Wedge Capital Management L L P NC Increases Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Wedge Capital Management L L P NC boosted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 120,909 shares of the insurance provider’s stock after acquiring an additional 5,417 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Arch Capital Group were worth $11,166,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Chemistry Wealth Management LLC raised its position in Arch Capital Group by 24.3% during the fourth quarter. Chemistry Wealth Management LLC now owns 7,423 shares of the insurance provider’s stock valued at $686,000 after acquiring an additional 1,450 shares in the last quarter. Procyon Advisors LLC grew its holdings in Arch Capital Group by 15.1% in the fourth quarter. Procyon Advisors LLC now owns 10,667 shares of the insurance provider’s stock valued at $985,000 after purchasing an additional 1,403 shares during the period. Contravisory Investment Management Inc. grew its holdings in Arch Capital Group by 12.0% in the fourth quarter. Contravisory Investment Management Inc. now owns 7,282 shares of the insurance provider’s stock valued at $672,000 after purchasing an additional 778 shares during the period. USA Financial Formulas acquired a new stake in Arch Capital Group in the fourth quarter valued at approximately $121,000. Finally, Park Avenue Securities LLC grew its holdings in Arch Capital Group by 5.7% in the fourth quarter. Park Avenue Securities LLC now owns 25,990 shares of the insurance provider’s stock valued at $2,400,000 after purchasing an additional 1,408 shares during the period. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ACGL has been the topic of several research analyst reports. 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 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 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 report on Friday, January 3rd. Keefe, Bruyette & Woods lowered their price target on Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Finally, Jefferies Financial Group lifted their price target on Arch Capital Group from $114.00 to $134.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock 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 $95.51 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 $35.93 billion, a PE ratio of 6.41, a P/E/G ratio of 1.41 and a beta of 0.64. Arch Capital Group Ltd. has a 12-month low of $77.53 and a 12-month high of $116.47. The business’s fifty day moving average price is $95.15 and its 200 day moving average price is $101.55.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, topping the consensus estimate of $1.94 by $0.05. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. The firm had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the previous year, the firm posted $2.31 EPS. On average, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.85 EPS for the current year.

Arch Capital Group Announces Dividend

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

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.