Creative Planning Boosts Stake in Arch Capital Group Ltd. $ACGL

Creative Planning lifted its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 33.2% in the second quarter, Holdings Channel reports. The firm owned 50,190 shares of the insurance provider’s stock after acquiring an additional 12,503 shares during the period. Creative Planning’s holdings in Arch Capital Group were worth $4,570,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in ACGL. Mainstay Capital Management LLC ADV acquired a new position in shares of Arch Capital Group during the second quarter worth about $363,000. Steward Partners Investment Advisory LLC boosted its holdings in Arch Capital Group by 9.9% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 34,987 shares of the insurance provider’s stock valued at $3,365,000 after purchasing an additional 3,158 shares in the last quarter. Bryn Mawr Trust Advisors LLC acquired a new position in Arch Capital Group during the 2nd quarter worth approximately $371,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Arch Capital Group by 9.5% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 658,813 shares of the insurance provider’s stock worth $63,365,000 after purchasing an additional 57,297 shares during the period. Finally, OMERS ADMINISTRATION Corp raised its stake in shares of Arch Capital Group by 42.2% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 45,026 shares of the insurance provider’s stock worth $4,331,000 after buying an additional 13,357 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Price Performance

Arch Capital Group stock opened at $92.46 on Friday. The firm has a market capitalization of $33.53 billion, a PE ratio of 8.65, a P/E/G ratio of 3.24 and a beta of 0.47. Arch Capital Group Ltd. has a 52 week low of $82.44 and a 52 week high of $101.66. The firm’s 50-day simple moving average is $89.42 and its 200 day simple moving average is $90.45. The company has a quick ratio of 0.56, a current ratio of 0.55 and a debt-to-equity ratio of 0.13.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Monday, October 27th. The insurance provider reported $2.77 earnings per share for the quarter, beating the consensus estimate of $1.76 by $1.01. Arch Capital Group had a net margin of 20.96% and a return on equity of 16.38%. The firm had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $4.39 billion. During the same period last year, the firm posted $1.99 EPS. On average, equities research analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Arch Capital Group from $110.00 to $111.00 and gave the company a “neutral” rating in a research note on Tuesday, October 28th. Citigroup reissued a “market outperform” rating on shares of Arch Capital Group in a report on Tuesday, October 28th. Barclays set a $99.00 price target on shares of Arch Capital Group and gave the stock an “equal weight” rating in a research note on Wednesday, October 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Arch Capital Group in a research note on Wednesday, October 8th. Finally, Wolfe Research initiated coverage on shares of Arch Capital Group in a report on Monday, September 15th. They set a “peer perform” rating on the stock. Seven analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $106.75.

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.