14,750 Shares in Arch Capital Group Ltd. (NASDAQ:ACGL) Acquired by Deltec Asset Management LLC

Deltec Asset Management LLC bought a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 14,750 shares of the insurance provider’s stock, valued at approximately $1,362,000.

Several other large investors also recently added to or reduced their stakes in the business. State Street Corp raised its holdings in shares of Arch Capital Group by 1.1% during the 3rd quarter. State Street Corp now owns 16,587,446 shares of the insurance provider’s stock valued at $1,855,803,000 after purchasing an additional 172,628 shares in the last quarter. Geode Capital Management LLC raised its holdings in Arch Capital Group by 2.4% during the third quarter. Geode Capital Management LLC now owns 10,830,263 shares of the insurance provider’s stock valued at $1,208,307,000 after buying an additional 253,648 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Arch Capital Group by 4.8% in the third quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider’s stock worth $832,246,000 after buying an additional 337,786 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Arch Capital Group by 1.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,124,251 shares of the insurance provider’s stock worth $573,301,000 after acquiring an additional 49,426 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Arch Capital Group by 245.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,739 shares of the insurance provider’s stock worth $341,652,000 after acquiring an additional 2,168,897 shares in the last quarter. 89.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Wells Fargo & Company reduced their target price on Arch Capital Group from $109.00 to $107.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Keefe, Bruyette & Woods reduced their price objective on shares of Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. JMP Securities raised their target price on shares of Arch Capital Group from $115.00 to $125.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 15th. Barclays dropped their target price on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Finally, Bank of America decreased 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 investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Arch Capital Group currently has an average rating of “Moderate Buy” and an average target price of $118.00.

Arch Capital Group Price Performance

Arch Capital Group stock opened at $92.77 on Wednesday. The business has a 50 day simple moving average of $93.88 and a 200 day simple moving average of $101.29. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market capitalization of $34.90 billion, a PE ratio of 6.23, a price-to-earnings-growth ratio of 1.52 and a beta of 0.64. Arch Capital Group Ltd. has a one year low of $80.97 and a one year high of $116.47.

Arch Capital Group Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th were issued 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.