Stephens Inc. AR Lowers Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Stephens Inc. AR decreased its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 60.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,565 shares of the insurance provider's stock after selling 19,555 shares during the period. Stephens Inc. AR's holdings in Arch Capital Group were worth $1,160,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of ACGL. Empowered Funds LLC grew its stake in Arch Capital Group by 124.0% in the 4th quarter. Empowered Funds LLC now owns 28,756 shares of the insurance provider's stock valued at $2,656,000 after purchasing an additional 15,917 shares during the period. Northstar Group Inc. grew its stake in Arch Capital Group by 5.1% in the 4th quarter. Northstar Group Inc. now owns 122,197 shares of the insurance provider's stock valued at $11,285,000 after purchasing an additional 5,947 shares during the period. Golden State Wealth Management LLC bought a new position in Arch Capital Group in the 4th quarter valued at $42,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Arch Capital Group by 1.1% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 64,853 shares of the insurance provider's stock valued at $5,989,000 after purchasing an additional 694 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in Arch Capital Group by 2.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,024,638 shares of the insurance provider's stock valued at $94,625,000 after purchasing an additional 21,840 shares during the period. Hedge funds and other institutional investors own 89.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ACGL. Barclays reduced their price objective on Arch Capital Group from $120.00 to $100.00 and set an "equal weight" rating for the company in a research note on Monday, January 6th. JMP Securities reaffirmed a "market outperform" rating and set a $125.00 price target on shares of Arch Capital Group in a research report on Tuesday, February 11th. JPMorgan Chase & Co. dropped their price target on Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating on the stock in a research report on Friday, January 3rd. Morgan Stanley dropped their price target on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating on the stock in a research report on Friday. Finally, Bank of America dropped 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. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Arch Capital Group currently has an average rating of "Moderate Buy" and an average price target of $116.53.

Arch Capital Group Price Performance

ACGL traded down $1.96 during trading on Friday, reaching $88.20. 1,823,977 shares of the company were exchanged, compared to its average volume of 1,882,892. The company's 50-day moving average is $92.53 and its two-hundred day moving average is $100.98. The company has a market cap of $33.18 billion, a price-to-earnings ratio of 5.92, a P/E/G ratio of 1.53 and a beta of 0.64. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a 12-month low of $83.97 and a 12-month high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings data 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 return on equity of 18.94% and a net margin of 33.86%. During the same quarter in the previous year, the business posted $2.45 EPS. Research analysts forecast that Arch Capital Group Ltd. will post 8.86 earnings per share for the current fiscal year.

Arch Capital Group Company 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.