Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Purchased by Brooklyn Investment Group

Brooklyn Investment Group grew its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 15.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,456 shares of the insurance provider’s stock after purchasing an additional 196 shares during the period. Brooklyn Investment Group’s holdings in Arch Capital Group were worth $134,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Merit Financial Group LLC boosted its position in Arch Capital Group by 167.2% during the fourth quarter. Merit Financial Group LLC now owns 5,911 shares of the insurance provider’s stock worth $546,000 after acquiring an additional 3,699 shares during the last quarter. Wedge Capital Management L L P NC lifted its stake in shares of Arch Capital Group by 4.7% during the 4th quarter. Wedge Capital Management L L P NC now owns 120,909 shares of the insurance provider’s stock worth $11,166,000 after purchasing an additional 5,417 shares during the period. Chemistry Wealth Management LLC boosted its holdings in shares of Arch Capital Group by 24.3% during the fourth quarter. Chemistry Wealth Management LLC now owns 7,423 shares of the insurance provider’s stock worth $686,000 after purchasing an additional 1,450 shares during the last quarter. Procyon Advisors LLC boosted its holdings in shares of Arch Capital Group by 15.1% during the fourth quarter. Procyon Advisors LLC now owns 10,667 shares of the insurance provider’s stock worth $985,000 after purchasing an additional 1,403 shares during the last quarter. Finally, Contravisory Investment Management Inc. grew its position in shares of Arch Capital Group by 12.0% in the fourth quarter. Contravisory Investment Management Inc. now owns 7,282 shares of the insurance provider’s stock valued at $672,000 after purchasing an additional 778 shares during the period. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on ACGL shares. Keefe, Bruyette & Woods decreased their price target on Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Barclays lowered their target price 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. Evercore ISI increased their price target on shares of Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 9th. BMO Capital Markets boosted their price objective on shares of 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. Finally, Jefferies Financial Group increased their target price on Arch Capital Group from $114.00 to $134.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Arch Capital Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

Arch Capital Group Stock Performance

Arch Capital Group stock opened at $95.51 on Friday. The firm has a market capitalization of $35.93 billion, a PE ratio of 6.41, a price-to-earnings-growth ratio of 1.41 and a beta of 0.64. Arch Capital Group Ltd. has a one year low of $77.53 and a one year high of $116.47. The stock’s 50 day moving average price is $95.15 and its 200 day moving average price is $101.55. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.05. The business had revenue of $4.72 billion for the quarter, compared to analysts’ expectations of $4.05 billion. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. During the same period in the previous year, the company posted $2.31 earnings per share. As a group, sell-side analysts expect that Arch Capital Group Ltd. will post 8.85 EPS for the current fiscal year.

Arch Capital Group Dividend Announcement

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

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.