Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by First Hawaiian Bank

First Hawaiian Bank decreased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 35.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,273 shares of the insurance provider's stock after selling 6,287 shares during the period. First Hawaiian Bank's holdings in Arch Capital Group were worth $1,041,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ACGL. Victory Capital Management Inc. lifted its position in shares of Arch Capital Group by 5.9% during the 2nd quarter. Victory Capital Management Inc. now owns 275,994 shares of the insurance provider's stock valued at $27,845,000 after acquiring an additional 15,262 shares during the period. Caprock Group LLC grew its holdings in Arch Capital Group by 67.0% in the second quarter. Caprock Group LLC now owns 6,115 shares of the insurance provider's stock valued at $617,000 after purchasing an additional 2,453 shares during the last quarter. Ballentine Partners LLC grew its holdings in Arch Capital Group by 26.3% in the second quarter. Ballentine Partners LLC now owns 2,803 shares of the insurance provider's stock valued at $283,000 after purchasing an additional 584 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of Arch Capital Group by 10.9% in the second quarter. Daiwa Securities Group Inc. now owns 40,799 shares of the insurance provider's stock valued at $4,116,000 after buying an additional 4,022 shares in the last quarter. Finally, LPL Financial LLC raised its stake in shares of Arch Capital Group by 7.9% during the 2nd quarter. LPL Financial LLC now owns 307,334 shares of the insurance provider's stock worth $31,007,000 after buying an additional 22,574 shares during the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Evercore ISI raised their target price on shares of Arch Capital Group from $104.00 to $107.00 and gave the company an "in-line" rating in a report on Wednesday, October 9th. Royal Bank of Canada dropped their price objective on shares of Arch Capital Group from $128.00 to $125.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. Wells Fargo & Company reduced their target price on Arch Capital Group from $118.00 to $109.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 19th. JPMorgan Chase & Co. dropped their price target 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, StockNews.com cut Arch Capital Group from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. 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 MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $116.81.

Arch Capital Group Trading Down 2.7 %

Arch Capital Group stock traded down $2.49 during trading on Friday, reaching $90.17. The company had a trading volume of 2,896,396 shares, compared to its average volume of 1,863,982. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market capitalization of $33.93 billion, a price-to-earnings ratio of 6.05, a PEG ratio of 1.49 and a beta of 0.64. Arch Capital Group Ltd. has a 12-month low of $76.82 and a 12-month high of $116.47. The stock's 50 day moving average price is $95.80 and its two-hundred day moving average price is $101.88.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, topping analysts' consensus estimates of $1.94 by $0.05. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. The business had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the prior year, the firm posted $2.31 EPS. As a group, equities analysts expect that Arch Capital Group Ltd. will post 8.99 earnings per share for the current fiscal year.

Arch Capital Group Announces Dividend

The company also recently disclosed a special dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were paid a $5.00 dividend. The ex-dividend date of this dividend was Monday, November 18th.

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.