Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Acquired by KG&L Capital Management LLC

KG&L Capital Management LLC boosted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,307 shares of the insurance provider’s stock after buying an additional 453 shares during the quarter. KG&L Capital Management LLC’s holdings in Arch Capital Group were worth $1,044,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its holdings in shares of Arch Capital Group by 12.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider’s stock worth $100,000 after acquiring an additional 101 shares during the last quarter. Fiduciary Financial Group LLC increased its stake in Arch Capital Group by 2.8% in the 3rd quarter. Fiduciary Financial Group LLC now owns 3,779 shares of the insurance provider’s stock worth $415,000 after purchasing an additional 103 shares in the last quarter. Marks Group Wealth Management Inc raised its holdings in Arch Capital Group by 4.2% during the 3rd quarter. Marks Group Wealth Management Inc now owns 2,884 shares of the insurance provider’s stock worth $323,000 after buying an additional 115 shares during the period. Harbor Capital Advisors Inc. raised its holdings in Arch Capital Group by 1.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,878 shares of the insurance provider’s stock worth $993,000 after buying an additional 116 shares during the period. Finally, UMB Bank n.a. lifted its stake in Arch Capital Group by 41.9% during the third 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. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

ACGL opened at $93.07 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market cap of $35.02 billion, a PE ratio of 6.25, a price-to-earnings-growth ratio of 1.53 and a beta of 0.64. The stock has a 50-day moving average of $94.17 and a 200-day moving average of $101.30. Arch Capital Group Ltd. has a 52-week low of $80.97 and a 52-week high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the business earned $2.31 earnings per share. As a group, equities research analysts forecast that Arch Capital Group Ltd. will post 8.86 earnings per share for the current fiscal year.

Arch Capital Group Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company cut their price target on shares of Arch Capital Group from $109.00 to $107.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Evercore ISI boosted their target price on shares of 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. JMP Securities increased their target price on Arch Capital Group from $115.00 to $125.00 and gave the company a “market outperform” rating in a report on Tuesday, October 15th. BMO Capital Markets lifted their price target on Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a report on Wednesday, November 6th. Finally, Barclays reduced their price objective on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $118.00.

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.