Howard Capital Management Inc. Invests $206,000 in Arch Capital Group Ltd. (NASDAQ:ACGL)

Howard Capital Management Inc. purchased a new position in shares of 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 purchased 2,230 shares of the insurance provider’s stock, valued at approximately $206,000.

A number of other large investors also recently modified their holdings of ACGL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Arch Capital Group by 245.1% during the third 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 buying an additional 2,168,897 shares during the last quarter. Swedbank AB lifted its holdings in shares of Arch Capital Group by 268.8% during the fourth quarter. Swedbank AB now owns 1,261,957 shares of the insurance provider’s stock worth $116,542,000 after buying an additional 919,793 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Arch Capital Group by 10.5% during the fourth quarter. Principal Financial Group Inc. now owns 8,222,244 shares of the insurance provider’s stock worth $759,324,000 after buying an additional 783,506 shares during the last quarter. Erste Asset Management GmbH acquired a new position in shares of Arch Capital Group during the third quarter worth approximately $82,748,000. Finally, AustralianSuper Pty Ltd lifted its holdings in shares of Arch Capital Group by 736.4% during the fourth quarter. AustralianSuper Pty Ltd now owns 766,365 shares of the insurance provider’s stock worth $70,774,000 after buying an additional 674,739 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Arch Capital Group Price Performance

Shares of ACGL stock opened at $90.35 on Wednesday. The stock’s fifty day moving average is $91.92 and its 200-day moving average is $100.56. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. The stock has a market capitalization of $33.99 billion, a PE ratio of 8.07, a PEG ratio of 2.31 and a beta of 0.64. Arch Capital Group Ltd. has a 52 week low of $86.16 and a 52 week high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, topping the consensus estimate of $1.90 by $0.36. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. During the same quarter in the previous year, the firm earned $2.45 EPS. Equities research analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ACGL. Bank of America cut their price target on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a report on Friday, November 15th. JPMorgan Chase & Co. cut their target price on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. Keefe, Bruyette & Woods cut their target price on Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Morgan Stanley cut their target price on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Finally, Barclays cut their target price 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 equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $117.19.

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.