LPL Financial LLC Grows Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

LPL Financial LLC lifted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 34.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 387,518 shares of the insurance provider’s stock after acquiring an additional 99,656 shares during the quarter. LPL Financial LLC owned approximately 0.10% of Arch Capital Group worth $35,787,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Oregon Public Employees Retirement Fund increased its holdings in Arch Capital Group by 0.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 32,147 shares of the insurance provider’s stock worth $2,969,000 after purchasing an additional 110 shares during the period. HBK Sorce Advisory LLC increased its holdings in Arch Capital Group by 5.7% during the fourth quarter. HBK Sorce Advisory LLC now owns 2,373 shares of the insurance provider’s stock valued at $219,000 after buying an additional 127 shares during the period. Flagship Harbor Advisors LLC raised its stake in Arch Capital Group by 5.9% in the fourth quarter. Flagship Harbor Advisors LLC now owns 2,315 shares of the insurance provider’s stock worth $214,000 after buying an additional 129 shares in the last quarter. Avidian Wealth Enterprises LLC lifted its holdings in Arch Capital Group by 4.5% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 3,083 shares of the insurance provider’s stock worth $285,000 after buying an additional 132 shares during the period. Finally, Dynasty Wealth Management LLC grew its stake in Arch Capital Group by 2.0% in the fourth quarter. Dynasty Wealth Management LLC now owns 7,106 shares of the insurance provider’s stock valued at $656,000 after purchasing an additional 140 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on ACGL shares. 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. Morgan Stanley reduced their price objective on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Royal Bank of Canada dropped their target price on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods dropped their price objective on shares of Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Finally, 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. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $117.19.

Arch Capital Group Stock Performance

NASDAQ:ACGL opened at $95.06 on Friday. The company has a fifty day moving average of $92.16 and a two-hundred day moving average of $98.27. Arch Capital Group Ltd. has a fifty-two week low of $87.42 and a fifty-two week high of $116.47. The stock has a market capitalization of $35.68 billion, a PE ratio of 8.49, a P/E/G ratio of 2.31 and a beta of 0.62. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly 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 last year, the firm posted $2.45 EPS. As a group, research analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Insider Activity

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total value of $1,055,600.00. Following the transaction, the insider now owns 140,023 shares in the company, valued at approximately $12,742,093. This trade represents a 7.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company 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.