Channing Global Advisors LLC Invests $561,000 in Arch Capital Group Ltd. (NASDAQ:ACGL)

Channing Global Advisors LLC bought a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,078 shares of the insurance provider’s stock, valued at approximately $561,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Allspring Global Investments Holdings LLC raised its stake in Arch Capital Group by 4.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,350,868 shares of the insurance provider’s stock valued at $488,992,000 after purchasing an additional 226,617 shares in the last quarter. Marks Group Wealth Management Inc raised its stake in Arch Capital Group by 16.3% in the fourth quarter. Marks Group Wealth Management Inc now owns 3,355 shares of the insurance provider’s stock valued at $310,000 after purchasing an additional 471 shares in the last quarter. Avidian Wealth Enterprises LLC raised its stake in Arch Capital Group by 4.5% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 3,083 shares of the insurance provider’s stock valued at $285,000 after purchasing an additional 132 shares in the last quarter. Capital Advisors Inc. OK raised its stake in Arch Capital Group by 15.0% in the fourth quarter. Capital Advisors Inc. OK now owns 2,684 shares of the insurance provider’s stock valued at $248,000 after purchasing an additional 351 shares in the last quarter. Finally, Leavell Investment Management Inc. raised its stake in Arch Capital Group by 12.6% in the fourth quarter. Leavell Investment Management Inc. now owns 6,686 shares of the insurance provider’s stock valued at $617,000 after purchasing an additional 748 shares in the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ACGL has been the topic of a number of recent analyst reports. BMO Capital Markets raised their target price on shares of Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a research note on Wednesday, November 6th. StockNews.com downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Barclays decreased their price target on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Keefe, Bruyette & Woods decreased their price target on shares of 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, JPMorgan Chase & Co. decreased their price target on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $117.93.

Arch Capital Group Stock Down 2.0 %

Shares of Arch Capital Group stock opened at $89.60 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58. Arch Capital Group Ltd. has a 52-week low of $82.75 and a 52-week high of $116.47. The stock has a market capitalization of $33.71 billion, a price-to-earnings ratio of 6.01, a P/E/G ratio of 1.53 and a beta of 0.64. The company’s 50 day moving average price is $93.09 and its 200-day moving average price is $101.15.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.36. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. During the same period in the previous year, the company earned $2.45 EPS. Equities research analysts forecast that Arch Capital Group Ltd. will post 8.86 EPS for the current year.

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.