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

Bleakley Financial Group LLC boosted its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 39.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,540 shares of the insurance provider’s stock after buying an additional 4,960 shares during the quarter. Bleakley Financial Group LLC’s holdings in Arch Capital Group were worth $1,620,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Czech National Bank lifted its stake in Arch Capital Group by 7.1% in the 3rd quarter. Czech National Bank now owns 76,296 shares of the insurance provider’s stock valued at $8,536,000 after purchasing an additional 5,033 shares during the last quarter. Fulton Bank N.A. acquired a new stake in Arch Capital Group during the 3rd quarter valued at $207,000. Wedmont Private Capital boosted its position in Arch Capital Group by 9.7% during the third quarter. Wedmont Private Capital now owns 5,436 shares of the insurance provider’s stock worth $586,000 after purchasing an additional 479 shares during the period. UMB Bank n.a. increased its holdings in shares of Arch Capital Group by 41.9% in the third quarter. UMB Bank n.a. now owns 427 shares of the insurance provider’s stock valued at $48,000 after purchasing an additional 126 shares during the last quarter. Finally, Contravisory Investment Management Inc. raised its position in shares of Arch Capital Group by 3.2% in the third quarter. Contravisory Investment Management Inc. now owns 6,504 shares of the insurance provider’s stock valued at $728,000 after purchasing an additional 204 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Down 0.4 %

ACGL stock opened at $93.50 on Friday. The firm has a 50-day moving average price of $93.45 and a 200-day moving average price of $101.16. Arch Capital Group Ltd. has a 12 month low of $80.97 and a 12 month high of $116.47. 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 $35.18 billion, a P/E ratio of 6.28, a price-to-earnings-growth ratio of 1.52 and a beta of 0.64.

Analysts Set New Price Targets

A number of research analysts recently commented on ACGL shares. JMP Securities upped their price target on shares of Arch Capital Group from $115.00 to $125.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 15th. StockNews.com cut Arch Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Wells Fargo & Company decreased their price objective on Arch Capital Group from $109.00 to $107.00 and set an “overweight” rating on the stock 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 for the company in a research report on Friday, November 15th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.00.

Arch Capital Group 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.