Millington Financial Advisors LLC Increases Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Millington Financial Advisors LLC raised its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 13.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,058 shares of the insurance provider’s stock after acquiring an additional 2,168 shares during the quarter. Millington Financial Advisors LLC’s holdings in Arch Capital Group were worth $1,681,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quantbot Technologies LP purchased a new position in Arch Capital Group during the 3rd quarter valued at about $25,000. Golden State Wealth Management LLC bought a new stake in shares of Arch Capital Group in the 4th quarter worth approximately $42,000. Y.D. More Investments Ltd increased 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 period. Ashton Thomas Securities LLC bought a new position in shares of Arch Capital Group during the third quarter valued at approximately $50,000. Finally, UMB Bank n.a. lifted its stake in Arch Capital Group by 97.0% in the fourth quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock worth $78,000 after acquiring an additional 414 shares during the period. 89.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on ACGL. UBS Group decreased their price objective on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Royal Bank of Canada decreased their price target on shares of Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Bank of America cut their price objective on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Morgan Stanley reduced their target price on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Finally, BMO Capital Markets raised their target price 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 eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $117.19.

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock opened at $89.55 on Tuesday. Arch Capital Group Ltd. has a 1 year low of $86.16 and a 1 year high of $116.47. The firm’s 50-day moving average is $91.93 and its 200 day moving average is $100.62. The stock has a market cap of $33.69 billion, a price-to-earnings ratio of 8.00, a PEG ratio of 2.31 and a beta of 0.64. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58.

Arch Capital Group (NASDAQ:ACGL) last issued its 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 net margin of 24.73% and a return on equity of 17.96%. During the same period in the prior year, the firm earned $2.45 EPS. Sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

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.