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

Empowered Funds LLC increased its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 124.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 28,756 shares of the insurance provider’s stock after purchasing an additional 15,917 shares during the period. Empowered Funds LLC’s holdings in Arch Capital Group were worth $2,656,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ACGL. Quantbot Technologies LP purchased a new stake in shares of Arch Capital Group in the 3rd quarter valued at about $25,000. Asset Dedication LLC raised its holdings 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 valued at $49,000 after acquiring an additional 284 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Arch Capital Group in the 3rd quarter valued at about $50,000. Golden State Wealth Management LLC purchased a new stake in shares of Arch Capital Group in the 4th quarter valued at about $42,000. Finally, Y.D. More Investments Ltd raised its holdings in shares of Arch Capital Group by 125.6% in the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 260 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Price Performance

ACGL opened at $90.16 on Friday. The stock’s 50 day simple moving average is $92.72 and its 200 day simple moving average is $100.99. 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 Ltd. has a 1 year low of $83.91 and a 1 year high of $116.47. 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.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, topping 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 business posted $2.45 EPS. As a group, analysts predict that Arch Capital Group Ltd. will post 8.86 earnings per share for the current year.

Analysts Set New Price Targets

ACGL has been the topic of several recent analyst reports. Keefe, Bruyette & Woods lowered their price target on Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating on the stock in a report on Thursday. Barclays lowered their price target on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Royal Bank of Canada lowered their price target on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a report on Wednesday. Wells Fargo & Company reduced their price objective on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, JPMorgan Chase & Co. reduced their price objective on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $116.47.

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.