Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Bought by Kinsale Capital Group Inc.

Kinsale Capital Group Inc. grew its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 17.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 68,115 shares of the insurance provider’s stock after acquiring an additional 10,094 shares during the period. Arch Capital Group comprises about 1.7% of Kinsale Capital Group Inc.’s holdings, making the stock its 25th biggest position. Kinsale Capital Group Inc.’s holdings in Arch Capital Group were worth $6,290,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ACGL. Metis Global Partners LLC raised its holdings in Arch Capital Group by 3.2% during the fourth quarter. Metis Global Partners LLC now owns 26,287 shares of the insurance provider’s stock worth $2,428,000 after purchasing an additional 822 shares during the last quarter. Terril Brothers Inc. purchased a new position in shares of Arch Capital Group in the fourth quarter valued at $203,000. Mutual of America Capital Management LLC raised its stake in shares of Arch Capital Group by 24.6% during the 4th quarter. Mutual of America Capital Management LLC now owns 102,828 shares of the insurance provider’s stock worth $9,496,000 after buying an additional 20,310 shares during the last quarter. Dynasty Wealth Management LLC raised its stake in shares of Arch Capital Group by 2.0% during the 4th quarter. Dynasty Wealth Management LLC now owns 7,106 shares of the insurance provider’s stock worth $656,000 after buying an additional 140 shares during the last quarter. Finally, Private Trust Co. NA boosted its position in shares of Arch Capital Group by 14.1% in the 4th quarter. Private Trust Co. NA now owns 1,274 shares of the insurance provider’s stock worth $118,000 after buying an additional 157 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Bank of America cut their target price on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Royal Bank of Canada dropped their price objective 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. Wells Fargo & Company reduced their target price on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. JPMorgan Chase & Co. dropped their price target on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods cut their price target on Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $117.19.

Arch Capital Group Stock Up 0.9 %

ACGL opened at $92.93 on Friday. Arch Capital Group Ltd. has a 12 month low of $86.41 and a 12 month high of $116.47. The business has a 50-day moving average of $92.04 and a two-hundred day moving average of $100.41. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58. The stock has a market capitalization of $34.96 billion, a price-to-earnings ratio of 8.30, a price-to-earnings-growth ratio of 2.31 and a beta of 0.64.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business earned $2.45 earnings per share. On average, research analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current 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.