Northern Trust Corp lifted its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 5.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,813,672 shares of the insurance provider’s stock after acquiring an additional 138,636 shares during the quarter. Northern Trust Corp’s holdings in Arch Capital Group were worth $75,181,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Enlightenment Research LLC purchased a new stake in Arch Capital Group during the 4th quarter worth about $35,000. Ffcm LLC purchased a new stake in Arch Capital Group during the 4th quarter worth about $106,000. ETF Managers Group LLC lifted its holdings in Arch Capital Group by 15.7% during the 4th quarter. ETF Managers Group LLC now owns 4,566 shares of the insurance provider’s stock worth $122,000 after buying an additional 621 shares during the last quarter. Rehmann Capital Advisory Group increased its position in shares of Arch Capital Group by 2,880.4% during the third quarter. Rehmann Capital Advisory Group now owns 4,113 shares of the insurance provider’s stock worth $138,000 after purchasing an additional 3,975 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Arch Capital Group during the third quarter worth about $239,000. Hedge funds and other institutional investors own 79.52% of the company’s stock.
A number of analysts have recently commented on ACGL shares. Zacks Investment Research upgraded Arch Capital Group from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Thursday, February 14th. BidaskClub upgraded Arch Capital Group from a “hold” rating to a “buy” rating in a research report on Friday, February 8th. Wells Fargo & Co reiterated a “hold” rating and set a $30.00 target price on shares of Arch Capital Group in a research report on Thursday, December 13th. JMP Securities reiterated a “hold” rating on shares of Arch Capital Group in a research report on Sunday, February 17th. Finally, ValuEngine upgraded Arch Capital Group from a “sell” rating to a “hold” rating in a research report on Friday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $30.67.
ACGL opened at $32.55 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.51 and a current ratio of 0.51. Arch Capital Group Ltd. has a one year low of $24.79 and a one year high of $33.04. The stock has a market cap of $13.05 billion, a PE ratio of 14.80, a PEG ratio of 1.16 and a beta of 0.70.
Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Tuesday, February 12th. The insurance provider reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.08. Arch Capital Group had a return on equity of 10.09% and a net margin of 13.91%. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the firm earned $1.34 earnings per share. As a group, equities research analysts anticipate that Arch Capital Group Ltd. will post 2.55 EPS for the current year.
Arch Capital Group Company Profile
Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; 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.
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