Summit Trail Advisors LLC Buys 9,723 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Summit Trail Advisors LLC boosted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 76.2% during the 4th quarter, according to its most recent disclosure 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 quarter. Summit Trail Advisors LLC’s holdings in Arch Capital Group were worth $2,077,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ACGL. Quantbot Technologies LP bought a new stake in Arch Capital Group during the third quarter worth approximately $25,000. Golden State Wealth Management LLC bought a new position in shares of Arch Capital Group during the fourth quarter valued at approximately $42,000. Y.D. More Investments Ltd grew its stake in shares of Arch Capital Group by 125.6% during the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock valued at $43,000 after buying an additional 260 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new position in shares of Arch Capital Group during the third quarter valued at approximately $46,000. Finally, UMB Bank n.a. grew its stake in shares of Arch Capital Group by 41.9% during the third 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 during the last quarter. 89.07% of the stock is owned by institutional investors.

Arch Capital Group Stock Performance

Shares of ACGL opened at $91.46 on Tuesday. Arch Capital Group Ltd. has a 12 month low of $82.75 and a 12 month high of $116.47. The stock has a fifty day moving average price of $93.29 and a 200-day moving average price of $101.21. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17. The firm has a market cap of $34.41 billion, a PE ratio of 6.14, a P/E/G ratio of 1.53 and a beta of 0.64.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, beating the consensus estimate 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 quarter last year, the firm posted $2.45 earnings per share. Equities research analysts predict that Arch Capital Group Ltd. will post 8.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on ACGL. Barclays cut 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 note on Monday, January 6th. JPMorgan Chase & Co. cut their target price on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. StockNews.com cut Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Bank of America dropped their price objective 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. Finally, BMO Capital Markets increased their price objective on Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 6th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.