Impact Capital Partners LLC Purchases Shares of 2,512 Arch Capital Group Ltd. (NASDAQ:ACGL)

Impact Capital Partners LLC purchased a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,512 shares of the insurance provider’s stock, valued at approximately $232,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in Arch Capital Group by 3.5% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 197,111 shares of the insurance provider’s stock valued at $18,203,000 after purchasing an additional 6,663 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Arch Capital Group by 5.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 111,229 shares of the insurance provider’s stock valued at $12,444,000 after purchasing an additional 5,614 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Arch Capital Group by 10.0% in the third quarter. PNC Financial Services Group Inc. now owns 71,721 shares of the insurance provider’s stock valued at $8,024,000 after purchasing an additional 6,521 shares in the last quarter. Pittenger & Anderson Inc. increased its stake in Arch Capital Group by 56.6% in the fourth quarter. Pittenger & Anderson Inc. now owns 6,720 shares of the insurance provider’s stock valued at $621,000 after purchasing an additional 2,430 shares in the last quarter. Finally, Metis Global Partners LLC increased its stake in Arch Capital Group by 26.6% in the third quarter. Metis Global Partners LLC now owns 25,465 shares of the insurance provider’s stock valued at $2,849,000 after purchasing an additional 5,345 shares in the last quarter. 89.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on ACGL shares. JMP Securities reaffirmed a “market outperform” rating and issued a $125.00 price target on shares of Arch Capital Group in a research note on Tuesday, February 11th. UBS Group decreased their target price on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Wells Fargo & Company decreased their target price on shares of Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Morgan Stanley decreased their target price on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Finally, JPMorgan Chase & Co. decreased their target price on shares of 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. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $117.19.

Arch Capital Group Stock Up 2.4 %

ACGL opened at $92.57 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. The stock has a market cap of $34.75 billion, a price-to-earnings ratio of 8.27, a PEG ratio of 2.31 and a beta of 0.62. Arch Capital Group Ltd. has a twelve month low of $87.42 and a twelve month high of $116.47. The company’s 50-day moving average price is $91.83 and its two-hundred day moving average price is $99.51.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share 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 previous year, the business earned $2.45 EPS. As a group, equities analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Insider Buying and Selling at Arch Capital Group

In related news, insider Louis T. Petrillo sold 11,600 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the sale, the insider now directly owns 140,023 shares in the company, valued at approximately $12,742,093. This represents a 7.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.20% of the company’s stock.

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.