Mutual of America Capital Management LLC Purchases 20,310 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Mutual of America Capital Management LLC lifted its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 24.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,828 shares of the insurance provider’s stock after purchasing an additional 20,310 shares during the period. Mutual of America Capital Management LLC’s holdings in Arch Capital Group were worth $9,496,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ACGL. Dynasty Wealth Management LLC boosted its stake in Arch Capital Group by 2.0% during the 4th quarter. Dynasty Wealth Management LLC now owns 7,106 shares of the insurance provider’s stock valued at $656,000 after purchasing an additional 140 shares during the last quarter. Private Trust Co. NA increased its position in shares of Arch Capital Group by 14.1% during the 4th quarter. Private Trust Co. NA now owns 1,274 shares of the insurance provider’s stock valued at $118,000 after purchasing an additional 157 shares during the last quarter. VELA Investment Management LLC increased its holdings in Arch Capital Group by 14.7% during the fourth quarter. VELA Investment Management LLC now owns 49,298 shares of the insurance provider’s stock worth $4,553,000 after buying an additional 6,333 shares during the last quarter. QRG Capital Management Inc. increased its position in Arch Capital Group by 39.1% in the fourth quarter. QRG Capital Management Inc. now owns 52,628 shares of the insurance provider’s stock worth $4,860,000 after buying an additional 14,803 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in shares of Arch Capital Group during the 4th quarter valued at $92,000. 89.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ACGL has been the topic of a number of analyst reports. UBS Group decreased their price objective on Arch Capital Group from $131.00 to $127.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Royal Bank of Canada lowered their price target on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Barclays lowered their price objective on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Wells Fargo & Company reduced their price target on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Finally, Morgan Stanley dropped their target price on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $117.19.

Arch Capital Group Trading Up 0.9 %

NASDAQ ACGL opened at $92.93 on Friday. The company’s 50-day simple moving average is $92.04 and its two-hundred day simple moving average is $100.41. 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 company has a market capitalization of $34.96 billion, a price-to-earnings ratio of 8.30, a price-to-earnings-growth ratio of 2.31 and a beta of 0.64. Arch Capital Group Ltd. has a one year low of $86.41 and a one year high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the business posted $2.45 earnings per share. Equities analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

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.