of 0.64. Arch Capital Group Ltd. has a 12-month low of $78.67 and a 12-month high of $116.47. The business’s 50 day moving average is $94.63 and its two-hundred day moving average is $101.42. 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 released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.05. The firm had revenue of $4.72 billion for the quarter, compared to analysts’ expectations 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 quarter last year, the company earned $2.31 EPS. Analysts expect that Arch Capital Group Ltd. will post 8.86 EPS for the current fiscal year.

Arch Capital Group Announces Dividend

The business also recently declared a special dividend, which was paid on Wednesday, December 4th. Investors 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.