RBA Wealth Management LLC Sells 225 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

RBA Wealth Management LLC lessened its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 64,927 shares of the insurance provider’s stock after selling 225 shares during the period. Arch Capital Group accounts for 2.3% of RBA Wealth Management LLC’s holdings, making the stock its 11th biggest position. RBA Wealth Management LLC’s holdings in Arch Capital Group were worth $5,996,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Catalina Capital Group LLC bought a new position in Arch Capital Group during the 4th quarter worth $240,000. Precision Wealth Strategies LLC grew its holdings in shares of Arch Capital Group by 11.3% during the 4th quarter. Precision Wealth Strategies LLC now owns 4,377 shares of the insurance provider’s stock worth $404,000 after purchasing an additional 443 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Arch Capital Group by 4.7% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 11,664 shares of the insurance provider’s stock worth $1,077,000 after purchasing an additional 523 shares in the last quarter. KG&L Capital Management LLC grew its holdings in shares of Arch Capital Group by 4.2% during the 4th quarter. KG&L Capital Management LLC now owns 11,307 shares of the insurance provider’s stock worth $1,044,000 after purchasing an additional 453 shares in the last quarter. Finally, Gilbert & Cook Inc. grew its holdings in shares of Arch Capital Group by 10.3% during the 4th quarter. Gilbert & Cook Inc. now owns 5,830 shares of the insurance provider’s stock worth $538,000 after purchasing an additional 545 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Trading Up 0.0 %

ACGL opened at $93.10 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58. Arch Capital Group Ltd. has a fifty-two week low of $80.97 and a fifty-two week high of $116.47. The firm has a market capitalization of $35.03 billion, a PE ratio of 6.25, a P/E/G ratio of 1.52 and a beta of 0.64. The company’s 50-day moving average is $94.03 and its 200 day moving average is $101.31.

Arch Capital Group Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ACGL. JMP Securities increased their target price on Arch Capital Group from $115.00 to $125.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 15th. Barclays decreased their target price on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Keefe, Bruyette & Woods lowered their price target on shares of Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Royal Bank of Canada lowered their price target on shares of Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, Bank of America lowered their price target on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a report on Friday, November 15th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Arch Capital Group presently has an average rating of “Moderate Buy” and an average target price of $118.00.

Arch Capital Group 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.