Integrated Wealth Concepts LLC Lowers Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Integrated Wealth Concepts LLC trimmed its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 42.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,545 shares of the insurance provider's stock after selling 7,058 shares during the period. Integrated Wealth Concepts LLC's holdings in Arch Capital Group were worth $1,068,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Quantbot Technologies LP purchased a new stake in shares of Arch Capital Group during the third quarter valued at about $25,000. UMB Bank n.a. acquired a new stake in Arch Capital Group in the second quarter valued at approximately $30,000. Rothschild Investment LLC purchased a new position in Arch Capital Group in the second quarter worth $35,000. Compagnie Lombard Odier SCmA acquired a new position in shares of Arch Capital Group during the third quarter worth $46,000. Finally, Asset Dedication LLC lifted its holdings in shares of Arch Capital Group by 188.1% during the 3rd quarter. Asset Dedication LLC now owns 435 shares of the insurance provider's stock valued at $49,000 after purchasing an additional 284 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company's stock.

Arch Capital Group Price Performance

Shares of Arch Capital Group stock traded down $0.66 during mid-day trading on Monday, reaching $97.83. 1,398,262 shares of the stock traded hands, compared to its average volume of 1,811,759. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a fifty-two week low of $72.85 and a fifty-two week high of $116.47. The stock has a market capitalization of $36.81 billion, a PE ratio of 6.57, a PEG ratio of 1.56 and a beta of 0.62. The business has a 50-day moving average of $103.95 and a 200 day moving average of $103.37.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced 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. The firm had revenue of $4.72 billion for the quarter, compared to the consensus estimate 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 quarter last year, the business posted $2.31 earnings per share. On average, analysts predict that Arch Capital Group Ltd. will post 8.99 EPS for the current year.

Arch Capital Group Dividend Announcement

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

Analysts Set New Price Targets

ACGL has been the topic of several research analyst reports. JMP Securities boosted their target price on Arch Capital Group from $115.00 to $125.00 and gave the stock a "market outperform" rating in a research note on Tuesday, October 15th. Wells Fargo & Company cut their price objective on shares of Arch Capital Group from $118.00 to $109.00 and set an "overweight" rating on the stock in a report on Tuesday, November 19th. Barclays assumed coverage on shares of Arch Capital Group in a research note on Wednesday, September 4th. They issued an "equal weight" rating and a $120.00 target price for the company. StockNews.com lowered shares of Arch Capital Group from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Finally, Citigroup lifted their price objective on shares of Arch Capital Group from $105.00 to $114.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 10th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $118.38.

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.