Elm3 Financial Group LLC Purchases Shares of 12,710 Arch Capital Group Ltd. (NASDAQ:ACGL)

Elm3 Financial Group LLC acquired a new position in Arch Capital Group Ltd. (NASDAQ:ACGL) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,710 shares of the insurance provider’s stock, valued at approximately $1,174,000. Arch Capital Group makes up approximately 1.0% of Elm3 Financial Group LLC’s investment portfolio, making the stock its 24th largest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quantbot Technologies LP purchased a new stake in Arch Capital Group in the 3rd quarter worth $25,000. Y.D. More Investments Ltd increased its stake in Arch Capital Group by 125.6% in the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 260 shares during the last quarter. Compagnie Lombard Odier SCmA purchased a new position in shares of Arch Capital Group in the third quarter valued at $46,000. UMB Bank n.a. raised 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 purchasing an additional 126 shares in the last quarter. Finally, Asset Dedication LLC grew its stake in shares of Arch Capital Group by 188.1% in the 3rd quarter. Asset Dedication LLC now owns 435 shares of the insurance provider’s stock worth $49,000 after buying an additional 284 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ACGL has been the topic of several recent research reports. Evercore ISI upped 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 report on Wednesday, October 9th. Barclays lowered 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. JMP Securities boosted their target price on Arch Capital Group from $115.00 to $125.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 15th. StockNews.com downgraded Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $118.00.

Arch Capital Group Trading Up 0.3 %

ACGL opened at $93.06 on Thursday. Arch Capital Group Ltd. has a 52 week low of $80.97 and a 52 week high of $116.47. The company has a market capitalization of $35.01 billion, a P/E ratio of 6.25, a PEG ratio of 1.52 and a beta of 0.64. The stock’s fifty day moving average is $93.73 and its two-hundred day moving average is $101.23. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17.

Arch Capital Group Company 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.