Stonegate Investment Group LLC Grows Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Stonegate Investment Group LLC increased its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 20.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,447 shares of the insurance provider’s stock after purchasing an additional 410 shares during the period. Stonegate Investment Group LLC’s holdings in Arch Capital Group were worth $226,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. increased its stake in shares of Arch Capital Group by 5.3% during 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 buying an additional 5,614 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of Arch Capital Group by 3.5% during 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 buying an additional 6,663 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Arch Capital Group by 10.0% during 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 buying an additional 6,521 shares during the period. Metis Global Partners LLC increased its stake in shares of Arch Capital Group by 26.6% during the third quarter. Metis Global Partners LLC now owns 25,465 shares of the insurance provider’s stock valued at $2,849,000 after buying an additional 5,345 shares during the period. Finally, Banque Cantonale Vaudoise increased its stake in shares of Arch Capital Group by 172.2% during the third quarter. Banque Cantonale Vaudoise now owns 55,423 shares of the insurance provider’s stock valued at $6,201,000 after buying an additional 35,060 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Trading Down 1.5 %

Arch Capital Group stock opened at $93.82 on Thursday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a 52 week low of $79.51 and a 52 week high of $116.47. The company has a market capitalization of $35.30 billion, a price-to-earnings ratio of 6.30, a price-to-earnings-growth ratio of 1.52 and a beta of 0.64. The stock has a 50-day moving average price of $94.39 and a 200 day moving average price of $101.37.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.05. The company had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same period last year, the business earned $2.31 earnings per share. Sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.86 EPS for the current year.

Arch Capital Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ACGL shares. JMP Securities raised their price objective on Arch Capital Group from $115.00 to $125.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 15th. Evercore ISI raised their price objective on Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a research report on Wednesday, October 9th. Bank of America dropped their price objective on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. JPMorgan Chase & Co. dropped their price objective on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Finally, Wells Fargo & Company dropped their price objective on Arch Capital Group from $109.00 to $107.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $118.00.

Arch Capital Group 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.