International Assets Investment Management LLC Cuts Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

International Assets Investment Management LLC reduced its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 98.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,363 shares of the insurance provider's stock after selling 541,982 shares during the period. International Assets Investment Management LLC's holdings in Arch Capital Group were worth $856,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ACGL. State Street Corp increased its position in shares of Arch Capital Group by 1.1% during the third quarter. State Street Corp now owns 16,587,446 shares of the insurance provider's stock worth $1,855,803,000 after acquiring an additional 172,628 shares during the period. Geode Capital Management LLC lifted its holdings in Arch Capital Group by 2.4% during the third quarter. Geode Capital Management LLC now owns 10,830,263 shares of the insurance provider's stock worth $1,208,307,000 after buying an additional 253,648 shares during the period. Principal Financial Group Inc. boosted its position in Arch Capital Group by 4.8% during the 3rd quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider's stock valued at $832,246,000 after acquiring an additional 337,786 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Arch Capital Group by 1.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,124,251 shares of the insurance provider's stock valued at $573,301,000 after acquiring an additional 49,426 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Arch Capital Group by 6.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,925,288 shares of the insurance provider's stock worth $396,026,000 after acquiring an additional 244,285 shares in the last quarter. 89.07% of the stock is owned by institutional investors.

Arch Capital Group Price Performance

Shares of Arch Capital Group stock traded down $2.49 on Friday, hitting $90.17. 2,896,396 shares of the company were exchanged, compared to its average volume of 1,863,982. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average price of $95.80 and a 200 day moving average price of $101.88. The stock has a market capitalization of $33.93 billion, a price-to-earnings ratio of 6.05, a price-to-earnings-growth ratio of 1.49 and a beta of 0.64. Arch Capital Group Ltd. has a 1-year low of $76.82 and a 1-year high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the firm earned $2.31 EPS. As a group, sell-side analysts predict that Arch Capital Group Ltd. will post 8.99 earnings per share for the current fiscal year.

Arch Capital Group Announces Dividend

The firm also recently declared 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 was Monday, November 18th.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. TD Cowen increased their price target on shares of Arch Capital Group from $116.00 to $138.00 and gave the company a "buy" rating in a research report on Friday, September 20th. Jefferies Financial Group increased their price target on Arch Capital Group from $114.00 to $134.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Barclays dropped their price objective on shares of Arch Capital Group from $120.00 to $100.00 and set an "equal weight" rating on the stock in a report on Monday. Wells Fargo & Company cut their price target 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. Finally, StockNews.com lowered Arch Capital Group from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $116.81.

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.