VisionPoint Advisory Group LLC Has $1.06 Million Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

VisionPoint Advisory Group LLC trimmed its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 21.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,584 shares of the insurance provider's stock after selling 3,121 shares during the period. VisionPoint Advisory Group LLC's holdings in Arch Capital Group were worth $1,059,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Quantbot Technologies LP bought a new stake in shares of Arch Capital Group in the 3rd quarter worth $25,000. Ashton Thomas Securities LLC acquired a new stake in Arch Capital Group in the 3rd quarter valued at about $50,000. Golden State Wealth Management LLC bought a new position in shares of Arch Capital Group during the 4th quarter valued at about $42,000. Y.D. More Investments Ltd grew its stake in shares of Arch Capital Group by 125.6% in the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock worth $43,000 after purchasing an additional 260 shares during the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Arch Capital Group by 97.0% in the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider's stock worth $78,000 after purchasing an additional 414 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ACGL has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating for the company in a report on Friday, January 3rd. BMO Capital Markets lifted their target price on Arch Capital Group from $98.00 to $104.00 and gave the stock a "market perform" rating in a report on Wednesday, November 6th. Barclays reduced their target price on Arch Capital Group from $120.00 to $100.00 and set an "equal weight" rating for the company in a report on Monday, January 6th. UBS Group dropped their price target 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. Finally, Royal Bank of Canada reduced their price objective on shares of Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Six equities research analysts have rated the stock with a hold rating and eleven 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 price target of $117.19.

Arch Capital Group Stock Up 0.9 %

Shares of NASDAQ:ACGL traded up $0.80 during trading on Tuesday, reaching $90.35. 1,652,114 shares of the company traded hands, compared to its average volume of 1,922,468. The firm has a fifty day simple moving average of $91.93 and a 200 day simple moving average of $100.62. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. Arch Capital Group Ltd. has a 1-year low of $86.16 and a 1-year high of $116.47. The firm has a market cap of $33.99 billion, a P/E ratio of 8.07, a price-to-earnings-growth ratio of 2.31 and a beta of 0.64.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued 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. Analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share 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.