Cerity Partners LLC Has $3.61 Million Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Cerity Partners LLC lessened its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 31.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,072 shares of the insurance provider's stock after selling 17,043 shares during the quarter. Cerity Partners LLC's holdings in Arch Capital Group were worth $3,614,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cullen Frost Bankers Inc. acquired a new stake in Arch Capital Group in the fourth quarter valued at approximately $37,000. Golden State Wealth Management LLC acquired a new stake in shares of Arch Capital Group during the 4th quarter valued at $42,000. Y.D. More Investments Ltd boosted its holdings in shares of Arch Capital Group by 125.6% during the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock valued at $43,000 after acquiring an additional 260 shares in the last quarter. UMB Bank n.a. grew its position in Arch Capital Group by 97.0% during the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider's stock worth $78,000 after acquiring an additional 414 shares during the last quarter. Finally, Larson Financial Group LLC raised its position in Arch Capital Group by 47.0% in the fourth quarter. Larson Financial Group LLC now owns 910 shares of the insurance provider's stock valued at $84,000 after purchasing an additional 291 shares during the last quarter. Institutional investors own 89.07% of the company's stock.

Wall Street Analysts Forecast Growth

ACGL has been the topic of several research reports. Jefferies Financial Group boosted their price target on Arch Capital Group from $105.00 to $106.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Barclays reduced their target price on shares of Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating on the stock in a report on Friday, April 11th. JMP Securities reaffirmed a "market outperform" rating and set a $125.00 price target on shares of Arch Capital Group in a research note on Tuesday, February 11th. Royal Bank of Canada reduced their price objective on shares of Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. Finally, JPMorgan Chase & Co. raised their target price on Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $114.88.

Arch Capital Group Trading Up 0.2 %

ACGL stock traded up $0.21 during mid-day trading on Friday, reaching $92.59. The company's stock had a trading volume of 1,414,329 shares, compared to its average volume of 1,736,884. The company has a market cap of $34.79 billion, a price-to-earnings ratio of 8.27, a price-to-earnings-growth ratio of 2.31 and a beta of 0.36. Arch Capital Group Ltd. has a 12 month low of $82.49 and a 12 month high of $116.47. The business's 50 day moving average price is $91.49 and its 200 day moving average price is $96.07. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings data 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 net margin of 24.73% and a return on equity of 17.96%. During the same period last year, the company posted $2.45 earnings per share. On average, equities research analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insider Activity

In other news, insider Louis T. Petrillo sold 11,600 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total value of $1,055,600.00. Following the completion of the sale, the insider now directly owns 140,023 shares in the company, valued at $12,742,093. This trade represents a 7.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 4.20% of the company's stock.

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.