Harbor Capital Advisors Inc. Raises Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Harbor Capital Advisors Inc. increased its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.3% in the 4th quarter, HoldingsChannel reports. The fund owned 9,258 shares of the insurance provider’s stock after purchasing an additional 380 shares during the period. Harbor Capital Advisors Inc.’s holdings in Arch Capital Group were worth $855,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new position in shares of Arch Capital Group in the third quarter worth about $25,000. Compagnie Lombard Odier SCmA bought a new position in Arch Capital Group in the 3rd quarter worth approximately $46,000. UMB Bank n.a. grew its stake in Arch Capital Group by 41.9% in the 3rd quarter. UMB Bank n.a. now owns 427 shares of the insurance provider’s stock valued at $48,000 after buying an additional 126 shares in the last quarter. Asset Dedication LLC raised its holdings in Arch Capital Group by 188.1% during the 3rd quarter. Asset Dedication LLC now owns 435 shares of the insurance provider’s stock valued at $49,000 after acquiring an additional 284 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Arch Capital Group during the third quarter worth $50,000. 89.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Evercore ISI boosted their price objective on Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a research note on Wednesday, October 9th. StockNews.com cut Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. cut their price objective on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Jefferies Financial Group upped their target price on shares of Arch Capital Group from $114.00 to $134.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, Bank of America cut their price target on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a report on Friday, November 15th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $118.13.

Arch Capital Group Stock Up 0.7 %

Shares of ACGL opened at $90.83 on Tuesday. The firm has a market cap of $34.17 billion, a P/E ratio of 6.10, a P/E/G ratio of 1.49 and a beta of 0.64. Arch Capital Group Ltd. has a 1 year low of $77.53 and a 1 year high of $116.47. The stock has a 50 day simple moving average of $95.60 and a two-hundred day simple moving average of $101.73. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, beating the consensus estimate of $1.94 by $0.05. The company had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.05 billion. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. During the same quarter last year, the firm earned $2.31 EPS. On average, analysts forecast that Arch Capital Group Ltd. will post 8.99 earnings per share for the current fiscal year.

Arch Capital Group Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were issued a $5.00 dividend. The ex-dividend date was Monday, November 18th.

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.