5 Hot Stocks to Invest in According to Wall Street Analysts

2. Arch Capital Group Ltd. (NASDAQ:ACGL)

Number of Q4 2023 Hedge Fund Shareholders: 40

Share Price Target Upside: 8.58%

Latest Average Share Price Target: $100

Arch Capital Group Ltd. (NASDAQ:ACGL) is an insurance and reinsurance products provider headquartered in Pembroke, Bermuda. The firm has been performing well financially, as it has beaten analyst EPS estimates in all four of its latest quarters.

During last year’s fourth quarter, 40 out of the 933 hedge funds surveyed by Insider Monkey had held a stake in the firm. Arch Capital Group Ltd. (NASDAQ:ACGL)’s largest hedge fund shareholder is Brian Ashford-Russell and Tim Woolley’s Polar Capital as it owns $233 million worth of shares.

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