Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Carderock Capital Management Inc.

Carderock Capital Management Inc. cut its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,530 shares of the insurance provider's stock after selling 2,809 shares during the period. Arch Capital Group makes up 2.2% of Carderock Capital Management Inc.'s holdings, making the stock its 18th biggest holding. Carderock Capital Management Inc.'s holdings in Arch Capital Group were worth $8,730,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Merit Financial Group LLC increased its position in shares of Arch Capital Group by 167.2% during the 4th quarter. Merit Financial Group LLC now owns 5,911 shares of the insurance provider's stock worth $546,000 after purchasing an additional 3,699 shares during the last quarter. Wedge Capital Management L L P NC increased its position in shares of Arch Capital Group by 4.7% during the fourth quarter. Wedge Capital Management L L P NC now owns 120,909 shares of the insurance provider's stock valued at $11,166,000 after acquiring an additional 5,417 shares during the last quarter. Chemistry Wealth Management LLC raised its stake in shares of Arch Capital Group by 24.3% in the 4th quarter. Chemistry Wealth Management LLC now owns 7,423 shares of the insurance provider's stock valued at $686,000 after acquiring an additional 1,450 shares during the period. Procyon Advisors LLC lifted its holdings in shares of Arch Capital Group by 15.1% in the 4th quarter. Procyon Advisors LLC now owns 10,667 shares of the insurance provider's stock worth $985,000 after acquiring an additional 1,403 shares during the last quarter. Finally, Contravisory Investment Management Inc. boosted its position in shares of Arch Capital Group by 12.0% during the 4th quarter. Contravisory Investment Management Inc. now owns 7,282 shares of the insurance provider's stock worth $672,000 after purchasing an additional 778 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Arch Capital Group Stock Down 0.6 %

Shares of ACGL stock traded down $0.59 on Friday, reaching $95.51. 4,619,679 shares of the stock were exchanged, compared to its average volume of 1,566,731. The company has a market capitalization of $35.93 billion, a price-to-earnings ratio of 6.41, a PEG ratio of 1.41 and a beta of 0.64. The business's 50 day moving average price is $95.15 and its 200 day moving average price is $101.55. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a twelve month low of $77.53 and a twelve month high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.05. The business had revenue of $4.72 billion during the quarter, compared to analysts' expectations of $4.05 billion. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same period in the prior year, the firm posted $2.31 EPS. As a group, sell-side analysts expect that Arch Capital Group Ltd. will post 8.85 earnings per share for the current fiscal year.

Arch Capital Group Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th were issued a dividend of $5.00 per share. The ex-dividend date was Monday, November 18th.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on ACGL shares. BMO Capital Markets boosted their target price 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. JMP Securities lifted their price objective on Arch Capital Group from $115.00 to $125.00 and gave the company a "market outperform" rating in a research note on Tuesday, October 15th. StockNews.com lowered Arch Capital Group from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Barclays dropped their target price 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. Finally, JPMorgan Chase & Co. cut their price target on shares of Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating on the stock in a research note on Friday, January 3rd. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $118.00.

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.