Janney Montgomery Scott LLC Decreases Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Janney Montgomery Scott LLC decreased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 4.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 137,427 shares of the insurance provider's stock after selling 5,927 shares during the period. Janney Montgomery Scott LLC's holdings in Arch Capital Group were worth $15,375,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norden Group LLC acquired a new position in Arch Capital Group in the 1st quarter valued at $431,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Arch Capital Group by 6.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 94,729 shares of the insurance provider's stock valued at $8,757,000 after purchasing an additional 5,607 shares in the last quarter. Nordea Investment Management AB increased its position in Arch Capital Group by 5.4% during the 1st quarter. Nordea Investment Management AB now owns 27,951 shares of the insurance provider's stock worth $2,566,000 after purchasing an additional 1,442 shares during the period. Mutual of America Capital Management LLC lifted its holdings in shares of Arch Capital Group by 20.5% in the 1st quarter. Mutual of America Capital Management LLC now owns 60,161 shares of the insurance provider's stock valued at $5,561,000 after buying an additional 10,241 shares during the period. Finally, Whittier Trust Co. grew its holdings in Arch Capital Group by 541.6% during the first quarter. Whittier Trust Co. now owns 1,681 shares of the insurance provider's stock worth $155,000 after acquiring an additional 1,419 shares during the period. Hedge funds and other institutional investors own 89.07% of the company's stock.

Analysts Set New Price Targets

ACGL has been the topic of several research analyst reports. Barclays initiated coverage on shares of Arch Capital Group in a research report on Wednesday, September 4th. They set an "equal weight" rating and a $120.00 target price on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Arch Capital Group from $108.00 to $110.00 and gave the stock a "neutral" rating in a report on Thursday, October 10th. Bank of America increased their target price on shares of Arch Capital Group from $119.00 to $135.00 and gave the company a "buy" rating in a report on Thursday, October 10th. StockNews.com lowered Arch Capital Group from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Finally, Wells Fargo & Company dropped their price objective on Arch Capital Group from $126.00 to $118.00 and set an "overweight" rating for the company in a research note on Monday. Six investment 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 has a consensus rating of "Moderate Buy" and an average price target of $118.88.

Arch Capital Group Trading Up 5.4 %

Shares of Arch Capital Group stock traded up $5.20 during mid-day trading on Wednesday, hitting $101.70. 3,283,055 shares of the stock were exchanged, compared to its average volume of 1,661,216. The company has a 50-day simple moving average of $109.86 and a 200 day simple moving average of $102.92. The company has a current ratio of 0.58, a quick ratio of 0.60 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $38.25 billion, a price-to-earnings ratio of 6.76, a price-to-earnings-growth ratio of 1.36 and a beta of 0.61. Arch Capital Group Ltd. has a twelve month low of $72.85 and a twelve month high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, topping analysts' consensus estimates of $1.94 by $0.05. The company had revenue of $4.72 billion for the quarter, compared to analyst estimates 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 in the prior year, the company posted $2.31 EPS. Research analysts forecast that Arch Capital Group Ltd. will post 9.09 EPS for the current year.

Insider Transactions at Arch Capital Group

In related news, CFO Francois Morin sold 11,460 shares of the company's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the completion of the transaction, the chief financial officer now owns 221,779 shares of the company's stock, valued at approximately $22,723,476.34. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.00% of the company's stock.

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.