SG Americas Securities LLC Cuts Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

SG Americas Securities LLC reduced its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 84.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,775 shares of the insurance provider's stock after selling 48,411 shares during the period. SG Americas Securities LLC's holdings in Arch Capital Group were worth $810,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Arch Capital Group by 245.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,739 shares of the insurance provider's stock valued at $341,652,000 after buying an additional 2,168,897 shares during the period. Erste Asset Management GmbH bought a new position in Arch Capital Group during the 3rd quarter worth about $82,748,000. National Pension Service purchased a new position in Arch Capital Group during the third quarter valued at approximately $64,271,000. International Assets Investment Management LLC increased its holdings in shares of Arch Capital Group by 18,634.1% in the 3rd quarter. International Assets Investment Management LLC now owns 551,345 shares of the insurance provider's stock valued at $616,840,000 after acquiring an additional 548,402 shares during the period. Finally, National Bank of Canada FI grew its stake in Arch Capital Group by 335.7% in the third quarter. National Bank of Canada FI now owns 551,312 shares of the insurance provider's stock valued at $61,681,000 after purchasing an additional 424,770 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ACGL shares. Jefferies Financial Group upped their price target on Arch Capital Group from $114.00 to $134.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods decreased their price objective on shares of Arch Capital Group from $121.00 to $120.00 and set an "outperform" rating for the company in a research note on Friday, January 10th. Evercore ISI upped their target price on Arch Capital Group from $104.00 to $107.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 9th. StockNews.com downgraded shares of Arch Capital Group from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. dropped their price objective on Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating on the stock in a report on Friday, January 3rd. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $118.00.

Arch Capital Group Trading Up 0.8 %

NASDAQ:ACGL traded up $0.76 during trading hours on Thursday, hitting $94.58. The company had a trading volume of 1,496,647 shares, compared to its average volume of 1,946,392. Arch Capital Group Ltd. has a 1 year low of $80.97 and a 1 year high of $116.47. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average of $94.39 and a 200 day moving average of $101.37. The company has a market cap of $35.58 billion, a P/E ratio of 6.35, a P/E/G ratio of 1.52 and a beta of 0.64.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, beating the consensus estimate 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 net margin of 33.86% and a return on equity of 18.94%. During the same period in the previous year, the business posted $2.31 EPS. Sell-side analysts expect that Arch Capital Group Ltd. will post 8.86 earnings per share for the current year.

Arch Capital Group Dividend Announcement

The firm also recently announced a special dividend, which was paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th were paid a dividend of $5.00 per share. The ex-dividend date was Monday, November 18th.

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.