O Shaughnessy Asset Management LLC decreased its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 9.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 78,663 shares of the insurance provider's stock after selling 8,176 shares during the period. O Shaughnessy Asset Management LLC's holdings in Arch Capital Group were worth $7,265,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in the stock. Quantbot Technologies LP acquired a new stake in Arch Capital Group during the 3rd quarter valued at approximately $25,000. Cullen Frost Bankers Inc. bought a new stake in shares of Arch Capital Group in the 4th quarter valued at $37,000. Golden State Wealth Management LLC acquired a new stake in shares of Arch Capital Group during the fourth quarter worth $42,000. Y.D. More Investments Ltd raised its stake in Arch Capital Group by 125.6% during the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock worth $43,000 after buying an additional 260 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings 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 valued at $78,000 after buying an additional 414 shares during the period. 89.07% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total value of $1,055,600.00. Following the completion of the sale, the insider now directly owns 140,023 shares of the company's stock, valued at approximately $12,742,093. This represents a 7.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 4.20% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on ACGL. Royal Bank of Canada decreased their price target on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. UBS Group lowered their target price on Arch Capital Group from $131.00 to $127.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Wells Fargo & Company dropped their price target on Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 12th. 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, Morgan Stanley dropped their target price on shares of Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $117.19.
View Our Latest Research Report on ACGL
Arch Capital Group Stock Down 8.8 %
Shares of NASDAQ:ACGL traded down $8.45 during midday trading on Friday, hitting $87.83. 2,687,962 shares of the company's stock were exchanged, compared to its average volume of 1,719,357. 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 $87.42 and a 12 month high of $116.47. The company has a market cap of $33.00 billion, a PE ratio of 7.84, a price-to-earnings-growth ratio of 2.31 and a beta of 0.36. The stock has a 50 day moving average price of $92.23 and a 200-day moving average price of $97.46.
Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, topping analysts' consensus estimates 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 company posted $2.45 earnings per share. On average, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.
About Arch Capital Group
(
Free Report)
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.
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