Howard Capital Management Inc. Buys Shares of 2,230 Arch Capital Group Ltd. (NASDAQ:ACGL)

Howard Capital Management Inc. bought a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,230 shares of the insurance provider’s stock, valued at approximately $206,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new position in Arch Capital Group in the third quarter valued at about $25,000. Golden State Wealth Management LLC acquired a new position in Arch Capital Group in the fourth quarter valued at about $42,000. Y.D. More Investments Ltd lifted its stake in Arch Capital Group by 125.6% in the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock valued at $43,000 after buying an additional 260 shares during the period. Ashton Thomas Securities LLC acquired a new position in Arch Capital Group in the third quarter valued at about $50,000. Finally, UMB Bank n.a. lifted its stake in Arch Capital Group by 97.0% in the fourth quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock valued at $78,000 after buying an additional 414 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. BMO Capital Markets increased their target price on Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a research note on Wednesday, November 6th. JMP Securities reaffirmed a “market outperform” rating and set a $125.00 price target on shares of Arch Capital Group in a research report on Tuesday, February 11th. Barclays dropped their price target on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. 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. Finally, JPMorgan Chase & Co. dropped their price target on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Arch Capital Group 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 $90.35 on Wednesday. The stock has a market capitalization of $33.99 billion, a price-to-earnings ratio of 8.07, a PEG ratio of 2.31 and a beta of 0.64. The stock’s 50 day moving average price is $91.92 and its two-hundred day moving average price 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. 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 posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share 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 last year, the business posted $2.45 EPS. As a group, analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

About Arch Capital Group

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.