Asset Management One Co. Ltd. Decreases Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Asset Management One Co. Ltd. decreased its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 13.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 159,248 shares of the insurance provider's stock after selling 25,349 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Arch Capital Group were worth $14,705,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC raised 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 acquiring an additional 101 shares in the last quarter. KG&L Capital Management LLC grew its holdings in shares of Arch Capital Group by 1.1% in the 3rd quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider's stock worth $1,214,000 after acquiring an additional 115 shares during the last quarter. Marks Group Wealth Management Inc grew its holdings in shares of Arch Capital Group by 4.2% in the 3rd quarter. Marks Group Wealth Management Inc now owns 2,884 shares of the insurance provider's stock worth $323,000 after acquiring an additional 115 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Arch Capital Group by 1.3% during the third quarter. Harbor Capital Advisors Inc. now owns 8,878 shares of the insurance provider's stock valued at $993,000 after buying an additional 116 shares in the last quarter. Finally, Bensler LLC grew its holdings in shares of Arch Capital Group by 0.7% during the third quarter. Bensler LLC now owns 18,921 shares of the insurance provider's stock valued at $2,117,000 after buying an additional 126 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. 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 report on Friday, November 15th. 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 report on Monday, January 6th. UBS Group reduced their price objective on Arch Capital Group from $131.00 to $127.00 and set a "buy" rating for the company in a research report on Tuesday. JPMorgan Chase & Co. reduced their price objective on Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating for the company in a research report on Friday, January 3rd. Finally, Wells Fargo & Company reduced their price objective on Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating for the company in a research report on Wednesday, February 12th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $117.19.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL traded up $0.40 during midday trading on Thursday, reaching $89.09. The company's stock had a trading volume of 2,089,313 shares, compared to its average volume of 1,954,182. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. 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 50 day moving average price is $92.17 and its two-hundred day moving average price is $100.76. The company has a market cap of $33.52 billion, a P/E ratio of 7.95, a P/E/G ratio of 2.28 and a beta of 0.64.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, beating 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 earnings per share. On average, analysts forecast that Arch Capital Group Ltd. will post 8.54 EPS for the current fiscal year.

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.