Procyon Advisors LLC Has $985,000 Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Procyon Advisors LLC grew its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 15.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,667 shares of the insurance provider’s stock after acquiring an additional 1,403 shares during the period. Procyon Advisors LLC’s holdings in Arch Capital Group were worth $985,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ACGL. Quantbot Technologies LP bought a new position in Arch Capital Group in the 3rd quarter valued at approximately $25,000. Compagnie Lombard Odier SCmA bought a new position in shares of Arch Capital Group during the third quarter valued at $46,000. UMB Bank n.a. lifted its holdings 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 worth $48,000 after purchasing an additional 126 shares during the period. Asset Dedication LLC grew its stake in shares of Arch Capital Group by 188.1% in the third quarter. Asset Dedication LLC now owns 435 shares of the insurance provider’s stock worth $49,000 after purchasing an additional 284 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in Arch Capital Group in the third quarter valued at $50,000. 89.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Wells Fargo & Company reduced their price target on Arch Capital Group from $109.00 to $107.00 and set an “overweight” rating on the stock in a research report on Tuesday. Royal Bank of Canada reduced their target price on Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Barclays lowered their price target on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. StockNews.com lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, TD Cowen lifted their target price on shares of Arch Capital Group from $116.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $118.00.

Arch Capital Group Stock Performance

Shares of ACGL opened at $95.51 on Friday. Arch Capital Group Ltd. has a one year low of $77.53 and a one year high of $116.47. The company has a market cap of $35.93 billion, a PE ratio of 6.41, a P/E/G ratio of 1.41 and a beta of 0.64. The stock has a 50-day moving average of $95.15 and a 200-day moving average of $101.54. 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 (NASDAQ:ACGL) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.05. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. The firm had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter last year, the firm posted $2.31 earnings per share. On average, equities research analysts predict that Arch Capital Group Ltd. will post 8.85 EPS for the current fiscal year.

Arch Capital Group Announces Dividend

The firm also recently declared a special dividend, which was paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th were paid a dividend of $5.00 per share. The ex-dividend date of this dividend was Monday, November 18th.

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.