National Pension Service Lowers Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

National Pension Service decreased its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 3.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 552,230 shares of the insurance provider's stock after selling 22,236 shares during the quarter. National Pension Service owned approximately 0.15% of Arch Capital Group worth $50,998,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ACGL. FFT Wealth Management LLC increased its stake in shares of Arch Capital Group by 5.2% in the fourth quarter. FFT Wealth Management LLC now owns 65,237 shares of the insurance provider's stock worth $6,025,000 after purchasing an additional 3,203 shares in the last quarter. Horizon Advisory Services Inc. purchased a new position in Arch Capital Group in the 4th quarter valued at approximately $266,000. Millington Financial Advisors LLC raised its holdings in Arch Capital Group by 13.6% during the 4th quarter. Millington Financial Advisors LLC now owns 18,058 shares of the insurance provider's stock valued at $1,681,000 after acquiring an additional 2,168 shares during the period. IFP Advisors Inc lifted its position in shares of Arch Capital Group by 24.3% during the fourth quarter. IFP Advisors Inc now owns 1,740 shares of the insurance provider's stock worth $163,000 after acquiring an additional 340 shares in the last quarter. Finally, Conscious Wealth Investments LLC boosted its holdings in shares of Arch Capital Group by 1.4% in the fourth quarter. Conscious Wealth Investments LLC now owns 34,780 shares of the insurance provider's stock worth $3,322,000 after acquiring an additional 482 shares during the period. Hedge funds and other institutional investors own 89.07% of the company's stock.

Arch Capital Group Trading Up 0.1 %

NASDAQ ACGL traded up $0.07 during trading on Monday, hitting $92.98. 1,714,117 shares of the company's stock traded hands, compared to its average volume of 1,933,443. The firm has a market cap of $34.98 billion, a P/E ratio of 8.30, a PEG ratio of 2.31 and a beta of 0.64. The stock has a fifty day moving average of $92.04 and a two-hundred day moving average of $100.40. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58. Arch Capital Group Ltd. has a 12-month low of $86.56 and a 12-month high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, topping 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 last year, the business posted $2.45 EPS. As a group, sell-side analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. UBS Group decreased their price objective on Arch Capital Group from $131.00 to $127.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. Keefe, Bruyette & Woods decreased their price target 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. Wells Fargo & Company cut their price objective on shares of Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating for the company in a research report on Wednesday, February 12th. Barclays decreased their target price 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, January 6th. Finally, BMO Capital Markets boosted their price target on shares of Arch Capital Group from $98.00 to $104.00 and gave the company a "market perform" rating in a research report on Wednesday, November 6th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Arch Capital Group presently has an average rating of "Moderate Buy" and a consensus target price of $117.19.

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.