Sanctuary Advisors LLC lessened its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,319 shares of the insurance provider's stock after selling 4,697 shares during the quarter. Sanctuary Advisors LLC's holdings in Arch Capital Group were worth $11,664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently modified their holdings of the company. Farther Finance Advisors LLC raised its position in Arch Capital Group by 12.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider's stock worth $100,000 after buying an additional 101 shares during the last quarter. KG&L Capital Management LLC increased its position in shares of Arch Capital Group by 1.1% during the 3rd quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider's stock valued at $1,214,000 after purchasing an additional 115 shares during the last quarter. Marks Group Wealth Management Inc increased its position in shares of Arch Capital Group by 4.2% during the 3rd quarter. Marks Group Wealth Management Inc now owns 2,884 shares of the insurance provider's stock valued at $323,000 after purchasing an additional 115 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Arch Capital Group by 1.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,878 shares of the insurance provider's stock valued at $993,000 after purchasing an additional 116 shares during the last quarter. Finally, Bensler LLC grew its stake in shares of Arch Capital Group by 0.7% during the 3rd quarter. Bensler LLC now owns 18,921 shares of the insurance provider's stock valued at $2,117,000 after acquiring an additional 126 shares during the period. Hedge funds and other institutional investors own 89.07% of the company's stock.
Wall Street Analysts Forecast Growth
ACGL has been the subject of a number of recent research reports. StockNews.com downgraded Arch Capital Group from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Morgan Stanley cut their price objective on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Keefe, Bruyette & Woods cut their price objective on Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Wells Fargo & Company cut their price objective on Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating for the company in a research note on Wednesday, February 12th. Finally, Bank of America cut their price objective on Arch Capital Group from $143.00 to $136.00 and set a "buy" rating for the company in a research note on Friday, November 15th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Arch Capital Group currently has a consensus rating of "Moderate Buy" and an average price target of $117.19.
Read Our Latest Stock Report on ACGL
Arch Capital Group Price Performance
Shares of NASDAQ:ACGL traded down $0.92 during trading on Friday, reaching $88.13. The stock had a trading volume of 1,724,179 shares, compared to its average volume of 1,947,416. The business has a fifty day moving average price of $92.07 and a 200-day moving average price of $100.68. The stock has a market cap of $33.16 billion, a PE ratio of 7.87, a PEG ratio of 2.29 and a beta of 0.64. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. Arch Capital Group Ltd. has a 1-year low of $84.00 and a 1-year high of $116.47.
Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its earnings results on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, beating 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 period in the prior year, the company earned $2.45 EPS. On average, equities analysts forecast that Arch Capital Group Ltd. will post 8.54 earnings per share 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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