Carroll Financial Associates Inc. Purchases 2,091 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)


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Carroll Financial Associates Inc. grew its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 738.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,374 shares of the insurance provider’s stock after acquiring an additional 2,091 shares during the period. Carroll Financial Associates Inc.’s holdings in Arch Capital Group were worth $91,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ACGL. Bessemer Group Inc. raised its stake in shares of Arch Capital Group by 121.4% during the fourth quarter. Bessemer Group Inc. now owns 797 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 437 shares during the last quarter. Advisory Services Network LLC raised its stake in Arch Capital Group by 129.6% in the fourth quarter. Advisory Services Network LLC now owns 1,582 shares of the insurance provider’s stock worth $57,000 after buying an additional 893 shares in the last quarter. International Assets Investment Management LLC bought a new position in Arch Capital Group in the fourth quarter worth about $65,000. Captrust Financial Advisors raised its stake in Arch Capital Group by 969.3% in the fourth quarter. Captrust Financial Advisors now owns 2,406 shares of the insurance provider’s stock worth $87,000 after buying an additional 2,181 shares in the last quarter. Finally, Eudaimonia Partners LLC raised its stake in Arch Capital Group by 69.5% in the third quarter. Eudaimonia Partners LLC now owns 3,098 shares of the insurance provider’s stock worth $91,000 after buying an additional 1,270 shares in the last quarter. 78.33% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:ACGL opened at $40.00 on Tuesday. The company’s 50 day moving average price is $37.59 and its 200-day moving average price is $34.32. Arch Capital Group Ltd. has a 52 week low of $20.93 and a 52 week high of $40.58. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.28. The stock has a market cap of $16.13 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 1.15 and a beta of 0.80.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Monday, February 8th. The insurance provider reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.18. Arch Capital Group had a net margin of 15.08% and a return on equity of 5.80%. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the prior year, the company posted $0.74 earnings per share. The business’s revenue for the quarter was up 20.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Arch Capital Group Ltd. will post 1.33 earnings per share for the current year.

A number of equities analysts recently issued reports on ACGL shares. Credit Suisse Group increased their price target on shares of Arch Capital Group from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, January 11th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Arch Capital Group from $42.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, March 29th. JMP Securities raised shares of Arch Capital Group from a “market perform” rating to an “outperform” rating and set a $43.00 target price for the company in a research note on Tuesday, January 19th. Finally, JPMorgan Chase & Co. raised their target price on shares of Arch Capital Group from $30.00 to $36.00 and gave the company a “neutral” rating in a research note on Monday, January 4th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $38.30.

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; collateral protection, debt cancellation, and service contract reimbursement products; 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.

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Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

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