Global Retirement Partners LLC Lowers Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Global Retirement Partners LLC decreased its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 19.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 5,550 shares of the insurance provider’s stock after selling 1,381 shares during the period. Global Retirement Partners LLC’s holdings in Arch Capital Group were worth $513,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Arch Capital Group by 245.1% during the 3rd 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 worth $341,652,000 after buying an additional 2,168,897 shares in the last quarter. Swedbank AB increased its position in shares of Arch Capital Group by 268.8% during the fourth quarter. Swedbank AB now owns 1,261,957 shares of the insurance provider’s stock valued at $116,542,000 after acquiring an additional 919,793 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Arch Capital Group by 10.5% during the fourth quarter. Principal Financial Group Inc. now owns 8,222,244 shares of the insurance provider’s stock worth $759,324,000 after acquiring an additional 783,506 shares during the period. Erste Asset Management GmbH purchased a new position in Arch Capital Group in the third quarter worth $82,748,000. Finally, AustralianSuper Pty Ltd grew its stake in Arch Capital Group by 736.4% in the 4th quarter. AustralianSuper Pty Ltd now owns 766,365 shares of the insurance provider’s stock valued at $70,774,000 after purchasing an additional 674,739 shares during the period. Institutional investors own 89.07% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on ACGL. Bank of America lowered their target price on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Morgan Stanley dropped their target price on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. JMP Securities reissued a “market outperform” rating and set a $125.00 target price on shares of Arch Capital Group in a research report on Tuesday, February 11th. BMO Capital Markets lifted their price target on shares of Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a report on Wednesday, November 6th. Finally, Keefe, Bruyette & Woods reduced their price objective on Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $117.19.

Arch Capital Group Stock Performance

Shares of ACGL opened at $88.13 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. 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. Arch Capital Group Ltd. has a 52-week low of $84.00 and a 52-week high of $116.47. The stock’s 50-day simple moving average is $91.96 and its 200 day simple moving average is $100.68.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. During the same period in the prior year, the business earned $2.45 EPS. Research analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

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.