Mn Services Vermogensbeheer B.V. Raises Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Mn Services Vermogensbeheer B.V. boosted its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 145,500 shares of the insurance provider’s stock after purchasing an additional 2,400 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Arch Capital Group were worth $13,437,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. New York Life Investment Management LLC increased its position in Arch Capital Group by 0.5% during the 4th quarter. New York Life Investment Management LLC now owns 55,444 shares of the insurance provider’s stock worth $5,120,000 after purchasing an additional 284 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in Arch Capital Group by 0.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 32,147 shares of the insurance provider’s stock valued at $2,969,000 after purchasing an additional 110 shares during the period. FFT Wealth Management LLC lifted its stake in shares of Arch Capital Group by 5.2% during the fourth quarter. FFT Wealth Management LLC now owns 65,237 shares of the insurance provider’s stock worth $6,025,000 after purchasing an additional 3,203 shares in the last quarter. Horizon Advisory Services Inc. purchased a new stake in shares of Arch Capital Group in the fourth quarter worth about $266,000. Finally, Millington Financial Advisors LLC grew its stake in shares of Arch Capital Group by 13.6% in the fourth quarter. Millington Financial Advisors LLC now owns 18,058 shares of the insurance provider’s stock valued at $1,681,000 after buying an additional 2,168 shares in the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. JPMorgan Chase & Co. reduced their price target 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. Keefe, Bruyette & Woods lowered their price target on shares of Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. UBS Group cut their price objective on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. JMP Securities restated 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. Finally, BMO Capital Markets boosted their price target on Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 6th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.19.

Arch Capital Group Stock Performance

ACGL stock opened at $92.10 on Friday. The firm has a market cap of $34.65 billion, a P/E ratio of 8.22, a P/E/G ratio of 2.31 and a beta of 0.64. The stock’s 50 day simple moving average is $92.00 and its 200 day simple moving average is $100.42. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. Arch Capital Group Ltd. has a 12-month low of $86.41 and a 12-month high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, topping 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 in the prior year, the company posted $2.45 EPS. As a group, equities research analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

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.