Chevy Chase Trust Holdings LLC Has $18.37 Million Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Chevy Chase Trust Holdings LLC reduced its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 198,876 shares of the insurance provider's stock after selling 4,175 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Arch Capital Group worth $18,366,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new position in shares of Arch Capital Group during the third quarter worth approximately $25,000. Golden State Wealth Management LLC acquired a new position in shares of Arch Capital Group in the fourth quarter valued at $42,000. Y.D. More Investments Ltd raised its stake in shares of 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 purchasing an additional 260 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Arch Capital Group in the third quarter valued at $50,000. Finally, UMB Bank n.a. raised its stake in shares of 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 purchasing an additional 414 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Morgan Stanley cut their target price on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. UBS Group lowered their price target on Arch Capital Group from $131.00 to $127.00 and set a "buy" rating on the stock in a research report on Tuesday. BMO Capital Markets upped their price target on Arch Capital Group from $98.00 to $104.00 and gave the company a "market perform" rating in a research report on Wednesday, November 6th. Bank of America lowered 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, Keefe, Bruyette & Woods decreased their target price on Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Arch Capital Group has an average rating of "Moderate Buy" and a consensus target price of $117.19.

Arch Capital Group Trading Up 0.4 %

NASDAQ:ACGL traded up $0.36 during mid-day trading on Wednesday, hitting $88.69. The company had a trading volume of 1,477,238 shares, compared to its average volume of 1,947,216. Arch Capital Group Ltd. has a fifty-two week low of $83.97 and a fifty-two week high of $116.47. The business's fifty day moving average is $92.27 and its two-hundred day moving average is $100.85. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. The firm has a market cap of $33.37 billion, a P/E ratio of 7.92, a P/E/G ratio of 2.25 and a beta of 0.64.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, beating 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 period last year, the business earned $2.45 EPS. As a group, research analysts expect that Arch Capital Group Ltd. will post 8.64 earnings per share for the current year.

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.