HighTower Advisors LLC Reduces Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

HighTower Advisors LLC cut its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 17.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 97,393 shares of the insurance provider's stock after selling 20,716 shares during the quarter. HighTower Advisors LLC's holdings in Arch Capital Group were worth $8,994,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Quantbot Technologies LP purchased a new position in Arch Capital Group in the third quarter worth about $25,000. Cullen Frost Bankers Inc. purchased a new position in Arch Capital Group in the fourth quarter worth about $37,000. Golden State Wealth Management LLC purchased a new position in Arch Capital Group in the fourth quarter worth about $42,000. Y.D. More Investments Ltd boosted its position in Arch Capital Group by 125.6% in the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock worth $43,000 after purchasing an additional 260 shares during the last quarter. Finally, UMB Bank n.a. boosted its position in Arch Capital Group by 97.0% in the fourth quarter. UMB Bank n.a. now owns 841 shares of the insurance provider's stock worth $78,000 after purchasing an additional 414 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Louis T. Petrillo sold 11,600 shares of the business's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the completion of the transaction, the insider now owns 140,023 shares in the company, valued at $12,742,093. The trade was a 7.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 4.20% of the company's stock.

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Arch Capital Group Trading Down 0.5 %

Shares of NASDAQ ACGL traded down $0.47 during trading hours on Friday, hitting $91.98. 3,427,158 shares of the company traded hands, compared to its average volume of 1,660,425. The stock has a market capitalization of $34.53 billion, a price-to-earnings ratio of 8.21, a price-to-earnings-growth ratio of 2.31 and a beta of 0.62. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. The company's 50 day moving average price is $91.95 and its 200 day moving average price is $99.00. Arch Capital Group Ltd. has a 12 month low of $87.42 and a 12 month high of $116.47.

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

Analyst Ratings Changes

Several brokerages have issued reports on ACGL. UBS Group dropped their target price on Arch Capital Group from $131.00 to $127.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Keefe, Bruyette & Woods lowered their price objective on Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. Barclays lowered their price objective on Arch Capital Group from $120.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Monday, January 6th. JMP Securities reaffirmed a "market outperform" rating and set a $125.00 price objective on shares of Arch Capital Group in a research report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. lowered their price objective 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. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $117.19.

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.