Marks Group Wealth Management Inc Has $310,000 Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Marks Group Wealth Management Inc lifted its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 16.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,355 shares of the insurance provider’s stock after purchasing an additional 471 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Arch Capital Group were worth $310,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Avidian Wealth Enterprises LLC lifted its stake in Arch Capital Group by 4.5% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 3,083 shares of the insurance provider’s stock valued at $285,000 after buying an additional 132 shares in the last quarter. Capital Advisors Inc. OK raised its holdings in shares of Arch Capital Group by 15.0% during the fourth quarter. Capital Advisors Inc. OK now owns 2,684 shares of the insurance provider’s stock valued at $248,000 after acquiring an additional 351 shares during the period. Leavell Investment Management Inc. lifted its position in shares of Arch Capital Group by 12.6% in the 4th quarter. Leavell Investment Management Inc. now owns 6,686 shares of the insurance provider’s stock valued at $617,000 after acquiring an additional 748 shares in the last quarter. Axecap Investments LLC lifted its position in shares of Arch Capital Group by 24.4% in the 4th quarter. Axecap Investments LLC now owns 35,746 shares of the insurance provider’s stock valued at $3,301,000 after acquiring an additional 7,005 shares in the last quarter. Finally, Summit Trail Advisors LLC boosted its stake in Arch Capital Group by 76.2% in the 4th quarter. Summit Trail Advisors LLC now owns 22,486 shares of the insurance provider’s stock worth $2,077,000 after purchasing an additional 9,723 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Trading Down 1.5 %

Shares of NASDAQ:ACGL opened at $88.26 on Thursday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $33.21 billion, a PE ratio of 5.92, a P/E/G ratio of 1.53 and a beta of 0.64. Arch Capital Group Ltd. has a 1 year low of $83.12 and a 1 year high of $116.47. The firm has a fifty day moving average price of $92.89 and a 200 day moving average price of $101.06.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.36. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same quarter in the prior year, the firm posted $2.45 earnings per share. Analysts expect that Arch Capital Group Ltd. will post 8.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ACGL. Royal Bank of Canada cut their target price on shares of Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a research note on Wednesday. Bank of America dropped their price target on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. StockNews.com lowered Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Wells Fargo & Company dropped their target price on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $116.93.

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.