Avestar Capital LLC Takes $206,000 Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Avestar Capital LLC bought a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,236 shares of the insurance provider’s stock, valued at approximately $206,000.

Several other institutional investors also recently bought and sold shares of ACGL. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Arch Capital Group in the fourth quarter valued at approximately $1,149,000. Van ECK Associates Corp grew its stake in shares of Arch Capital Group by 2.9% in the fourth quarter. Van ECK Associates Corp now owns 69,191 shares of the insurance provider’s stock worth $6,390,000 after acquiring an additional 1,941 shares in the last quarter. Channing Global Advisors LLC purchased a new stake in shares of Arch Capital Group during the fourth quarter worth $561,000. Allspring Global Investments Holdings LLC raised its stake in shares of Arch Capital Group by 4.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,350,868 shares of the insurance provider’s stock valued at $488,992,000 after acquiring an additional 226,617 shares in the last quarter. Finally, Marks Group Wealth Management Inc boosted its holdings in Arch Capital Group by 16.3% in the fourth quarter. Marks Group Wealth Management Inc now owns 3,355 shares of the insurance provider’s stock valued at $310,000 after purchasing an additional 471 shares during the period. 89.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on ACGL. Royal Bank of Canada reduced their price target on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a research report on Wednesday. Keefe, Bruyette & Woods reduced their target price 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. JPMorgan Chase & Co. dropped their price objective on shares of 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. StockNews.com lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, JMP Securities reiterated a “market outperform” rating and set a $125.00 target price on shares of Arch Capital Group in a research note on Tuesday, February 11th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Arch Capital Group has a consensus rating of “Moderate Buy” and a consensus price target of $116.53.

Arch Capital Group Price Performance

ACGL stock opened at $88.20 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $33.18 billion, a P/E ratio of 5.92, a PEG ratio of 1.53 and a beta of 0.64. The business has a 50 day simple moving average of $92.53 and a 200-day simple moving average of $100.95. Arch Capital Group Ltd. has a twelve month low of $83.97 and a twelve month high of $116.47.

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, topping analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. During the same quarter in the previous year, the company posted $2.45 earnings per share. As a group, equities analysts anticipate that Arch Capital Group Ltd. will post 8.86 EPS for the current year.

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.