Principal Securities Inc. Cuts Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Principal Securities Inc. reduced its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 26.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,213 shares of the insurance provider's stock after selling 3,971 shares during the quarter. Principal Securities Inc.'s holdings in Arch Capital Group were worth $1,036,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in Arch Capital Group during the 3rd quarter valued at approximately $25,000. Golden State Wealth Management LLC bought a new position in shares of Arch Capital Group during the 4th quarter valued at approximately $42,000. Y.D. More Investments Ltd boosted its position in shares of Arch Capital Group by 125.6% during the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock valued at $43,000 after acquiring an additional 260 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Arch Capital Group during the 3rd quarter valued at approximately $50,000. Finally, UMB Bank n.a. boosted its position in shares of Arch Capital Group by 97.0% during the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider's stock valued at $78,000 after acquiring an additional 414 shares during the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ACGL shares. JPMorgan Chase & Co. lowered their target price on Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating for the company in a research report on Friday, January 3rd. Keefe, Bruyette & Woods lowered their price target on Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Bank of America lowered their price target on Arch Capital Group from $143.00 to $136.00 and set a "buy" rating for the company in a research report on Friday, November 15th. BMO Capital Markets raised their price target on Arch Capital Group from $98.00 to $104.00 and gave the stock a "market perform" rating in a research report on Wednesday, November 6th. Finally, Morgan Stanley lowered their price target on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $117.19.

Arch Capital Group Trading Down 1.0 %

Shares of NASDAQ:ACGL traded down $0.92 on Friday, hitting $88.13. 1,724,179 shares of the company's stock were exchanged, compared to its average volume of 1,805,560. Arch Capital Group Ltd. has a 12 month low of $84.00 and a 12 month high of $116.47. The stock has a market capitalization of $33.16 billion, a price-to-earnings ratio of 7.87, a price-to-earnings-growth ratio of 2.34 and a beta of 0.64. The business's 50 day simple moving average is $91.96 and its two-hundred day simple moving average is $100.63. 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 (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, beating 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 company earned $2.45 EPS. Analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

About Arch Capital Group

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.