Bleakley Financial Group LLC Has $1.62 Million Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Bleakley Financial Group LLC lifted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 39.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,540 shares of the insurance provider’s stock after purchasing an additional 4,960 shares during the period. Bleakley Financial Group LLC’s holdings in Arch Capital Group were worth $1,620,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Arch Capital Group by 245.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,739 shares of the insurance provider’s stock valued at $341,652,000 after acquiring an additional 2,168,897 shares during the period. Swedbank AB lifted its position in Arch Capital Group by 268.8% in the fourth quarter. Swedbank AB now owns 1,261,957 shares of the insurance provider’s stock worth $116,542,000 after purchasing an additional 919,793 shares during the period. Erste Asset Management GmbH acquired a new stake in Arch Capital Group during the third quarter worth $82,748,000. National Pension Service acquired a new position in shares of Arch Capital Group in the 3rd quarter valued at $64,271,000. Finally, International Assets Investment Management LLC boosted its position in shares of Arch Capital Group by 18,634.1% during the 3rd quarter. International Assets Investment Management LLC now owns 551,345 shares of the insurance provider’s stock valued at $616,840,000 after acquiring an additional 548,402 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Stock Performance

Arch Capital Group stock opened at $93.50 on Friday. Arch Capital Group Ltd. has a 1 year low of $80.97 and a 1 year high of $116.47. The company’s 50-day moving average is $93.45 and its two-hundred day moving average is $101.16. 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 company has a market cap of $35.18 billion, a PE ratio of 6.28, a PEG ratio of 1.52 and a beta of 0.64.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company dropped their target price on Arch Capital Group from $109.00 to $107.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Bank of America reduced their target price on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Royal Bank of Canada cut their price target on shares of Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Keefe, Bruyette & Woods decreased their price objective on shares of Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Finally, BMO Capital Markets boosted their target price on Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a report on Wednesday, November 6th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.