Cumberland Partners Ltd Lowers Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Cumberland Partners Ltd lessened its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 39.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,680 shares of the insurance provider's stock after selling 17,800 shares during the quarter. Cumberland Partners Ltd's holdings in Arch Capital Group were worth $2,556,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Farther Finance Advisors LLC increased its stake in Arch Capital Group by 12.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider's stock valued at $100,000 after purchasing an additional 101 shares in the last quarter. KG&L Capital Management LLC increased its stake in Arch Capital Group by 1.1% during the 3rd quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider's stock valued at $1,214,000 after purchasing an additional 115 shares in the last quarter. Marks Group Wealth Management Inc increased its stake in Arch Capital Group by 4.2% during the 3rd quarter. Marks Group Wealth Management Inc now owns 2,884 shares of the insurance provider's stock valued at $323,000 after purchasing an additional 115 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in Arch Capital Group by 1.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,878 shares of the insurance provider's stock valued at $993,000 after purchasing an additional 116 shares in the last quarter. Finally, Bensler LLC increased its stake in Arch Capital Group by 0.7% during the 3rd quarter. Bensler LLC now owns 18,921 shares of the insurance provider's stock valued at $2,117,000 after purchasing an additional 126 shares in the last quarter. Institutional investors own 89.07% of the company's stock.

Arch Capital Group Price Performance

Shares of Arch Capital Group stock traded down $0.92 on Friday, reaching $88.13. The stock had a trading volume of 1,724,179 shares, compared to its average volume of 1,805,560. Arch Capital Group Ltd. has a 1 year low of $84.00 and a 1 year high of $116.47. The company has a market cap of $33.16 billion, a P/E ratio of 7.87, a price-to-earnings-growth ratio of 2.34 and a beta of 0.64. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. The business's 50 day moving average is $91.96 and its two-hundred day moving average is $100.63.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.90 by $0.36. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. During the same period in the prior year, the business earned $2.45 EPS. As a group, research analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Wall Street Analyst Weigh In

ACGL has been the subject of several recent analyst reports. JMP Securities reiterated a "market outperform" rating and issued a $125.00 target price on shares of Arch Capital Group in a research note on Tuesday, February 11th. Keefe, Bruyette & Woods reduced their target price on shares of Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Morgan Stanley reduced their target price on shares of 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. Royal Bank of Canada reduced their target price on shares of Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Finally, BMO Capital Markets boosted their price target on shares of 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 analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $117.19.

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; 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.