Exchange Traded Concepts LLC Purchases 499 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Exchange Traded Concepts LLC raised its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,649 shares of the insurance provider’s stock after acquiring an additional 499 shares during the period. Exchange Traded Concepts LLC’s holdings in Arch Capital Group were worth $799,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ACGL. CX Institutional raised its position in shares of Arch Capital Group by 26.3% during the fourth quarter. CX Institutional now owns 51,721 shares of the insurance provider’s stock valued at $4,776,000 after buying an additional 10,768 shares during the last quarter. Impact Partnership Wealth LLC raised its position in shares of Arch Capital Group by 190.7% during the fourth quarter. Impact Partnership Wealth LLC now owns 13,705 shares of the insurance provider’s stock valued at $1,266,000 after buying an additional 8,991 shares during the last quarter. Lifestyle Asset Management Inc. raised its position in Arch Capital Group by 4.2% in the fourth quarter. Lifestyle Asset Management Inc. now owns 11,958 shares of the insurance provider’s stock worth $1,104,000 after purchasing an additional 487 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Arch Capital Group by 11.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 100,582 shares of the insurance provider’s stock worth $9,289,000 after purchasing an additional 9,962 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its position in Arch Capital Group by 28.2% in the fourth quarter. Crossmark Global Holdings Inc. now owns 30,177 shares of the insurance provider’s stock worth $2,787,000 after purchasing an additional 6,643 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Trading Down 1.5 %

Shares of NASDAQ ACGL opened at $93.82 on Thursday. The company’s fifty day moving average is $94.39 and its 200-day moving average is $101.37. The stock has a market cap of $35.30 billion, a price-to-earnings ratio of 6.30, a P/E/G ratio of 1.52 and a beta of 0.64. Arch Capital Group Ltd. has a twelve month low of $79.51 and a twelve month high of $116.47. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.05. The company had revenue of $4.72 billion for the quarter, compared to analysts’ expectations of $4.05 billion. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. During the same period last year, the firm posted $2.31 earnings per share. Equities research analysts predict that Arch Capital Group Ltd. will post 8.86 EPS for the current year.

Arch Capital Group Announces Dividend

The business also recently disclosed a special dividend, which was paid on Wednesday, December 4th. Investors 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.

Wall Street Analyst Weigh In

ACGL has been the subject of several recent research reports. Barclays dropped their price target on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. dropped their price target on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. BMO Capital Markets increased their price target on shares of Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 6th. Evercore ISI raised their price objective on shares of Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a report on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods dropped 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 report on Friday, January 10th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $118.00.

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.