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

Pacer Advisors Inc. increased its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 33.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,667 shares of the insurance provider’s stock after purchasing an additional 11,501 shares during the period. Pacer Advisors Inc.’s holdings in Arch Capital Group were worth $4,217,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Creative Planning grew its holdings in Arch Capital Group by 14.4% in the 2nd quarter. Creative Planning now owns 36,230 shares of the insurance provider’s stock valued at $3,655,000 after buying an additional 4,571 shares during the period. NewEdge Advisors LLC boosted its position in shares of Arch Capital Group by 18.8% in the second quarter. NewEdge Advisors LLC now owns 14,914 shares of the insurance provider’s stock worth $1,505,000 after acquiring an additional 2,361 shares during the last quarter. Cetera Investment Advisers increased its position in Arch Capital Group by 18.4% during the second quarter. Cetera Investment Advisers now owns 49,193 shares of the insurance provider’s stock worth $4,963,000 after purchasing an additional 7,652 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Arch Capital Group during the second quarter worth approximately $5,412,000. Finally, M&R Capital Management Inc. boosted its holdings in shares of Arch Capital Group by 1.5% in the 3rd quarter. M&R Capital Management Inc. now owns 36,608 shares of the insurance provider’s stock valued at $4,096,000 after purchasing an additional 548 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Wells Fargo & Company dropped their price objective on Arch Capital Group from $109.00 to $107.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Keefe, Bruyette & Woods dropped their price objective on shares of Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Jefferies Financial Group lifted their target price on shares of Arch Capital Group from $114.00 to $134.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Royal Bank of Canada lowered their price target on Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, Bank of America reduced their price objective on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $118.00.

Arch Capital Group Price Performance

ACGL stock opened at $94.58 on Friday. The company has a market capitalization of $35.58 billion, a PE ratio of 6.35, a P/E/G ratio of 1.52 and a beta of 0.64. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. The stock’s 50 day moving average is $94.31 and its two-hundred day moving average is $101.32. Arch Capital Group Ltd. has a 52-week low of $80.97 and a 52-week high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.05. The firm 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 prior year, the company posted $2.31 earnings per share. Analysts predict that Arch Capital Group Ltd. will post 8.86 earnings per share for the current fiscal year.

Arch Capital Group Announces Dividend

The business also recently announced a special dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were paid a $5.00 dividend. 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.